When it comes to navigating the financial complexities of a divorce, choosing the right payment structure for professional guidance is an important decision. At Alternative Divorce Solutions, we understand that every case is unique. That’s why we offer both hourly and flat fee billing options, allowing clients to select the approach that best suits their situation. But how do you decide which is right for you?
Let’s take a closer look at the advantages of each option and how we approach billing based on your specific needs.
1. Hourly Billing: Flexibility and Customization
Paying on an hourly basis offers flexibility, especially if your needs are straightforward or you have a clear idea of the scope of work you need assistance with. This option is ideal if:
You have a clear idea of what you need: If you’re further along in the divorce process or just need a financial review of an existing proposal. This may also include needing a specific service such as a pension valuation or separate property tracing.
Your case is straightforward: If your divorce doesn’t involve extensive financial complexities, hourly billing may be the most efficient and cost-effective way to receive the help you need.
You prefer to avoid hourly tracking: Some clients prefer the simplicity of a flat fee without tracking hours or worrying about extended consultations. This gives you peace of mind, knowing that all necessary services are covered for one set price.
We do our best to provide estimates upfront for hourly billing clients, so you have an idea of the total cost. We also provide updates as your retainer is close to being fully used and if we may go over the original estimate.
2. Flat Fee Billing: Predictability and Simplicity
Flat fee billing, on the other hand, offers predictability and a clear understanding of costs upfront. Flat fee billing is often a good choice if:
You’re early in the process: If you’re just starting your divorce and still trying to figure out what level of financial analysis you need, flat fee billing allows you to work with us from the early stages through the completion without concern about where your bill stands.
Your case is complex: If your divorce involves multiple properties, businesses, or complicated financial structures, the time required to gather and analyze this data can vary. Flat fee billing ensures that you pay for the time and expertise that you need without fear of asking an extra question and being billed for it.
Ongoing adjustments are required: Divorce cases often change as new information becomes available or negotiations shift. Paying by the hour gives you the flexibility to adjust the level of service depending on the complexity of the case as it unfolds.
3. Starting with a Conversation: Tailoring the Approach
Regardless of whether you choose hourly or flat fee billing, every case starts with a conversation. At Alternative Divorce Solutions, we take the time to understand where you are in the process, your specific needs, and the complexities of your financial situation.
For clients who are just starting out, we can guide you through the entire process, helping you build a solid foundation for your financial future. For those who are further along, we can offer a second opinion, reviewing proposals and financial settlements to ensure that all bases are covered.
4. Complexity and Billing
It’s important to note that the complexity of your case will affect how we approach your needs and, in turn, how we bill for services.
We work closely with our clients to ensure that the billing structure matches their specific circumstances and financial situation.
Conclusion
Choosing between hourly and flat fee billing depends on your unique situation, the complexity of your case, and where you are in the divorce process. At Alternative Divorce Solutions, we offer both options to ensure flexibility and financial clarity. Whether you need comprehensive ongoing support or a simple review of your financial situation, we’re here to help guide you through the complexities of divorce with confidence.
