Friday, September 3, 2021

What Does Divorce Demand Financially?

Divorce is such a hard time one everyone. Do you feel like your marriage is over? Are you putting off getting divorced because you're worried you can't afford it? We suggest knowing the facts before jumping into a hasty decision. Our divorce lawyers at the Lake of the Ozarks are here to give you a few different types of fees to think about when considering divorce, in this week's blog. If you have any questions, please call Gibbons Law Firm today at (573) 348-2211.

What Does Divorce Demand Financially?

Will there be litigation?

This factor will likely have the strongest influence on the overall cost of your divorce. If you and your spouse can agree on how you want to handle things, you will be able to sign agreements outside of the courtroom, which will likely save you thousands of dollars. If you cannot agree on things and instead decide to take various issues to court, you will be faced with expensive litigation fees.

Do you have children?

If you and your spouse share children, your divorce will almost inevitably become more challenging (and, consequently, more expensive) as you determine how to divide custody. Custody battles are often the most highly contested aspect of any divorce, and when spouses cannot agree on an issue, the overall cost inevitably goes up. 

Do you feel it will take a long time for you and your spouse to reach an agreement?

It probably goes without saying, but the attorney(s) you choose to represent you in the divorce process will significantly impact the overall cost. Some attorneys are much more expensive than others, and some are guided by significantly less integrity. When selecting which Lake of the Ozarks divorce attorney you would like to represent you, it is important to choose a trustworthy individual you can rely on to keep your best interests at heart. The longer your divorce takes, the more legal fees there will likely be.

Do you have many assets between the two of you?

The more property and assets you and your spouse accumulated during your marriage, the more work will be involved in dividing them between you. If you only shared the marital residence, dividing the property shouldn't be too challenging. However, if you own multiple properties, share lucrative investments, and have both your names on extensive retirement accounts, the process may become much more involved.

We're Here For You During This Tough Time!

Are you ready to move on with your life? If you're ready to start this transition, we urge you to seek the advice of an experienced divorce attorney. Divorce is not a decision that should be made lightly. To get a better idea of what you'd be getting into, call Gibbons Law Firm today at the phone number listed below. Be sure to follow us on our social media channels below to stay up to date on our latest announcements.

Remember, your initial consultation with Gibbons Law Firm is always free.

Your Trusted Legal Resource

Gibbons Law Firm
2820 Bagnell Dam Blvd, Suite B4
Lake Ozark, MO 65049

(573) 348-2211

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