What to Know About Divorce Costs
Divorce is unavoidably a challenge, even in the simplest of cases. There will always be some financial and emotional turbulence to navigate, and in some cases those challenges can be extreme.
The potential financial uncertainty in the process can understandably cause a great deal of stress for people going through a divorce. So what can you expect from the financial end of things from the divorce process? Here’s a quick overview.
- Average cost: The average cost of a divorce is in the range of $15,000, but there are multiple factors that can significantly alter this fixture. For example, the complexity of your divorce, whether you have children, where you live and the level of contention in the divorce process all could influence your expense.
- Highest cost: Attorney fees will generally cost the most money, especially if you end up going through a divorce litigation.
- Savings opportunities: There are ways to save money in your divorce process. Alternative dispute resolution methods are almost always going to be significantly cheaper than litigation. These methods include mediation, arbitration, collaborative divorce and simple direct negotiation with your spouse.
- Hidden fees: There are some additional fees that people do not always think about until they arise. These include filing fees, the living expenses incurred during the divorce process, and various ongoing expenses such as child support and alimony that could arise.
For more information about the potential financial impact of your divorce and tips to help you get through the process, contact a trusted Long Island divorce lawyer at Solutions Divorce Mediation.