BUDGET CONCERNS AND LITIGATION

Making The Monthly Calculation For Household Expenses

Any type of law suit carries with it the risk of high costs. This is especially true when emotions between the parties run high, as is so often true in divorce or child custody cases, as the strong emotions can often lead to prolonged litigation. Keeping your budget concerns in mind while going through your divorce or custody case is an essential step.

Understand your priorities. You need to really decide what is the most important issue to you in your case. After all, it makes the most sense to focus your resources on what is most important. For example, if you decide that uncovering hidden assets is the highest on your list, it may be worth your money to hire a forensic accountant or a CPA to review financial documents and testify at trial. Alternatively, if you are involved in a heated custody battle, having a child psychologist involved in your case would be a better use of your money. Of course it is possible to hire any and all experts for your case, but very few of us have the unlimited resources necessary to do so.

Recognize that some litigation costs are necessary to get you the outcome you desire. Discovery is one process that seems lengthy and costly, but it is essential, as it allows your attorney to build a portfolio of evidence and find out what evidence the other side intends to use at trial. You will probably have to attend to mediation, which will be another cost, but could quite possibly lead to a settlement of some or all of your case, thereby ending or at least reducing your involvement with the court system.

Discuss your budget and resources with your attorney. Your lawyer is your greatest ally, and wants to help you. Your lawyer is in charge of developing a strategy for your case and for your trial. Knowing your budget will help your lawyer select the approach that fits in your budget. Also discuss your priorities so your attorney can help you target your resources at attaining your most important goals.

Stay calm. Keeping your cool can often lead to a quicker settlement, which obviously will reduce your costs. Staying angry and fighting over every issue will only keep you locked in litigation for longer. Settling the issues that you can will help speed the process and keep your legal fees lower.

We understand that clients have budgetary concerns in any case. Contact us today at (732) 479-4711 and we can talk about how to achieve your goals while maintaining your budget.

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