Getting divorced is never easy, even if you and your spouse are both in agreement that it’s for the best. Unfortunately, this can be expensive, as alimony and child support enter the conversation. However, ensuring you understand the hidden divorce costs that can cause additional stress is vital to staying on top of expenses. Keep reading to learn the most unexpected fees and discover how a Nassau County divorce attorney can help you protect your finances.
What Are the Most Common Hidden Divorce Costs?
While the upfront costs associated with a divorce are most commonly associated with alimony, child support, lawyer rates, and court fees, there are several hidden expenses that divorcing couples may not account for when preparing to separate.
For example, one of the most expensive fees associated with divorce falls on the spouse who moves out of the home or apartment. Generally, the cost of finding a new place to live can be expensive, as rent, utilities, and insurance on apartments can be expensive. Similarly, furnishing a new home can be costly, even if the furniture is purchased secondhand.
Another expense many do not consider is how pricey it can be to separate your plans and accounts. For example, if you are a dependent on your spouse’s insurance plan, you are now responsible for paying for your own plan. Though you may have this opportunity through your employer, a portion of your paycheck still goes to your health insurance and does not cover the out-of-pocket expenses related to healthcare. You may also have to pay for your own phone plan and car insurance while refinancing a car loan you co-signed with your spouse.
Can an Attorney Help?
While these can be pricey hidden fees, by far, the most expensive cost associated with divorce is an incompetent attorney. If your lawyer is not familiar with family law, they may not be able to help you get the best possible outcome, meaning you’ll pay big time through exuberantly high alimony payments or relinquished assets.
Instead, finding an attorney with the necessary experience to protect your assets is crucial. It’s no secret that divorce can be expensive, even without the hidden costs. Letting a dedicated lawyer guide you through the process is vital to saving as much money as possible during this stressful time. While they may not be able to help get the rent in your new apartment paid for, a lawyer can help ensure that you do not have to relinquish more assets than necessary during the distribution of your assets.
At Barrows Levy, our dedicated legal team will work tirelessly to help you achieve the best possible outcome. We will focus on the legal process, which allows you the necessary time to heal from the overwhelming emotions of divorce. Contact us today to learn more about how we can assist you.