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Divorce can be expensive, and often, the more you have, the more you stand to lose when splitting up. Fortunately, a good divorce lawyer like Eric Hannum can often help you keep the cost down or at least help you preserve key Middlesex County assets.
Life in Middlesex County, as anywhere in the orbit of New York City, is getting increasingly expensive. Home prices are constantly on the rise, and setting up your family here can feel like a lifelong accomplishment, at least until you seem to be at risk of losing it all because divorce looms on the horizon.
Divorces are often seen as expensive, and with good reason. The family often has to split virtually everything it has or assign it to one spouse or the other as evenly as the law requires. On top of that are heaped additional expenses like child support, alimony, and, yes, the cost of getting a lawyer to help you through it.
While the fees a good lawyer demands might seem like one more burden on top of a growing list, the truth is that working with the right lawyer is often well worth it. After 20 years of divorce experience in Middlesex County and throughout New Jersey divorces, divorce attorney Eric Hannum has become adept at finding ways to keep costs down and to protect vital specific interests.
Marriage implicitly involves the entangling of your emotional and financial life with another person. Untangling that emotional mess will always carry its own cost, but unless you were prescient enough to get an ironclad prenuptial agreement, it would also come hand in hand with an additional array of economic and legal burdens.
Unless you can come to a common agreement over how to separate each and every asset, including any increasingly valuable Middlesex County properties, you and your spouse will have to get a judge to decide for you. This division of assets is destined to make one or both spouses unhappy, and the arguments back and forth over it can be quite costly in terms of time and legal fees.
And none of that even begins to touch on the costs that come up if you have minor children involved. From running two separate households to paying court-ordered child support, divorcing with kids is perhaps the only thing more expensive than having them in the first place.
(732) 365-3299
Fortunately, at every stage of the divorce process, there are steps a good lawyer can take to reduce the costs associated, especially the impacts on assets and resources that matter most, whatever those might be for you.
New Jersey divorce law requires an “equitable distribution of assets” between you and your former spouse, but this is not nearly as simple as a 50-50 split. There is a lot of room for maneuvering and negotiation within the law as multiple factors need to be taken into account, from the financial contribution of each to your respective incomes and earning potential.
Additionally, what ends up mattering the most to the court is the overall distribution rather than the division of each asset. This means that with careful negotiation, your lawyer can make sure the elements that are most important to you are kept. For example, if you are a fireman with a pension that is at risk, your divorce lawyer can help insulate.
When one spouse has an economic disadvantage after the divorce, the court may require alimony to be paid. Similarly (and sometimes concurrently), if the other parent has most of the childcare costs and custody time, the court can require child support payments.
While child support is often fixed by state laws and difficult to negotiate around, changing up custody arrangements can sometimes get it reduced. Alimony, on the other hand, is not cemented in New Jersey law, so Middlesex County couples can negotiate alimony arrangements up or down, which means if you have a high income and want to preserve assets, additional alimony may be a way to keep certain properties, for example.
Often, the highest cost of all in divorce, however, is the expense of going to court. Lawyers' fees add up quickly, and between all the investigations, depositions, testimonies, and more, those costs quickly add up for divorce litigation. Most couples will be best off never having to go before a Middlesex County judge if they and their lawyer can help it.
While it is not in the short-term best interest of any lawyer to guide their clients to a cheaper solution, any lawyer who wants to stay in business as long as Eric Hannum knows how important it is to guide clients toward cheaper solutions. That is why he will help you avoid court entirely whenever possible, using independent negotiation or mediation to resolve disputes when they do emerge.
Staying out of court has the added advantage of maintaining greater control over the decision-making process, which makes it far more effective at protecting specific assets and interests than leaving the final decision in the hands of a judge.
This approach and his extensive experience handling Middlesex County divorces in and out of the courtroom make Eric Hannum a popular lawyer for handling divorces when money or other assets are on the line.
(732) 365-3299
Eric Hannum | Worried about the cost of your New Jersey divorce or the fate of your Middlesex County property? Call a divorce lawyer who knows how to get results.
Do not let fear of the divorce process keep you from getting free and moving on. The emotional cost is only going to grow with each day you wait, and the financial cost may as well, especially if, by acting sooner, you can improve your chances of a cooperative divorce with the help of a skilled lawyer.
In Middlesex County or anywhere else in New Jersey, you can call divorce lawyer Eric Hannum for results-oriented assistance that will prioritize your objectives while keeping the overall cost and price in mind.
To schedule a consultation to see how Eric Hannum can help you through your divorce, call (732) 365-3299 or reach out online.
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