Divorce is an emotionally draining process, and if you’re not careful, it can drain your finances as well. To keep divorce costs as low as possible, you need to make wise financial decisions right from the start.
Keep reading to learn five ways you can reduce the costs of your Singapore divorce.
Work amicably with your spouse.
If possible, you and your soon-to-be former spouse should agree to put differences aside and treat each other fairly and amicably throughout the divorce process.
Divorce becomes extremely expensive when divorcing couples engage in a lengthy court battle over ancillary issues, such as property division, child custody, or spousal maintenance.
However, if you reach an agreement on these issues without going through the courts, you could save thousands–if not tens of thousands–of dollars. It may be challenging to put aside your hurt and be amicable, but the money you save almost certainly could be put to better use in your post-divorce life.
Read More:
Fixed Fee Uncontested Divorce Packages Starting from $1200
Simplified Divorce Process – Checklist for Uncontested Matters
The Difference Between a Contested & Uncontested Divorce
Consider divorce mediation.
One of the best ways to work amicably with your spouse is to choose alternative dispute resolution to dissolve the marriage.
Divorce mediation is a process where you and your spouse sit down with a neutral third party, called a divorce mediator, to work out a settlement agreement that is suitable to both of you.
The mediator helps promote healthy communication between the divorcing couple and helps prevent strong emotions from making unreasonable decisions. Mediation is cost-effective because couples who reach a decision are usually able to avoid litigation, a process that will elevate the cost of the divorce exponentially.
Read More: A Good Divorce – Mediation, Child’s Welfare and Communication
Get organized.
To prevent the divorce process from dragging on too long (and racking up legal fees), you must get organized. Keep a divorce journal where you keep track of all divorce-related meetings, notes, and questions.
Also, gather all your divorce-related financial papers, such as payslips, deeds, and bank statements, and keep them in a designated file so you can access them quickly as needed.
Maintaining all your divorce-related documents will save precious time when consulting with your divorce lawyer, which saves you money.
Stay focused.
You can also reduce costs by not letting your emotions guide your decisions. You can do this by honestly assessing the most important goals you want and need to achieve in the divorce. Child custody? Retaining the family home or car? Obtaining spousal support?
Write down the most important things you want to achieve in the divorce, as well as the things that you’re willing to let go.
This way, your lawyer can concentrate on helping you attain the most critical issues and not waste time and money on more minor things.
Read More: Establishing Priorities for your Divorce in Singapore
How our Divorce Lawyers can Help You
Our divorce lawyer offer expert guidance in Singapore’s divorce process, emphasizing strategies to minimize financial strain and avoid expensive courtroom battles.
Read More: Why you need an Experienced Divorce Lawyer
We’re here for you
When you contact our matrimonial law team, we will provide you with a consultation, tailored to your specific circumstances and goals in mind.
Our goal is to help you find a resolution that works for you.
