Site NavigationDo Your Own Divorce And Save Money
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Getting divorced can be traumatic, but it doesn't have to be hard. . You can hire a divorce lawyer, or try to do it yourself. Many people are representing themselves in divorce court, and saving a lot of money doing it. There are some things you should consider before you file your own divorce petition.
Do you have anything to fight about? In many divorces, the parties end up hiring divorce lawyers and spending a lot of money when they don't have very much to lose. If you haven't been married for long, chances are good that you haven't done anything together that you need to bring to a judge's attention. All you need to do is end your legal connection to each other. With the right forms, you can do that much on your own. Among the things you should base your decision on whether to hire an attorney are:
1. Have you bought a house together? If you have, fighting over it's value is probably a waste of time and money. Houses don't gain equity right away. Unless you made a big down payment or the price of real estate is rising where you live, your house probably isn't worth any more than you owe on it. You would have to be paying on it for several years to have "equity" or value that would give you any kind of profit if you sold it.
In many divorces, one of the parties refuses to sign his interest in the house over to the other unless payment is forthcoming. The husband / wife will demand that the other spouse cough up several thousand dollars before they will let their name be removed from the title. This makes sense if the house is worth more than you owe on it, plus the cost of selling it, but otherwise, you should be glad your spouse is assuming a bad debt.
If one of you does want the house, try to get it refinanced in the name of the person keeping it. This way, if the one who keeps it falls on hard times and can no longer make the payments, the other spouse won't have to worry about foreclosure proceedings. Even more important is that the other spouse will be better able to get another mortgage when he / she is ready to buy a new home.
You can get your home appraised to find out what it is worth. A fee appraiser can compare your house and its present condition to others that have sold in your neighborhood. Then you will know how much compensation you should get, if your spouse keeps it, or you both decide to sell.
2. People fight over cars when they get divorced. Divorces can get very expensive when people pay attorneys to go after vehicles. It may seem unfair to give up a car or truck that you have been making installment payments on for months. However, it is doubtful that the car or truck is worth more than you owe on it. If your spouse can refinance the car or truck in his / her name alone, paying an attorney to go after it for you may cost you a lot more than you would gain.
It isn't often that you can sell a car for more than the debt against it. You should always remember what you'll have to pay an attorney when you are deciding whether a car or truck is worth receiving in a divorce settlement. You may be better off putting the money you don't spend on a lawyer towards the purchase of new transportation.
If you can keep the car you usually drive, you should find this issue easy to resolve. However, if one of you is driving a car you can't afford, or that is on its last legs other arrangements should be discussed. If one of the cars is newer, the person who keeps it should compensate the other party if the good car is debt free.
3. Personal property is another money drainer in divorces. If you fight over appliances, furniture and dishes, you could end up paying your attorney a lot more than these things are worth. Furniture and appliances lose value quickly. Even if you feel you made the lion's share of the payments, and should be entitled to keep the object, you might save more money if you just cut your losses and buy new.
No one can tell you what is worth fighting for when your marriage ends. If there is something valuable at stake, an attorney's help may be well worth the cost. However, if you and your spouse can be reasonable, and avoid quibbling over trivial things, you might find that you can end your marriage without a lawyer's help just by filing the right forms. Ask at your local library or courthouse, and good luck.
Copyright (c) 2010 Lucille Uttermohlen
About the Author:
Need some free legal help? Write to The Law Lady at thelawlady@utter-law.com or read informative articles about relationship issues at www.couple-or-not.com
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