Being money smart about divorce

Individuals may come to the conclusion that divorce is necessary, but their decision can be hindered by the fact that it can be expensive. No one should be forced to base such an important life decision on finances. Therefore, it’s important for anyone seeking divorce in Utah to consider smart, affordable divorce mediation options. Here are a few money-saving tips everyone should keep in mind when considering the prospect of divorce.

Know what to say and when

When it comes to communicating with one’s spouse during divorce proceedings, it can be wise to designate times to discuss issues like child custody arrangements and asset division. If both parties are able to communicate productively and politely, settling some provisions out of court can save both on time and attorney fees.

Similarly, it’s important to use time with one’s attorney effectively. Come prepared with relevant questions and/or concerns, and try to stay on topic during meetings.

Account for your expenses

Given that many married couples have shared bank accounts and credit cards, it’s recommended that individuals separate themselves from the other party’s finances immediately upon filing for divorce.

In order to avoid conflict and possible divorce litigation, individuals should be as open and honest as possible about information regarding income and assets. Accurately reporting income can help to settle arrangements like child support.

Know how to start and finish

At the end of the divorce process, both parties should recognize and adhere to the terms of the divorce agreement. Future disputes and/or legal issues can be avoided if individuals respect their role in the agreement.

Another important thing to remember is that a person needs to choose a divorce attorney before anything else. A responsible, trustworthy attorney will be conscientious about their fees while offering high quality services.

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