Divorce can be an expensive process and it’s understandable that you might be looking at how to reduce the cost of your separation or divorce.
Here are 6 simple things that can help you reduce the cost of your divorce.
Get as much information that you can. Make lists or spreadsheets detailing all your current assets, liabilities, debts and ongoing day-to-day costs.
Include absolutely everything from your house, car, and bank balances to your furniture, superannuation and any other investments you might have.
Knowing exactly what your financial position is at the time of your separation will help you establish what you have and how to split it fairly.
Just because you’re separating, doesn’t mean you should stop talking to each other. Communication becomes even more crucial now. Think carefully before you speak, and make sure you communicate clearly and concisely.
If verbal communication is becoming stressful and argumentative, stick to written communications like emails and texts where you’ll have a clear paper trail of your conversations to refer to later if needed.
Consider using an App like Divvito to process your communications with your ex.
Keep Your Stress Levels Down
Try to stay calm and avoid getting stressed out during the divorce process. Being stressed can lead you to make poor decisions and that’s something to avoid if possible.
Remember to breathe, and don’t be afraid to ask your family and friends for support when you need it.
Make Rational Decisions
Before you make any decisions, consider all the options and consequences carefully. Decisions made emotionally rather than logically can often be regretted later on, so make sure all your decisions are rational ones.
Be Prepared To Negotiate
Divorce is rarely straightforward, especially when it comes to splitting your belongings and assets. You need to go into any conversations prepared to negotiate. Think about what your ideal outcome is, but still consider the needs of your ex, and what a fair outcome could look like for both of you.
Avoid Going To Court
Going to court is undoubtedly an expensive way to divorce. You’ll have court fees and family lawyer fees that can easily run to tens of thousands of dollars.
Keeping your divorce out of the courts is one of the best ways to reduce the cost of your separation or divorce.
Divorce mediation can help you avoid dragging your divorce through the courts. It’s a simple process that can help you work out your expectations between yourselves, rather than leaving it up to a judge to decide.
Speak to Ian Shann about how divorce mediation can help you reduce the cost of your divorce.