2. Have Cash on Hand.
According to a survey conducted by Nolo, a legal resource, divorces cost, on average, $12,900 in the U.S.
You have to be prepared to help pay for all the legal and court costs, but don’t forget that there may be hidden costs waiting right around the corner, too. Transportation costs, changes in housing, utilities, child care, and home upkeep, to name a few, could skyrocket during a divorce, particularly if you and your soon-to-be former spouse have separated before the divorce has been finalized.
With the help of a financial adviser, make an honest appraisal of your current finances before beginning the process. Make sure you have enough money to stay afloat during the divorce.
1 thought on “Getting a Divorce? 6 Financial Tips to Keep You Going!”
All this is very informative, and deserves to be remembered. The one really big obstacle is the attorney, and his cooperation and HONESTY. My attorney and my former spouse’s were in cahoots with each other, and the way they handled this was to delay answers from letters that were sent, deny that letters were sent as they didn’t receive it, go on vacation for a few days, delay answering important mail, and anything else that could be a hitch in completing the job quickly and to the best of their ability. I guess these two reprobates learned how to make money, but never protected their client. My attorney, who had questions on the real estate, that went unanswered, called my real estate agent to get an answer, then billed me for the time. He was NO WINNER. This person was recommended by another attorney. Too bad I didn’t check out both attorneys from the beginning. I say that $40,000.00 was a lot of frivolous waste of my hard earned dollars. I only worked forty some years before deciding to divorce this narcissist, who died three years after the divorce was final. Too bad it wasn’t before that. BTW, I never found out the amount of how much the attorney for my former husband fleeced him for.