Archive for November, 2013

What is the Cost of a Collaborative Divorce?

Thursday, November 21st, 2013

Although each divorce case is unique, in New Hampshire we are finding that the full team Collaborative case averages around $9,000 – $10,000 per party. This includes all lawyer’s fees and fees for the Divorce Coach and Financial Neutral. If there are no minor children involved the costs can be lower and average more in the range of $7000 per party. Of course, the more the parties disagree over terms, the more expensive the divorce. And often, one person needs more attention from the professionals than does the other person. Also, if a business needs to be appraised, there can be an additional $7000 or so in fees for the appraisal.

 

Considering that a court-based litigated divorce, with dueling experts and a guardian ad litem, with motions, depositions, and a trial can run between $50,000 and $100,000 per person, if not more, it makes good sense to consider a Collaborative divorce process when considering your options. (T. Boone Pickens explained that he saved millions by doing his most recent divorce using the Collaborative process!)

 

It is not just financial costs that should be considered however: the emotional costs of doing battle rather than solving problems are impossible to quantify, especially where children (even adult children) are concerned.

 

The effect that fighting has on one’s stress levels can be measured in financial terms since many people lose productivity when they remain in this mode for too long. In our experience, Collaborative divorces take an average of four months to resolve with most cases over after just six meetings. Court-based divorces often remain unresolved for over a year.

 

If having control over your divorce matters to you and you would like to have your own attorney who is fully committed to settlement at your side throughout the process consider using Collaborative Law.

Lisa Forberg, Esq.

Lisa Forberg, Esq.

Attorney Lisa Forberg is a collaborative divorce lawyer with Forberg Law in Manchester, N.H. www.forberg-law.com