Financial Divorce Concerns
If you’re going through a divorce, you may be having financial divorce concerns. It is completely normal to be worried about these things, and our experienced attorney can guide you through your worries.
Financial Divorce Concerns | Cost of a Divorce
The cost of a divorce is going to vary depending upon whether it’s a complicated case and whether there are lots of issues. Your attorney can offer some flexibility in payments. Many other attorneys in New York don’t offer flat fees. There are many divorces that can be resolved quickly and having a flat fee can be a good option that an attorney can offer. What that does is, allows clients to have the confidence in knowing what the price is going to be. They would not have to worry about unexpected fees and expenses and can call their attorney anytime they want. It eliminates the concern of running up their bill because of a question they would like to have answered. Some cases are inappropriate for a flat fee and would need to do an hourly rate. Those cases are typically complicated cases that involve more issues that would possibly take longer to resolve.
Financial Divorce Concerns | Divorce Retainer Fee
Divorce retainers run at different price points for different types of clients. In cases such as uncontested divorce, the retainer may be $1,000. If the divorce is going to take more time and commitment to the issues that need to be resolved, a typical retainer could be $2,000.
Financial Divorce Concerns | Payment Plans for a Divorce
Many people don’t have the ability to come up with a huge amount of money right away and might need some help with the payment plans. Payment plans can typically run from as little as $150-$200 a month to around $400-$500 a month depending on what the fees of the divorce are going to be. This will vary case to case and by attorney.
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Financial Divorce Concerns | Calculating Spousal Support
New York State now has a formula in order to determine how much spousal support, if any, someone would have to pay. It’s going to depend on each spouse’s income. Generally, if there’s a great difference between the incomes, the spouse who receives less would get spousal support and the other spouse would pay it. If incomes are relatively close, then more than likely, no one will have to receive or pay spousal support the factor a court would look at is if it was a short term marriage, there may not be a need for spousal support.
Do you need the help of an experienced Rochester divorce lawyer? Michael Schmitt can help you with your financial divorce concerns. Please call today for a free consultation.