Divorce Financing For Separations That Are Hassle Free
by Elizabeth Davis
The day you got married was probably one of the happiest days of your life. Divorce attorneys would have been the last thing on your mind. But the statistics show that a good proportion of marriages fail and that custody battles and settling assets is more and more common. It is not cheap to end a marriage, in fact it is an extremely expensive business. But with <a href="https://www.newchaptercapital.com/what-we-do">divorce financing</a> things can run more smoothly for you.
The average cost of a divorce in America is an astounding fifteen thousand dollars. Thankfully yours may only cost a few hundred dollars, but it is more likely to cost thousands. You will need an attorney, unless you are very lucky, and the services of plenty of other professionals too.
But what makes the process so expensive. Asides the fees you will pay the attorney you'll have to pay for court costs, mediators, time off work, a financial planner, and accountants fees. The list really is endless, and the more joint assets you and your spouse have, the more expensive things will be.
So let us take a look at a typical situation and break down the costs. Borrowing money won't actually be difficult, if you have a good credit report. It is as simple as applying for a short term loan for school fees or for a vacation.
The best way to keep the costs down is to agree on everything. This includes the distribution of assets and custody issues. If you are still on speaking terms with your spouse you can even draw up your own agreement to bring to a lawyer. This however is not so common, and arguments start and things get bitter without a mediator to help.
It is most likely that you won't agree on everything and that you will need to hire an attorney for custody or asset issues. Out of court settlements are a lot cheaper, but they are not very common at all. When you cannot agree on finances and custody you will need accountants, a professional to value your home, and many more services. Each extra service you require will add money to the final cost of your divorce.
Getting a divorce is not just about spending money. You will also lose money on earnings and sometimes on the sale of a property or other assets. If an agreement cannot be reached over your property than it will be sold, often for a loss due to the necessity for a quick sale. Then there are the costs of finding a new home to buy or rent and furnish that need to be taken into consideration.
Once you are no longer living with your partner you'll have to think about childcare. This is another cost you might not have thought about. Ending a marriage is difficult and you'll come across hurdles you never imagined would exist. But with financing for separations readily available you can start the process today without having to worry about how you'll pay for it. There is no point putting off the inevitable, and once the process is over you might even be able to afford to go away on a well deserved vacation.
You can get valuable tips for picking a <a href="http://www.newchaptercapital.com/what-we-do">divorce financing</a> company and more information about a reputable company at http://www.newchaptercapital.com/what-we-do now.
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