How much does a divorce really cost? There are several factors, but reports have indicated that the generally accepted average is between $15,000 and $20,000. Essentially, you’ll be paying as much as you did to get married to divorce; maybe even more.
There are some options out there that are cheaper, but of course, those rely on your good relationship with your ex. For instance, there are places that tote a $299 divorce, but in those cases, you’d have to already know the terms of your divorce and only need a lawyer to sign off on them. That’s highly unlikely, which is why it’s simply not practical and not the norm.
Why are divorces so expensive? Consider all the things you have to work out. You’ll have:
— Attorney’s fees– Court costs– Mediation costs– Fees for evaluations of character if requested– Costs for parent education classes– Refinancing costs if you own a home– Deed feeds, if you change the deed of your home
It’s possible, some claim, to pay nothing for your divorce. Maybe the other party has to cover the costs, for instance. That’s not common, though. Another major factor is where you live. States vary, and those with higher living costs may actually have higher divorce costs.
How can you keep the cost of your divorce low? Know what you’re going to agree to ahead of time. If you can work out some of the agreement outside of the court or attorney’s office, then you’ll save some money. If you have a prenuptial agreement, that will also help the divorce move more quickly.
Source: Huffington Post, “How Much Does the Average Divorce Really Cost” Laura Seldon, Jul. 30, 2014