What Price Having Lawyers Battle For You?

What Price Having Lawyers Battle It Out For You ?

Lawyer fees (could be up to $600 an hour) at $450 an hour:

Initial meeting and information gathering         10 hours     =           $  4,500
Discovery                                                                          50 hours    =             22,500
Trial preparation                                                         100 hours    =            45,000
Pretrial motions                                                              30 hours    =             13,500
Court time                                                                          15 hours    =                6,750
Total                                                                                 205  hours    =       $  92 ,250

Expert Fees

Custody evaluator            40 hours at  $250                                    $10,000
Actuary                                 15 hours at  $200 (if you are lucky)      3,000
Vocational evaluator       20 hours at  $200                                         4,000
Deposition costs                                                                                               2,500
Lawyer for the child         20 hours at  $400                                          8,000
$27,500

Possible total:                                                                                             $119,750

Ditto for your spouse = $239,500 of your retirement, home equity, kids’ college money

The following five guidelines explain the legal basics of divorce:

* Most divorces are settled out of court in the hallways and cafeteria–after all of the above.
* Don’t expect the legal system (or a lawyer) to take care of you.
* Your future is in your hands — not the court’s.
* It’s easier to write laws than to enforce them.

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