Every year, there are almost 700,000 divorces in the US. While there are definitely ways to have a “happily ever after” with your partner, it just may not be on the cards.
If you find yourself joining the ranks of divorcees, or you’re considering it, then you’re probably looking into hiring a lawyer. Divorce attorneys aren’t cheap though, so you’ll want to know what to expect before diving in.
Keep reading to find out more about the divorce lawyer retainer fee and more.
The Average Divorce Lawyer Retainer Fee
The divorce lawyer retainer fee is basically a down payment for their services. Think of it as an estimate of how much their services will cost. This means that the retainer is deducted from the final costs.
On average, you can expect to pay between $3,000 to $5,000 for this fee. It should cover administrative and court costs, but not all lawyers will factor these in.
Do note that depending on where you’re located and how many divorce attorneys are in the area, you can encounter ones who charge as little as $1,000 and those who charge over $5,000.
Do All Divorce Lawyers Charge Retainer Fees?
Typically, all attorneys will charge retainer fees. This ensures that they can smoothly provide services for your divorce proceeds, especially if it goes to court. They know how to file a divorce efficiently, so you’ll definitely get your money’s worth.
For this reason, paying a retainer fee is actually an advantage for you. When you’ve got a lump sum out of the way, you won’t have to worry as much about future costs, as there shouldn’t be much leftover to pay once the divorce is done.
Are Retainer Fees Refundable?
Each legal professional will determine whether they have refundable retainer fees. Also, they may evaluate each case to determine if it’s reasonable to give you your money back.
However, have peace of mind knowing that in most cases, any leftover money is usually given back to the clients.
Other Divorce Fees and Factors to Think About
Many attorneys will charge an hourly rate. This can cost around $250 an hour; the exact amount will depend on where you are, as well as how experienced the lawyer is.
In addition, the more drawn out the process is, the more it’ll cost. This is especially true if you or your spouse contests the divorce.
Speak to a Divorce Lawyer Today
Ending your marriage and getting a divorce is never an easy task, even if it’s a mutual decision. By learning about things like the divorce lawyer retainer fee and other costs, it can be easier to navigate, especially if you have an experienced and reputable lawyer by your side.
So start researching your options and reach out to lawyers who seem promising. Schedule an initial consultation and see if they’re a good fit for you.
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