One of the issues that many people face during divorce is the very real scenario where they earn significantly less than their spouse. Since they have relied on their spouse’s income, they may feel frustrated with divorce, because they know that they cannot pay as much for an attorney or cover as many expenses without support.
In a high asset divorce, it’s important that you understand if you can get spousal support, which assets you may be entitled to and to clarify custody concerns if you have children. Your attorney should work with you to determine your current budget as well as what you’d like to get out of your divorce if you have the opportunity.
Are you worried about being outgunned during divorce?
Instead of being worried about how much money your spouse can spend on divorce, it’s better to look at what you want and need from your marital assets and to put steps into place to make sure you can have a fair shot at those assets. Laws and guidelines make it so that one spouse shouldn’t be able to control the outcome of a divorce, but if you do need to litigate, your attorney can help.
Usually, people don’t have to compromise as much as they may expect. While you may be worried about how much your spouse will spend on the divorce and if they’ll try to win by outspending you, they may instead be thinking about settling to avoid unnecessary expenditures. Every situation is different, but your attorney will discuss the options with you and negotiate with your spouse. The hope for most people is that both parties will come to an agreeable solution, so that they can walk away as satisfied with the divorce decree as possible.
Getting what you need out of your divorce doesn’t necessarily mean spending as much money as possible. There are methods that can be used to help you negotiate and get the compensation and assets you need, so that you can move forward with your life without this stress. The legal process is there to help protect you as a lesser-earning spouse.