How to avoid whittling away your assets pool on legal bills

Your pool of assets often holds a lot of value, so it’s important to consider how you can best maintain its worth. Here’s some key strategies to keep in mind.

Assets

How to avoid whittling away your pool of assets on legal bills

One way to avoid whittling away your valued assets pool? Settle! However, that may be easier to say than it is to action, dependent upon the issues involved and the personality profile of your former partner.

In fact, the vast majority of people will settle their family law matters. The amount that you and your former partner will spend in legal fees will be influenced by a number of factors. However, it is generally true that the longer your matters remains unresolved, the more it is likely to cost each of you and your former partner in legal fees.

Settling sooner rather then later then may well result in considerable savings to you.

It may be more difficult to settle where the issues involve your children and their living arrangements but you should still consider the areas where you are willing to compromise with your former partner.

If you having to make a property settlement with your former partner, it is useful to bear in mind what are your likely costs if you are obliged to pursue your matter through to a court action.  You should take those likely costs into account when considering what offer you may be willing to make to settle the matter with your former partner.

For more information about property settlement and maintaining your pool of assets, see here. Or, you can contact our experienced team of lawyers today for a free 15 minute consultation.