Filing for divorce in Texas comes at a significant price. The process can be simple or complicated, depending on some factors. However, you can do a rough calculation of divorce costs by keeping several things in mind.
Both parties can keep the costs of divorce down with the help of a capable lawyer and an understanding of divorce laws in Texas. It’s possible to have it finalized for less than what’s considered the state average. Depending on your goals, the expenses in certain areas could be well worth it in the end.
What are the Costs of Divorce in Texas?
Legal fees are an important element when going through a divorce, and it’s understandable that they take a significant chunk of the budget. Next is the division of assets and property to both parties, and probable disputes over child support and child custody. Then there are filing fees and court costs, which could add up in the event that the divorce case is prolonged.
Legal Fees
To get the help you need at a difficult time, it’s recommended that you hire a Texas divorce attorney. With that guidance, you’ll need to pay legal fees. The fee can vary depending on how complex your case is, as well as the hourly rate. It’s worth noting that an uncontested divorce might result in lower costs. However, if there are disputes in asset division and child custody, the length of time could be longer and result in higher legal fees.
Division of Assets and Properties
Texas divorce laws typically divide assets between the two parties. Things can get complicated when deciding which is separate property and community property. Spouses can also disagree in terms of valuing businesses, retirement accounts, or homes. This can be fixed with the help of a financial expert and having the assets appraised by a forensic accountant.
Child Support and Child Custody Disputes
Child support and child custody also make up a significant part of the divorce process. The time spent alone in deciding who has custody and how much child support to pay could prove to be troublesome, but with the help of a family mediator or court intervention, it could be smoothened out.
Alimony
Alimony in Texas is not always awarded in every divorce case. There are a few instances, such as when one party has a significantly higher earning, or if they’re financially dependent. Agreeing on the terms such as the amount can equal a lower divorce cost overall.
Filing Fees and Court Costs
Court fees are part of divorce filing in Texas. It becomes higher if there are multiple hearings involved, or if one or both parties require expert testimony or mediation. Much like asset division and child custody disputes, the longer the case drags on the higher the total fees will be.
Get Help From a Divorce Lawyer in Texas Today
Divorce lawyers in Allen Tx are here to help. With our help, you can deal with the challenges and changes associated with divorce, including its costs, with confidence. Call us today.