Perhaps the best example of how expensive divorce can be is seen when a celebrity or any other high-profile personality chooses to go separate ways with their spouse. Despite the fact that divorce-related expenses will not be as high for the average Australian, the cost of divorce can still be prohibitive for a large number of people.
This article discusses three ideas that a prospective divorcee can implement in their bid to bring down the cost of being "unmarried".
Apply For A Reduction Of Divorce Fees
Applying for a reduction of divorce fees is perhaps the easiest way to bring down the cost of divorce. The Australian government seems to understand the emotional and psychological turmoil that prospective divorcees often go through. Allowing for a reduction of divorce fees is perhaps the government's way of ensuring that financial constraints don't keep anyone stuck in a marriage that no longer works for them.
In order to qualify for a reduction of divorce fees, applicants are required to provide details about the assets that they own, their various sources of income and their day-to-day expenses. The authorities concerned will use this information to determine whether a prospective divorcee will be subjected to financial hardship if their application is denied. If the financial information provided by an applicant doesn't point to this, he or she does not qualify for a reduction.
Apply For A Legal Expense Loan
In a large number of cases, divorce lawyers would be in a position to recommend a number of third party lenders who have legal expense loans in their list of financial products available to the general public.
Before legal practitioners recommend a lending agency, they'll have assessed the financial situation of their client in order to confirm that the client is eligible for a legal expense loan from the specified lender. In many cases, legal expense loans are repaid on the form of monthly deductions taken out of a prospective divorcee's pay cheque.
Skip A Few Court Proceedings
The fact that court proceedings in a divorce case may not be mandatory is often not known to a large number of prospective divorcees. For example, court attendance is often only mandatory when a prospective divorcee makes an individual application for divorce in a marriage that has dependents (children under the age of 18). The cost of commuting to and from the courthouse can be significantly high if the divorce case drags in court for a long time.
Getting a divorce shouldn't necessarily make you go broke.Share