Getting divorced is the second most stressful life event a person can experience, and it’s second only to a parent experiencing the death of their child. Divorce is stressful for many reasons one of which is the financial impact it has on everyone.
A common question that people ask us – sometimes before they even schedule their initial consultation- is, “How much will this divorce cost?”
Attorneys are not allowed to “advertise” their fees so it would be improper to outline that information here.
At your initial consultation, though, we will discuss the financial aspects of your case and our fees so you can decide how you want to proceed.
When you engage the services of an attorney, there are two ways in which fees are handled- hourly fee or contingency.
Generally, we charge an hourly fee in family law cases. You will pay an up-front fee called a “retainer.” A “retainer” is a lump sum amount of money you deposit with the law firm out of which we will pay the costs, expenses and attorneys’ fees associated with your case.
In any case, the initial retainer is not meant to be an estimate of total legal fees for your case. It’s also not a flat fee.
Each month, you will receive a statement showing how much is in your account, what fees, costs and expenses are being deducted from it, and how much remains. As the account nears depletion, you will be asked to pay an additional amount to replenish the account.
When your legal case is completed, any funds remaining in your account will be returned to you.
If you have questions about the financial impact of your divorce on you, do not hesitate to call us at Rostad Law, LLC.