While choosing to end a marriage in New Jersey is difficult, it can become substantially harder when considering the associated expenses. Going through a divorce often means paying attorney fees, splitting assets and perhaps making support payments. Fortunately, couples can save a significant amount of money through taking certain measures, as a recent news outlet illustrates.
According to the report, one of the best ways to make the process more affordable is to reach a resolution outside the courtroom. This can make the divorce quicker and keep legal costs low. Issues such as property division and child custody could be discussed ahead of time, as long as both parties agree to it. A trained mediator can help couples reach these resolutions when the spouses cannot come to an agreement on their own.
The article also advises people to be as prepared as possible. This includes gathering all pertinent information, such as premarital agreements, financial statements and employment information. Providing an attorney with the health information, names, addresses and Social Security numbers of both spouses and any children is also helpful. Couples should also do their best to determine when key assets were acquired, which will establish whether or not they will be subject to division.
As much as someone may want to keep his or her costs low, it is imperative not to sacrifice rights in order to do so. Because divorce can be an emotional time, it is often helpful to enlist the help of a neutral party experienced in these matters. Anyone who has questions about this matter should consult with an attorney.
Source: NJ.com, “Divorce is expensive. Here’s how to make it cheaper,” Victoria Dalton, Nov. 21, 2015