Quatela Chimeri, PLLC

Money concerns during divorce are common

Ending a marriage brings about many changes. In particular, individuals' financial situations can easily face impacts that have them worrying about moving forward with their lives on a single income. Fortunately, New York residents can take steps to help them manage their money wisely during the divorce process.

First, individuals may want to make sure they understand the costs that come along with their use of legal representation. Attorneys can provide invaluable insight and support during divorce, but parties may want to remember that these professionals come at a cost. If people are not prepared for meetings with their legal counsel, they could face additional costs if they must make more appointments with their attorneys in order to address issues that they were unprepared for in earlier meetings.

It could also help individuals to consider their futures lives after divorce. If they become stuck on achieving a single outcome, they could spend a considerable amount of time and money trying to reach a result that may not be realistic. Instead, parties may want to consider their negotiation options and what steps could help their proceedings move forward more smoothly and quickly.

Saving money during divorce is often a goal for many New York residents. The many expenses associated with these legal proceedings can seem intimidating. Fortunately, individuals can review their situations and find various ways in which they could save time and money. Speaking with their legal counsel could also help interested individuals determine how to best prepare for meetings and their legal proceedings overall in order to move forward effectively.

Source: CNBC, "6 strategies to get a divorce without going broke", Lorie Konish, May 10, 2018

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