People have many fears in life. I know my biggest fear is death. According to Kevin McDonald, "Death is the final stage of life, something we all must face. But many people go through another kind of death well before the coffin. It's divorce."
Divorce is death of a marital relationship. "Divorce is big business in the United States. According to maritalstatus.com, a Web site geared toward divorce and remarriage, divorce is a $28 billion-a-year industry with an average cost of about $20,000." When a divorce is final, most couples hire an attorney to make sure that assets, child support, alimony and other aspects are handled fairly. The legal fees are generally lower than a mediated or contested divorce. Here's a general rule of thumb: "The more complicated and emotional the divorce, the more expensive it will be, according to several attorneys nationwide."
Most lawyers charge an hourly rate, so expect to pay between $100 and $450 an hour, says Jan Warner of Columbia, S.C., a divorce attorney for 30 years. "Some lawyers may charge as little as $75 an hour, according to maritalstatus.com, with an up-front retainer of $500 to $10,000."
A retainer is the initial fee you pay the lawyer. The attorney's hourly rate is then deducted from the retainer. Once the money is gone, you pay additional money to keep the attorney on your case.
California divorce attorney Marilyn S. Slifman says many couples can't afford to hire a lawyer and are forced to look for other ways to settle matters. Some couples hire an attorney only for certain services. The choice is yours! "Separate the finances from the emotions. Think about the divorce as a business deal and what is best for you. Formulate goals and work toward them," says Wall.
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PDF: Fernando de Noronha
4 years ago