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Posted on in Divorce

DuPage County divorce attorneyA divorce is never easy. If your marriage is ending, you are likely to feel angry and hurt, as well as betrayed by the very person with whom you once wanted to spend the rest of your life. Emotions such as these may make you want to dig in your heels and fight against your partner over every little issue. Unfortunately, doing so will probably cost much more than you are prepared to spend on your divorce. There are, however, some things you can do to keep the cost of your divorce to manageable levels.

Where Costs Add Up

Some of the expenses related to your divorce are simply unavoidable, such as court fees. You may also experience additional costs in setting up a new place to live apart from your spouse. The bulk of your expenses, however, will come in the form of attorneys’ fees and fees charged by other professionals involved in your case. The more complex and contentious your case is, the more you will need to pay.

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Posted on in Divorce

Naperville divorce lawyersThe divorce process can be time-consuming and extremely expensive, especially if the proceedings drag on for many months or possibly years. In some situations, hiring a divorce attorney may be among a person’s largest expenses, but there are a number of other factors that can dramatically increase the costs of a divorce. While some people may be tempted to forgo hiring a lawyer, handling your divorce on your own can actually increase the cost of your divorce over the long-term, as mistakes made during the process could cost you thousands of dollars in property and support considerations. Fortunately, there are some other things you can do to keep control the costs of your divorce.

Communicate and Plan

While it may be difficult to tell your spouse that you want a divorce, most divorces involve spouses who are able to be civil to each other—at least at the beginning. Bitterness and acrimony tend to develop as the proceedings become heated. If, however, you and your spouse realize that a divorce may lie ahead, the two of you can start discussing tentative plans before filing your petition. By remaining calm, cool, and collected, you may be able to reach basic agreements regarding property division, parenting responsibilities, and other matters in advance, which can dramatically decrease the amount of work your lawyer and the court will need to do.

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DuPage County divorce attorneysIn this day and age, many people are always looking for tax deductions, but most do not think to look to the fees associated with a divorce to find them. Yet it is possible to claim certain divorce-related expenses as tax deductible, and the deductions can add up. Being aware of such possibilities can make a significant difference in your end-of-the-year tax bill.

Alimony

The Internal Revenue Service (IRS) Code clearly states that you may not deduct the cost of “counseling, litigation, or personal advice.” However, if you are a spouse seeking maintenance—also known as alimony—in a divorce there are some fees that you may be able to claim as deductions. If you incur fees such as filing fees while in the process of seeking alimony, you are able to claim many of them as miscellaneous deductions. The important thing to remember is that the claimed deductions related to alimony may not exceed more than two percent of the person’s adjusted gross income (AGI), which for most people is a fairly small number.

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