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5 Ways To Save Money On Divorce Attorney Costs

5 Ways To Save Money On Divorce Attorney Costs

The average national fee charged by divorce attorneys in the United States is $250 per hour and can be even much higher if you’re dealing with a senior lawyer or partner. The average cost of a divorce is $15,500 with a total of $12,800 in attorney fees. Here are a few tips to help you cut some of that cost down and save money on legal fees.

Keep It Strictly Business

Lawyers charge by the hour and their rates are expensive. Chances are that you’ll be billed for the full hour even if your conversation involves topics not related to your divorce. Try to avoid open-ended questions and keep your answers relevant to the case at hand. Get straight to the point and only address issues directly to your divorce. If you need emotional support or feel like venting, seeing a therapist will be much more affordable since you’ll only be responsible for the co-pay if you have health insurance.

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Research Divorce Procedures For Your State

You can save tons of money before you even have a consultation with a divorce lawyer by reading up on the legal process and gathering the documents required in order to file for divorce proceedings in your state. For example, if you’re a resident of California you can visit the California Courts website and obtain information on how to file a divorce, legal separation or annulment. Having a basic idea of the process will enable you to focus on the questions that really matter when you speak with your attorney. Remember, they bill by the hour so you don’t want to spend that time asking questions to which you can easily find the answer for by Googling.

Talk To Your Attorney’s Associate Or Legal Assistant

Lawyers bill for phone calls which means that it will be much more cost effective to speak with a secretary or a junior associate with a lower hourly rate. If you have a clerical question about a particular form, ask the legal secretary or assistant. Make sure to ask for the hourly rates of all of the staff helping you with your case. All rates should also be included in your retainer agreement.

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Work With Your Spouse

The thought of sitting down with your soon to be ex may seem unpleasant but it can help you save thousands of dollars. Try to come to an agreement on the value of your assets, debts and income. A real estate agent will be able to assist you appraising the value of your home. The cost of vehicles can be determined by consulting with Kelley Blue Book.

If you aren’t able to come to the same conclusion, you’ll have to undergo a process called formal discovery which means both parties will ask each other questions via each other’s divorce lawyers. This will only result in additional charges on your attorney bill.

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Keep Phone Conversations Short

Keep in mind that time spent over the phone with your divorce attorney gets billed in 6-minute increments. For example, if your attorney bill is at $200 an hour that’s $20 per 6-minute increment and a 7-minute conversation will be charged $40 for 2 full increments. You would have paid the same $40 for an 11 or 12-minute conversation. Write down your questions ahead of time and try to cover them in one conversation instead of several, which will end up being more expensive. Make sure to find out what

type of incremental billing your divorce attorney uses prior to hiring since this can vary (some attorneys bill in 12-minute increments). You may want to consider asking questions via e-mail which can be more cost-effective and just as efficient.

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Jacqueline Cao

Entrepreneur

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Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

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Featured photo credit: Austin Distel via unsplash.com

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