Collaborative Divorce Costs
Divorce Papers > Collaborative Divorce > Collaborative Divorce Costs
In June 2008, the average approximate costs of the following routes were stated as below.
- Mediated Divorce: less than 7,000 USD
- Collaborative Divorce: less than 20,000 USD
- Divorce negotiated by rival lawyers: up to 27,000 USD
- A nasty, litigated case: about 78,000 USD
Points regarding Collaborative Divorce Costs
- Every divorce professional levies hourly rates. In addition to this, the professional may charge individual retainers. These professionals are inclusive of 2 lawyers, 2 coaches, 1 financial specialist and 1 child specialist
- No court fees for discovery demands or serving motions
- At the end of the process, the lawyers file their appearance in the court and pay the court fee
Why Collaborative Divorce Cost is more than mediation?
- Mediation is a 3 way communication and thus involves less number of professionals as compared with collaborative divorce
- Several mediators direct their clients to some select lawyers or other professionals and these are ready to play the role of mediation consultants. For this service, they charge an hourly rate
- The mediators draft complete settlement agreements. Every client determines if this agreement may be reviewed by a lawyer, thus resulting in a possibility of saving money
Cost effective measures in Collaborative Divorce
- If the children want to make some input, it is welcomed. The present and future requirements of the children are taken into account while crafting parenting plan and determining other child related issues
- Issues that prop up in the post divorce phase can be dealt with in the absence of any future expenditures
- There is a mutual agreement between the divorcing partners regarding a complete and realistic settlement
- The legal procedures are highly simplified
- All the essential information is exchanged voluntarily
- The present condition of the couple is stabilized by developing temporary agreements
Collaborative Divorce Expenditures Vs Litigation Expenses
- In a litigation, one has to make repeated court appearances and this requires considerable amount of money
- In order to attend the court, one has to stay away from work or other responsibilities and due to this there is loss of money
- The expenditure for filing in the court is considerably decreased
- The expenses for counter petitions, interrogatories, formal discovery and depositions is eliminated
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