5 Things that Impact the Cost of Divorce

Divorce is a trying time for everyone involved. Personal and professional relationships may be affected by a divorce. Not only does a divorce at the Lake of the Ozarks cause emotional damage, but it can also have a negative impact on your financial stability. Divorces cost money and it's best to find an experienced divorce attorney near the Lake of the Ozarks to look out for your best interested throughout the entire process.

1) Business Ownership

Owning a business can make the divorce process more complex. If no arrangements were set in stone before the marriage, the business may be included in the overall assets of the marriage. This can take extra steps for each lawyer to review financial documents and decide a worth of the business if both parties want ownership rights or financial gains from the business.

2) Children Involved

When there are children involved in a divorce, the cost of the divorce may rise. It can take more time to determine how to divide custody of your kids. A custody battle is often the most highly contested aspect of the divorce process. Each parent is typically passionate about their kids and are willing to fight for their rights, causing the cost of divorce to rise.

3) Marital Assets Involved

If a large amount of assets are involved, the more work needed in dividing them between the two parties. Multiple properties or other assets can complicate the process, and drive the cost up. Other assets that can complicate the process are shared investments and retirement accounts that are listed in both of your names.

4) Amount of Cooperation between Spouses

Cooperation with your spouse also has a direct impact on the length of time involved to finalize the divorce. This factor also has a big impact on the money needed to complete the process. If you and your spouse cannot decide how things should be handled and divided, extensive and costly litigation fees may be involved. If the two parties can agree and cooperate, it can greatly impact the bottom line in a positive way.

5) The Attorneys You Choose

The attorneys used to represent you in the divorce process will have a significant impact on the overall cost. While the cost is a major factor, it's important to find a divorce attorney at the Lake of the Ozarks that is trustworthy, reliable, and has your best interest in mind.

If you're thinking about filing for divorce near the Lake of the Ozarks, Gibbons Law Firm is here for you. We offer a free initial consultation for divorce cases. It's important your interests are top of mind and our law firm at the Lake of the Ozarks can help protect yours. Contact us today to set up your consultation and learn about how we can help with your unique divorce circumstances.

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

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Gibbons Law Firm

2820 Bagnell Dam Blvd, Suite B4

Lake Ozark, MO 65049

(573) 348-2211

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4 Factors that Impact the Cost of Divorce

Did you know financial challenges are one of the most common causes for divorce in the United States? Although divorce does not have to be expensive, there are a number of factors that can drive up the cost of a divorce. Several factors can increase the financial stress for both parties involved in the divorce.

One of the most common questions our family law attorney at the Lake of the Ozarks gets asked is ”how expensive is a divorce.” Unfortunately, there is no set amount for each divorce. Each situation is different, making it impossible to provide a clear price estimate. There are certain factors that can influence how much a divorce will cost. Our Lake of the Ozarks law firm is here to help explain some of the factors that may apply to your divorce and how these factors can impact the overall cost.

Factor #1: Children Involved in the Divorce

When there are children involved in a divorce, the cost of the divorce may rise. It can take more time to determine how to divide custody of your kids. A custody battle is often the most highly contested aspect of the divorce process. Each parent is typically passionate about their kids and are willing to fight for their rights, causing the cost of divorce to rise.

Factor #2: Amount of Cooperation between Spouses

Cooperation with your spouse also has a direct impact on the length of time involved to finalize the divorce. This factor also has a big impact on the money needed to complete the process. If you and your spouse cannot decide how things should be handled and divided, extensive and costly litigation fees may be involved. If the two parties can agree and cooperate, it can greatly impact the bottom line in a positive way.

Factor #3: Marital Assets Involved

If a large amount of assets are involved, the more work needed in dividing them between the two parties. Multiple properties or other assets can complicate the process, and drive the cost up. Other assets that can complicate the process are shared investments and retirement accounts that are listed in both of your names.

Factor #4: The Attorneys You Choose

The attorneys used to represent you in the divorce process will have a significant impact on the overall cost. While the cost is a major factor, it's important to find a divorce attorney at the Lake of the Ozarks that is trustworthy, reliable, and has your best interest in mind throughout the entire process.

If you are interested in filing for divorce, we hope you'll consider Gibbons Law Firm for a trustworthy and affordable attorney. It's important to find the right lawyer to represent your divorce case. Let us help you through the entire divorce process.

Along with divorce, our Lake of the Ozarks divorce attorney has experience with all matters relating to family law. Child custody, spousal maintenance, child support, pre-nuptial and post-nuptial agreements, paternity cases, annulments, and legal separation are all matters we can assist with, as well. For more information about divorce at the Lake of the Ozarks, contact our law firm today. Your first initial consultation is always free with us!


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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How Much Does Divorce Cost?

Financial challenges are a leading cause of divorce in the U.S. While divorce in and of itself does not have to be expensive, various factors can drive up the cost and result in a rather costly endeavor overall. Unfortunately, this often only adds to the financial stress each spouse is already carrying.

At our family law firm in Osage Beach MO, one of the most common questions we are asked is how much it will cost to get divorced. Each situation is different, so it is impossible to provide a cut-and-dry pricing amount that will apply to every case. However, there are certain factors that can influence the total cost. Gibbons Law Firm is here to help you examine some of these factors and how they may apply to your situation.

Cooperation

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.

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. 

Extensive Marital Assets

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.

The Attorneys

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. 

Contact Gibbons Law Firm For Divorce Representation

If you are considering filing for divorce at the Lake of the Ozarks, we hope you'll consider contacting Gibbons Law Firm for the trustworthy and affordable representation you need. Over the years, our skilled attorney has successfully represented hundreds of divorce cases. We would be honored to put our knowledge to work for you.

In addition to divorce, we have experience dealing with all matters relating to family law, including child custody, child support, spousal maintenance, division of assets and liabilities, termination of parental rights, prenuptial and postnuptial agreements, paternity cases, legal separation, annulments, guardianships. For more information about our family law services in Camden County MO, visit our website: www.RGibbonsLawFirm.com. We look forward to representing you.

Your Trusted Legal Resource

Gibbons Law Firm

4075 Osage Beach Parkway, Suite 300

Osage Beach, MO 65065

(573) 348-2211

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