On behalf of Janet Boyle of Boyle & Feinberg, P.C. posted in Divorce Mediation on Thursday, February 19, 2015.
Some people try to deny their spouses reasonable spousal support or equitable property division during divorce proceedings. While that may feel good from an emotional standpoint, it could cost an individual more than it needs to to settle the case. In some cases, an individual may spend $15,000 or more on legal fees when the issue could be settled for far less money.
It is important to understand that an attorney is not a therapist or a sounding board but is instead there to handle the legal aspects of the divorce process. For those people who are honest about their finances and what they need after the divorce is finalized, the whole process may take only a couple of weeks to complete if resources are used wisely.
One option for couples looking to keep costs down is to seek out the help of a mediator. A mediator works to ensure that the couple stays on task and communicates effectively. In some cases, this may be all that is needed to settle a divorce without the need to incur significant legal fees, as most mediators charge far less than an attorney does.
For couples who may be looking to dissolve their marriage without breaking the bank, a mediation session may be for them. This may allow both parties to get what they need as they transition from marriage to a more independent lifestyle. If there are issues remaining after mediation that are unresolved, then litigation may be appropriate. However, the time and expense involved will often be far less than would have been the case if every issue regardless of importance was argued in front of a judge.
Source: CNBC, “How to get divorced without breaking the bank“, Susan Caminiti, Feb. 9, 2015