Divorce can be financially stressful to the point that people often stay in bad marriages because they cannot afford it. People getting a divorce need to be realistic about the process and avoid wasting money in needless litigation, and be prepared for money issues to bring out the worst in everyone. Both sides will almost always wind up with less money than they had before the divorce, so it’s especially important to avoid throwing money and time away on unwinnable battles. Negotiating a lower rate with your attorney can also be a good idea.
- Clarity not emotions are what counts in a divorce proceeding. You need clarity to negotiate division of assets and responsibilities if children exist.
- You should be prepared to settle for less – your assets would be divided, you might pay for child support and you have to depend on a single income.
- Divorce mediation breaks down when money issues arise. People start acting on their fears. You have to be prepared for that.
“If you are in the middle of your divorce, you know that most of the long, drawn-out legal arguments revolve around money.”