Jump to Navigation
Call or email an attorney today: 504.322.1234 or toll free 888.586.2588 / We Make Your Problems Our Business.
Avoiding litigation in divorce may save assets from liquidation

When divorce hits a married couple in New Orleans, one of the first concerns spouses may focus on is their shared wealth. How will the money be split? Who will get which assets? Will alimony and child support be paid? How am I going to survive with my income alone? The property division process can be one of the more stressful portions of a divorce.

If soon-to-be former spouses are at odds, the division of property may be a battle that is long fought. Considering the costs associated with litigation, it may be wise for the couple to do its best to come to terms with the divorce so that the assets do not have to be liquidated to pay for court costs. This is why some couples elect to use the collaboration or mediation as a way to see the divorce through.

Some lawyers have seen litigated divorces cost the couple more than $100,000. Is that cost really worth ensuring the ownership of a couple assets?

Both collaboration and mediation avoid litigation and, instead, have the interested parties meet with either both lawyers present or one, unbiased attorney, depending on the chosen option. This way, expenses are cut and a couple has a chance to work together rather than against one another when determining who gets what. Many experts have found that these options are better for the children, as they do not have to see their parents go head to head.

Some say there is a direct relationship between emotional stress and the costs of a divorce, which may equate to an easier transition into single life if a less expensive process is chosen.

Source: Minuteman News Center, "How to decrease dollar drain of divorce," Aug. 15, 2012

No Comments

Leave a comment
Comment Information

Get Answers to Your Questions

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Subscribe to This Blog's Feed FindLaw Network

Brown Weimer LLC | 1615 Poydras Street Suite 1275 | New Orleans, LA 70112 | P: 504-322-1234 TF: 888-586-2588 F: 504-561-8707 | Email | Directions | Map

Privacy Policy | Business Development Solutions by FindLaw, a Thomson Reuters business.