"How can You Manage the Cost of Your Divorce? - Three Steps to Ease the Burden"

As 140,000 or so married couples in England & Wales discover every year, breaking up is hard to do. With the average cost of a litigious divorce being put at £28,000, it can also be financially crippling. Fortunately, few need pay the multi-million pound legal bills and settlements that the media tells us about when the likes of Sir Paul McCartney and other celebs divorce. But dissolving any marriage frequently comes with steep financial costs.

Recent research by Norwich Union (now Aviva) revealed that failed marriages cost the nation a massive £4.3 billion - with almost two-thirds (£2.5 billion) being funded by the personal savings of divorcing couples.

However, there are steps that can be taken to ease the financial burden of breaking up.

First, manage your expectations of the law by focusing on settlement

An estimated 90% of divorce cases are settled without a final court hearing. And there is a good reason for that. One of the most costly illusions in divorce is that the court will take care of you. A wise and kindly Judge will right wrongs. But Justice is not an absolute, Judges are not all powerful. Judge’s decisions are rarely a win-win for both spouses. Instead, you are the one who can make the best decisions in your divorce.

Try and resist the impulse to have “your day in court” be the focus of your divorce. Instead, seek to work with your solicitor and your spouse towards a settlement without involving the courts. By first looking at your mutual interests, like your children, you might find you agree on more than you think. Sharp Family Law and other Family Law solicitors that I work with in Bath and Bristol have specialised knowledge on how to promote settlement out of court including family mediation and collaborative law. These settlements options provide affordable and high value outcomes for you and your family.

Most divorces are settled out of court. Don’t expect “your day in court” to be the solution for your future. Your future can be in your hands – not the courts

Second, manage your emotions by focusing on what is most important

Divorce is riddled with potential legal and financial complications. But how you let your emotions affect those complications can impact significantly on the overall cost of your divorce. You can help reduce them by having clear objectives from the outset. Discuss with your Family Law solicitor what you hope to accomplish, what results you can expect and what the costs might be. Have your goals top of mind at all time.

Divorce is an extremely demanding and painful experience. Emotions run high and the desire to vent feelings is strong. But don’t be tempted to use your solicitor as a sounding board for your complaints. Time spent in emotional communications with your divorce solicitor could impact the cost of your divorce. I try and help clients manage the emotions of divorce by working with Bath and Bristol based divorce coaches, counsellors and family therapists.

Have clear objectives and focus on what is and will be important to you and your family.

Third, manage your finances by having a plan

In addition to being a time of deep emotional distress, divorce is a business transaction. Try and think about it as a business deal. Get to know your financial situation. You will need to know what are your financial assets and debts, your monthly income and outgoings and any financial commitments. Make sure you have the papers about them. Be clear with your Family Law solicitor what he/she needs from you.

I work with financial advisors in and around Bath, who are recognised as specialists in handling the complex financial issues that face divorcing couples. These professionals help clients make informed decisions about their financial future.

Keep your emotions as far as possible from the financial and legal decision making processes.

And finally, every divorce involves three intertwined components – Legal, emotional and financial. How you manage all three, will determine the cost of your divorce.

Public Funds for Collaborative Law will help Courts become the Last Resort for more Divorcing Couples

"A Collaborative Family Law approach allows separating couples and their lawyers to sit down together to reach an agreement face to face in a much quicker, less traumatic process, that can provide a more satisfactory conclusion for all involved." so said Lord Bach, the justice minister in charge of legal aid, earlier this week.

The support from the Minister, for Collaborative Law, comes with the announcement from the Legal Services Commission (LSC) that it is to consult for the first time on whether legal aid funds should be made available to separating and divorcing clients who choose to use the collaborative law dispute resolution process.

In addition to the benefits voiced by the Minister, Collaborative Law is seen by him as a process that will help settle a divorce without going to court. "The breakdown of a family is an extremely distressing time for all involved, particularly children, which is why I am determined that courts should be the last resort. Sadly that is currently not the case, with only one in five legal aid clients experiencing a family dispute opting for the benefits that mediation can bring”.

It will still be 1st October 2010 before collaborative law is added to the range of process options funded by the LSC. But it would then give all families, whatever their financial means, access to the same range of dispute resolution options offered by family law solicitors, when faced with separation or divorce. With the extended range that is affordable to more couples, Lord Bach will be further towards ensuring that the divorce courts are the last resort for many more families working through divorce.