White collar criminal defendants come in all shapes and sizes, of course, from multimillionaires to lower middle class. Some, such as yours truly, may have once been at one end of the spectrum but soon found themselves at the other through asset forfeitures, court-ordered restitution and the like. In any event, unless you happen to fall within the upper reaches of the upper 1%, you will find that, amongst all your other worries, the issue of money will begin to take prominence. After all, the worst feeling faced by any criminal defendant is that their family could fall into poverty or destitution as a result of their wrongdoing.
The worries will most likely start early in the process. Most of us have to work for a living and typically that living is made in someone else's employ. That employer, whoever he or she may be, will undoubtedly take a dim view of continuing to employ a criminal defendant. Unless you happen to be self employed or a master of concealment, the unavoidable result is that you will find yourself unemployed quite early in the interminable process. Because the process tends to drag on for so long, you will end up living off of savings.
Take the expense that first comes to mind: lawyer fees. As a former lawyer myself, I have witnessed client sticker shock many times. An hour here, an hour there. At hundreds, if not thousands, per hour, it adds up way too fast. Despite this, my advice is to go with the best that you can afford. It's only your life on the line, after all. In my case, the best that I could afford was nothing at all. And truth be told, it worked out alright. Just because you can't afford Williams-Sonoma doesn't mean that Ikea won't do. It's just that you may have to do more of the assembling and heavy lifting yourself. But at the lower end it's really the luck of the draw, which can be a risky path to take.
If you have a family, the question of how they will survive your incarceration financially will become of primary concern. If your assets are sufficient, then I congratulate you: this puts you into a fortunate minority and should ease your mind considerably. Or it may be that your spouse or other family members will be in a position to earn enough to support your family while you are away. Many of us are loathe to ask parents or siblings for help, but this is not a time to go it alone. Unfortunately, here, I don't have any magic bullets. It is an issue I am struggling with at this very moment and my unfortunate and unwanted conclusion is that my family will have to adjust to a new, poorer, reality.
Another financial issue to consider is that it does, in fact, cost money to survive in our prison system. Certain essentials, such as toiletries, flip-flops and the like, are not provided but must be purchased in the commissary. Some prisoners manage to survive without outside help by hustling or doing odd jobs for other inmates, but I've heard it is not the most pleasant existence. The maximum you can receive in the federal system is around $300/month. Whether or not you will actually need that much depends entirely upon your personal circumstances and proclivities. I, for one, plan to live on less. But the basic fact is that, if you can in any way afford it, you will want to put aside some cash to keep you in flip-flops for the duration of your confinement.
And now, you say, isn't that enough? Unfortunately no. I have gone through all the "mandatory costs" that come first to mind but there is one more. You may find yourself, as I did, considering whether or not to "splurge"on what many view to be a non-mandatory supplemental cost: hiring a prison consultant. In my view - and my experience - this really isn't a voluntary cost at all but an essential one, as important as hiring a good lawyer.
The unfortunate fact is that lawyers, despite their high fees, do not know everything, including those things you think they should know because they are so closely linked. Specifically, lawyers typically know next to nothing about prisons, parole, life behind bars, the sentencing process or the Bureau of Prisons, all issues that will come to concern you greatly. Just like with lawyers, you get what you pay for. The main thing is that you find a good personal fit, someone you trust. I did, and it really helped prepare me for what lies ahead. Unfortunately, prison consultants, despite their importance, are not seen by our system as essential, so it's not as if you can request the court to appoint one for you. If you can't afford it, I urge you to reach out to consultants and others in this white-collar community of ours. If your experience is like mine, you will find that there is more support out there than you expected. Just because we're felons doesn't mean that we're bad people, after all.