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How to keep divorce from harming your finances

Divorce can be a very expensive undertaking. Not only can it take a toll on your emotions, but it can also cause financial problems -- even for those couples who seem to split amicably.

Each of the conflicts that you and your soon-to-be ex-spouse have will cost reduce the number of conflicts, you will have to determine what is most important to you. Once you know this, you can work with your attorney to address them. If you don't have to fight, don't. For example, fighting over a piece of furniture will likely cost you more in legal fees than the piece is worth.

While you may be tempted to tackle your divorce on your own, there is no replacement for a good divorce lawyer. With that said, realize that there are still parts of your divorce that you can take of on your own. The more calls that you place to your lawyer, the more expensive your divorce will get.

If you and your spouse have disagreements over big issues but are still getting along fairly well, a collaborative agreement may be a good choice. It can help cut the cost of litigation by keeping your divorce out of court.

Divorce is not ain easy task and certainly is not a cheap one. By using the above tips, you can save money on litigation and legal costs. This will help you as you plan your future as a newly-single person. An attorney can help you learn more about other cost-cutting measures, such as mediation.

Source: Huffington Post, "5 Ways to Prevent a Divorce From Hurting Your Finances," Vicky Law, July 27, 2017

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