Avoiding Legal Fees With Divorce Mediation

For many couples, the emotional tango of divorce is the most painful part of an estranged marriage. However, the financial burdens associated with traditional litigation is virtually sure to exacerbate this pain. Before hiring an attorney or tackling the paperwork on your own, consider the advantages of divorce mediation.

Get Help Filing for Divorce

The immediate concern when it comes to divorce is the cost of attorney representation. According to recent surveys, the average two-day trial can range between $5,000 and $25,000 depending on the complexity of your case. In some cases, the initial retainer alone can cost over $2,500, leaving minimal funds for everyday expenses like utilities and housing. On the other hand, a do-it-yourself approach could drain your finances faster in the long run if you are not familiar with the court processes and procedures involved in dissolving a marriage. With divorce mediation, an all-inclusive estimate will be provided from the start. In fact, many mediators offer free consultations to discuss the benefits of a divorcing cooperatively and collaboratively through mediation.

Make a Plan for the Future

Unfortunately, the initial cost of the divorce is only the beginning and the long-term impact of these decisions is often overlooked. In order to maintain financial stability in the future, you must have a realistic idea of your current income and expenses. Even if you are not sure how to navigate the financial aspects of the agreement, a mediator can give you fair and accurate information and guidance.

To ensure the overall success of divorce mediation, it is recommended that you gather as much financial information as possible to verify your assets. Keep detailed records of each purchase and make copies of all relevant documentation, including:

  • Tax returns
  • Insurance policies
  • Loan documents
  • 401K and retirement plans
  • Deeds, titles and receipts
  • Wills and trusts
  • Record of existing debts

 

Cooperation Suits Your Budget

Above all else, you must enter the process of mediation with an open mind if you expect to keep the costs low. You and your significant other will control the length and frequency of each meeting, which means the price of divorce mediation ultimately depends on your willingness to negotiate in good faith and compromise. By cooperating with your mediator outside of court, you will save thousands on legal proceedings and court hearings. Whether the decision to part ways was mutual or you are finally acknowledging a truth of your marital situation, gaining your independence without spending a fortune is a direct result of careful planning and collaboration. In the end, your emotional recovery will be able to take precedence only if your financial responsibilities have been addressed first.

About Oliver Ross

Oliver Ross, JD*, PhD founded Out-of-Court Solutions Inc. in 1995 and since then has mediated over 3,000 divorce and family matters. He is a select member of the Maricopa Superior Court Family Mediation roster