Thursday, October 13, 2016

Four Tips to Help You Save Money on Your Divorce

Just because a divorce is emotionally difficult doesn't mean it needs to negatively impact your finances for years to come. As soon as you believe a separation might be in your future, it is vital that you learn as much as possible about divorce law Texas in order to protect your assets. Here are a few tips that will help you save money on this legal process.

Research Your State's Laws
The vast majority of laws that govern divorces are made at a state level. Even if only one of you is currently living in that state, your location could impact child support, how your assets are divided, alimony, and visitation rights. Your state also sets the fees that separating couples must pay to the county or city they reside in.

Save All Financial Information
One of the most important steps to take in the months leading up to your divorce is to save all financial records. Many people mistakenly believe that their divorce will go off without a hitch, and that can result in major financial battles down the road. Collecting financial documents well before they are needed gives you an extra layer of protection in the event that the divorce does not go as smoothly as you planned. This includes bank statements, pink slips, receipts, proof of income, and anything else that could affect the separation.

Voluntarily Exchange Information
Making things more difficult for one's partner almost always increases the total cost of the divorce. Those who completely refuse to cooperate with their partner generally need a full-time legal representative, and that can easily cost thousands of dollars a month. Being as amicable as possible and sharing information could help you avoid an expensive civil case at a later time.

Consider Preparing Your Own Paperwork
Uncontested divorces can typically be carried out with absolutely no professional legal help. Many companies offer step-by-step instructions to walk couples through every facet of their divorce. These services include digital copies of any questionnaires and legal paperwork that must be submitted to the county. As long as neither party is contesting the divorce, this is one of the most affordable ways to separate.

Taking a few simple steps such as being polite to your partner and filing your own paperwork could save you thousands on your divorce and protect your assets from future legal battles.

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