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Estate Planning

How to Make Your Divorce Cheaper

Divorce can be hard on your emotions and your wallet.Between lawyers, accountants, court fees, mediators, psychologists and buying and furnishing a new home, the bills can easily add up when splitting assets and negotiating children."You are already in a stressed mental state and have to put up with a legal process that moves very slowly," says Randy Michel, family law and estate planning attorney in College Station, Texas.To avoid coming out of a divorce in debt, once you start the proceedings, don't spend money you don't have, says Greg Ortiz, owner of law firm Ham & Ortiz. Create a budget and stick to it. As you go through the process, there are ways to save money, here's how to do it:Skip CourtGoing to court isn't the only way to get divorced and should be a last resort, says Randy Kessler, founding partner of law firm Kessler & Solomiany, adding that mediation or collaborative procedures are the two cheapest ways to get a divorce.Mediation can also give you more control of the out...

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