Divorce can not only be emotionally taxing, but it can also drain your finances. Legal fees, alimony, child support, and property division all can affect your economic situation. However, dissolving your marriage does not need to break the bank. There are strategies that you can use to ease the financial burden that many people experience in divorce.
This article will discuss three ways to lower the cost of your divorce. Consult an Illinois divorce attorney about other ways you can keep your economic future as secure as possible.
Stay Out of Court
One of the best ways to avoid wrecking the bank is to avoid a court battle, also known as litigation. Legal fees for court appearances alone can cost you tens of thousands of dollars, which is particularly high considering litigation is often not necessary. Most divorcing couples are able to reach settlements through alternative dispute resolution.