According to the Wall Street Journal's recent article:
Keeping Finances Afloat During a Divorce

FAMILY FINANCES - JUNE 28, 2009
By ANNA PRIOR

"Mediation is another potentially money-saving option. Couples reach an agreement with the help of a divorce mediator. A lawyer then writes up the agreement for the couple to sign and take to court, says Lee Borden, a divorce mediator who runs DivorceInfo.com. To find a mediator, he says to consult the Association for Conflict Resolution (acrnet.org).

Be cooperative and realistic. Now more than ever it could pay to compromise.

"The cheapest way to divorce is to be cooperative with each other," Mr. Borden says. A cooperative divorce likely will result in smaller legal fees -- and it allows for more creative solutions regarding the division of assets and child or spousal support.

One example where a compromise may be needed: private school for the children. "If money is limited, to come in and seek private school is just a waste of time and energy," says Mr. Adelman. "People need to be realistic about what the courts can and will order when there are limited finances."

To Read the full Article go: HERE


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