The Long Story Short:
It depends. If there are not a lot of marital assets and debts to be divided and depending if there are minor children born of the marriage, a Separation Agreement can be basic and not break the bank. Typically, a $1,500-$2,500 retainer would be expected for a rather straight forward Agreement. If there are many marital assets and debts to be divided and an intensive financial analysis needs to be completed and custody, child support, and/or alimony need to be considered, then the Agreement will take more time to complete and thus, and a $2,500-$5,000 retainer would be appropriate for a more complex Agreement. The final cost is heavily dependent on how well the parties are communicating and negotiating.
The Long Story:
When either of you have decided that “it’s over,” you need to consider entering into what is commonly known as a Separation Agreement or Property Settlement and Separation Agreement. A Separation Agreement is a contract in writing between husband and wife that is signed and notarized. It may resolve all issues relating to child custody, child support, division of property and debt, and alimony. In North Carolina, you must be living separate and apart for one year in order to be granted a legal divorce. During that one year waiting period, you want to protect yourself from the actions and inaction of your estranged spouse. The best advice I can give you is to ignore everything you hear from your friends, neighbors and co-workers and seek the advice of an attorney.
For More Information Contact The Law Corner in Raleigh, NC
A Separation Agreement is a binding contract and usually the product of much negotiation and disclosure. If you are presented with a Separation Agreement, please have it reviewed by a Raleigh Divorce Attorney prior to signing. Contact The Law Corner at 919-424-8319 for more information or to schedule a consultation. In the meantime, please take advantage of the many North Carolina legal resources The Law Corner has made available to you so you may get the information you need to make the best legal decisions.
The Law Corner Divorce Attorneys in Raleigh can help explain the divorce process to you and help you with other divorce related issues including but not limited to, the following:
Qualified Domestic Relations Order (QDRO)
The Law Corner Attorneys help people all over Wake County to include the following areas: Knightdale, Wake Forest, Raleigh, Morrisville, Apex, Wendell, Zebulon, New Hope, Cary, Rolesville, Fuquay-Varina, Holly Springs, and Garner.