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How to reduce legal costs in high asset divorces

High asset divorces, unlike other divorces, involve significant marital assets that are often accompanied by disputes. In St. Charles, Missouri, and across the United States, high asset divorces require thorough planning to ensure that each spouse obtains a fair share of the assets. Readers may be surprised to learn that even high-net worth divorces can be settled amicably and less expensively if sound advice is followed.

One reason why divorce legal costs are often high is because of arguments over parenting issues. Parents should try to avoid arguing over minor issues such as grandparents' visits and who is going to pick up the children from their activities. Such issues can be settled through peaceful negotiations if both parents focus on what is best for the children.

It is also important for divorcing spouses to avoid fighting over minor issues. Minor issues often require less attention than bigger issues and, therefore, do not require legal assistance. If both spouses argue over petty issues, it is likely that their divorce costs will go up.

Divorce, just like other legal issues, requires the cooperation of both parties involved. Divorce can be settled amicably and swiftly if both parties are honest about their finances and are willing to work together for the benefit of the children.

The outcome of any divorce case depends on the people involved. Divorcing individuals can create their own divorce agreement with the help of a legal professional. The divorce can be settled out of court or in front of a judge. If the couple cannot settle their divorce amicably, a third party may be forced to make important decisions on the couple's behalf.

Source: CNBC, "Getting divorced without breaking the bank," Susan Caminiti, Feb. 9, 2015

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