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Ways to make a divorce cheaper

Some New Jersey couples may have tried everything they can think of to make their marriages work only to find that divorce is imminent. When that occurs, they might want to start thinking of how they are going to pay for their divorces since divorce is indeed a costly process. Just because emotions are running high doesn't mean that finances have to be as well. Fortunately, there are some ways that people can make their divorces cheaper.

Start with the finances when looking for ways to save money. Once it is determined that a divorce is going to happen, close any joint credit card accounts in order to keep additional debt from accruing. Not only do couples have to divide up their assets, but they have to divide up their debt as well. Creditors may try to hold spouses liable for each others' debts after their divorces. People should also make sure that they truthfully disclose to the court any assets that they have to keep from incurring fines for trying to hide them. Not disclosing everything could end up costing more in the long run.

When it comes to obtaining an attorney, try to select an affordable one, however tempting it might be to retain the best one that money can buy. The most highly acclaimed lawyers oftentimes come with steep price tags, charging as much as hundreds of dollars per hour of their service. Therefore, keep communication with a lawyer to a minimum. For instance, if there are certain issues to work out with an ex without a lawyer present, do so and then get back with the lawyer.

If people can negotiate with their exes rather than litigate, they can reduce their attorney fees. However, attorneys are sometimes necessary to act as mediators for their clients in divorce proceedings.

Source: The Huffington Post, "5 Ways to Cut Costs During a Divorce", Elliot Grey, October 27, 2013

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