We have all heard about the tragic flooding in historic Ellicott City. Many of us are stepping in to help. Let's take a minute to pause and show support for everyone who lost businesses from the flood. Did you know that divorce may be the leading cause of losing your small family owned business?
There are so many ways you will need to prepare for your impending divorce. Preparing for it emotionally is never easy. Preparing for it financially is incredibly important and can be challenging. If you are the financially dependent spouse, you might not have access to the assets or bank accounts. If you are the primary bread-winner and the spouse who does the bills, you see the impossibility of creating two separate financial households when you are barely able to pay all the bills of one household.
There are many direct expenses when you divorce. Attorneys' fees are what most people view as the top cost. When you think about it, that is rarely true.
Sometimes you can. Sometimes, you can't. How is that for what appears to be a BS answer? It is, however, a reality.
Most divorce attorneys will shy away from any question of the ultimate cost of legal services. Retainers vary widely by attorney. Hourly rates vary, as well. Some divorce attorneys will start with a low retainer, but you may have to keep re-paying a new retainer monthly, as the end cost could be quire high.
So, you found your divorce attorney, and you and the attorney are now working together. Perhaps it is purely for advice. Perhaps you are drafting a separation agreement. Maybe you are engaged in hard-nosed litigation.