Difficulties in arranging for payment of ongoing fees can be very real, especially if the other party controls the family purse-strings. You may lack knowledge of your partner’s financial affairs and, if so, you may also incur costs obtaining the necessary information.

 

Ways to Pay

There are many ways to pay for legal fees.   At Stowe Family Law, we take our relationship with our clients seriously and will always advise you of all the available options for funding your case. These methods can include:

  • Existing assets, cash flow etc.
  • Credit cards (although these should only be used for short-term funding).
  • Loans from a bank, potentially secured against assets in which you have an interest. As a general rule, secured loans are cheaper than unsecured ones.
  • Loans arranged by your spouse and/or secured on assets owned by them.
  • An agreement with your spouse to use funds in their name or to extend the mortgage on your property for both parties’ benefit.

We can also introduce clients to lenders who are prepared to offer borrowing facilities to cover legal fees. In these circumstances, the money often does not need to be repaid until the case is over.  We do not specifically recommend any lender, but some clients have used Novitas in the past.

 

The divorce costs for both parties will be funded primarily from the assets they own and the income they generate. This is true no matter whose fault the divorce is and who wants to keep which assets. Therefore, the total value of the assets to be divided between you will be reduced by the total amount of costs you both incur.

Get in touch today to discuss how we can help you.

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