One of the most stressful parts of divorce for many couples in Washington is the process of reorganizing their finances and negotiating an agreement about how shared assets will be split up. Often, even in the most amicable divorces, people will have to compromise and settle for an agreement that while hopefully mutually beneficial, maybe less-than-ideal.
People who are not careful and who continue spending money as they always have as their divorce is underway may be met with an unexpected surprise when things are finalized and they do not have access to the income they previously had during their marriage. Maintaining one’s finances throughout a divorce is a goal that requires people to be wise about how they choose to spend their money and careful about when they choose to spend it.
A couple of ways that people can save on the financial costs of settling their divorce include working amicably with their spouse to decide who gets what when it comes to basic household items and things of sentimental value. They should also begin organizing their finances immediately and be aware of where their money is going and what income they have available to pay for basic necessities. Relying on professionals to appraise the value of items like a home or vehicle also be quite costly. Couples who are able to effectively agree on the value of items like those previously mentioned can save themselves the expense of paying someone else to do it.
When people are getting divorced, they may find support and relief with the help of an attorney. Legal professionals may be able to use their experience and education to help people accomplish their objectives as efficiently as possible.
Source: Forbes, “8 Ways To Lower The Cost Of A Divorce,” Jul. 22, 2019