One of the most difficult aspects of divorce is the financial toll that it can take on a family. Divorce (or dissolution of marriage, as it is formally known in the state of Colorado) is notoriously known for being “expensive”. However, everyone’s financial situation is different; people who are facing divorce or who are considering the possibility of divorce may be wondering what exactly “expensive” means. Is it going to cost them a few hundred dollars? A few thousand dollars? Tens of thousands of dollars? The cost to get a divorce in Colorado isn’t standard or universal, though.
One study from Martindale Hubbell found that the average cost of divorce for clients who work with Colorado divorce attorneys is about $10,750, but can realistically range anywhere from $3,500 to $19,900 (or less or more). This isn’t particularly helpful if you’re trying to plan for the future. What is more helpful is knowing what factors will influence how much your specific divorce will cost you, so you can get accurate expectations, make necessary arrangements, and do everything you can to keep the process as affordable as possible!
Here’s a brief overview of the things that make dissolution of marriage more expensive and the unique way that our compassionate divorce firm can give you financial peace of mind.
Why You Need To Pay For An Attorney
One of the biggest costs associated with divorce is the cost of hiring legal representation. Because divorce attorney fees can be exorbitant, depending on the attorney in question, many people think that they can save money by taking a “DIY” approach; they try to handle their divorce themselves by following information they find online. Especially if you’re on amicable terms with your spouse, avoiding attorney involvement seems to be a great solution that minimizes red tape and achieves a better, more affordable result…but that’s a misconception that can end up making the cost to get a divorce in Colorado much more expensive than it needs to be!
Colorado divorce lawyers go to law school for years to learn how to complete divorce paperwork without making any mistakes that could incur additional fees. They know the local court system, they know how to navigate a variety of complex situations, and they know how to protect you from getting taken advantage of. If you end up representing yourself, you could become victim to common pitfalls that can extend the length of your divorce or lead to litigation (both factors that increase the price of divorce). Also, consider that money isn’t the only cost involved. Lawyers can save you tremendous amounts of time and stress, which is why you need to have one (or an entire firm) on your side! Cutting out representation isn’t the way to cut costs.
Factors That Influence How Much It Will Cost To Get A Divorce In Colorado
Not all of the factors that make divorce more or less expensive are within your power to control, but here are a few that you should at least be aware of:
Whether You Agree On Major Issues
The single most influential factor when it comes to predicting the cost to get a divorce in Colorado is disagreement. The more you and your spouse disagree, the more time and effort it will take to reach a resolution, which will be more costly! If one or both of you isn’t willing to compromise or work together to find mutually agreeable terms, your case may need to be decided by a judge. Contested divorce battles are always many times more expensive than uncontested divorces!
Whether Minor Children Are Involved
Determining what happens to children can be the most challenging and most expensive part of divorce. Issues like legal and physical custody, parenting time, visitation, child support, and others pertaining to your kids can take much longer to resolve and are often more contentious. Figuring out a good solution to those issues may require several evaluations, mediation, court hearings, and/or a full-blown court battle; even if you and your spouse both want to do what’s best for the kids and minimize fighting, more time and money will go into a divorce where kids are involved.
How Much You & Your Spouse Have In Terms Of Assets
The wealthier you and your spouse are, the more expensive your divorce is likely to be. If you have a lot of marital property - particularly if you have complex assets (like real estate investment properties or off-shore holdings or stock in private companies, for example), dividing these assets equitably can take longer to do. Experts may need to be brought in to inventory/appraise the assets and make recommendations. Considerable debt can increase the cost to get a divorce in Colorado for the same reasons.
Where You Live In Colorado
In most situations, divorce usually results in one or both partners moving out of the previously shared living space. Renting a new place until the divorce is finalized on just one income, and then renting or buying after that, can be a heavy financial burden, particularly with today’s competitive real estate prices. Colorado also has one of the most expensive markets in the nation. However, not everywhere in Colorado is equally expensive when it comes to costs of living; if you live in Denver, Colorado Springs, or another big city, your divorce is probably going to cost you more than if you live in a smaller town or suburb, for example.
How You & Your Spouse Were Insured
This is one of the frequently overlooked costs in a divorce; while it is more of a “life after divorce” cost, it is still something you need to consider. If you or your spouse were on each other’s health insurance, vision insurance, dental insurance, life insurance, or other type of insurance policies, ending your marriage will likely mean losing that coverage. You may have to purchase new policies, which could cost you hundreds of dollars per month.
How New Leaf Family Can Make Your Divorce More Reasonable
Most divorce firms in Colorado start the process of working with clients who are thinking about getting a divorce or who are in the first stages of a divorce by telling them what the firm can do for them, then asking them to spend large amounts of money to achieve the lawyer’s vision. However, this may or may not be what the clients actually want. When the dust settles, the clients may find themselves tens of thousands of dollars poorer and also dissatisfied with the outcome.
That’s why New Leaf Family takes an entirely different approach! Our main goal is to empower you to make the best decisions for yourself and your family. We take the time to get to know you and to explain all of your options; everything we do for you is guided by what you want your life to look like. In some cases, this may mean taking some steps to resolve your relationship conflicts and not pursue divorce at all. In other cases, this may mean collaborating with your spouse to choose how your divorce will unfold. And in others, it will mean advocating on your behalf in court for your best interests.
We do everything in our power to avoid high-conflict, high-cost divorce battles, but we’re not afraid to stand up for you if you and your partner can’t agree. Unlike many Colorado divorce attorneys, who charge by the hour, we charge affordable, predictable monthly fees. You don’t have to worry that you will get an out-of-the-blue bill that’s ten times higher than what you expected or were led to believe. Regardless of how much work we are doing for your case, we will tell you from the start how much you will pay each month for our services. This can cut down on your financial worries! Working with our firm isn’t “cheap”, because we want to provide the level of excellent representation and legal guidance we strive for, hiring us is affordable for most Colorado residents.
Contact Our Colorado Divorce Firm Today
Wherever you’re at in the divorce process, you can call New Leaf Family today for free and inquire to see whether we may be a good fit for you. We’ll be upfront and obvious where we reach the stage where fees are expected! Your inquiry will be completely confidential, and we can explain what we can do to help you. We may also be able to give you a better idea of how much your divorce will cost! Call today to learn more and get started.