What are the expenses associated with getting a divorce? | Cherry Hill Divorce Attorney
Whenever a couple is thinking of getting a divorce, it can be a difficult time for everyone involved. Not only can there be emotional tension built up over the course of the marriage, but the possibility of making major life adjustments could be intimidating for both spouses as well as their children. With all the emotional and financial burden that comes with the divorce process, some may wonder if getting a divorce is even worth it. While the necessity of a divorce is entirely up to the spouses and how they feel about their marriage, it is important to know what kind of expenses will accumulate throughout the process. If you and your spouse are thinking about dissolving your marriage, please contact a New Jersey family lawyer at The Law Offices of Mark S. Guralnick for more information.
What expenses should I expect if I get a divorce?
Perhaps the most important thing to keep in mind is if you and your spouse are capable of being amicable with each other throughout the process. The shorter a divorce case is, the less expensive it will be for the both of you. If possible, always try to resolve the terms of your divorce through a settlement agreement to avoid a prolonged process.
However, if a settlement can not be reached, be prepared to hire an attorney. Depending on location and experience, the typical hourly rate for an attorney can range from $200 up to $500. It is very likely that an attorney will ask for an immediate retainer which would encompass costs for the estimated amount of time they will spend on your case relative to their hourly rate as well as other potential expenses. If the retainer runs out, you will be expected to cover a replenishment retainer to maintain their services.
Because of all the potential legal fees associated with conventional litigation, many couples often hire a single mediator to avoid this issue. Although, while divorce mediation can be more cost-effective compared to the traditional divorce process, it is essential to keep in mind that the mediator is a neutral party. They will not advocate on your behalf like an attorney would which could ultimately be troublesome for you depending on the situation.
It is anything but uncommon for couples to stay together simply because the expenses of going through a divorce are too much. Not to mention that most couples contribute two incomes for one household. Maintaining the same quality of life with presumably two households to support after the divorce is finalized can be very difficult to accomplish. The major life adjustments alone often deter couples from filing for a divorce.