Click me

Divorce Happens: The unplanned expenses of marriage

DIVORCE HAPPENS THE UNPLANNED EXPENSES OF MARRIAGE a lot. While weddings are eagerly It may not be a cheery event, but divorces happen anticipated, no one thinks to budget for a divorce. The median age of marriage in the U.S. is 29 for men and 27 for women, according to the U.S. Census Bureau. By age 40, however, 18% of men and 23% of women have been divorced, which means it might be a good idea to see how you can save some cash if the unhappy event happens. $15,000 AN UNCONTESTED DIVORCE IS THE QUICKEST AND MOST INEXPENSIVE DIVORCE. AVG. TOTAL DIVORCE COSTS THE GOOD NEWS? IT'S ONLY HALF AS MUCH AS THE AVERAGE WEDDING ($30000, ACCORDING TO THE KNOT). Both parties agree to the terms and don't need help negotiating child custody, real estate, or alimony. In fact, these divorces can be do-it- yourself, and you only shoulder the small paper- serving costs and filing fee (from $52 to $409, depending on the state). 1/2 DIY DIVORCE KIT DIVORCE OPTIONS IF YOU NEED HELP REACHING A SETTLEMENT, HOWEVER, $$ THERE ARE MORE EXPENSIVE DIVORCE OPTIONS: MINIMUM COSTS OTHER COSTS $25,000 $5,000 divorce filing fee (varies with state) MEDIATION COURT PROCEEDING (TWO-DAY MINIMUM) If an amicable negotiation isn't an option, use a paper-serving costs (varies by certified mail or personal service) Make it quick: Dragging out a case means paying for more labor hours for your attorney. Play fair to expedite the process. mediator to reach a settlement and still fees of an early neutral evaluation, in which the parties study the issues with a professional before launching into negotiations avoid court fees. parent education classes $5,000 $3,000 Remember: Negotiations involving child custody, real estate, and businesses always add to the bill. FORMAL ARBITRATION COLLABORATIVE LAW NEGOTIATIONS Still can't reach an agreement but want to skip court fees? An arbitrator can make the decisions for you, and both parties are legally bound to the ruling. For amicable disputes, choose a collaborative divorce, which guides couples to intelligent decisions with few lawyers and no litigation. And don't forget moving costs! TIPS FROM THE KING "YOU'LL THANK ME VERY MUCH." "SEE YOU NEXT TIME." GeO ITCHED- Protect yourself early: Sign a prenuptial agreement to skip the expense and negotiating later. • Most attorneys charge by the hour; communicate via email, since reviewing an email takes less time than a meeting or phone conversation. BY ELVIS brass MONEYSIDEOFLIFE.COM July 2014 © brassIMEDIA RESEARCH & WRITING: Missy Lacock DESIGN & LAYOUT: Hali Kaelin THE MONEY SIDE OF LIFETM SOURCES:,,,,,,,,,,,,,, %24

Divorce Happens: The unplanned expenses of marriage

shared by halikaelin on Nov 13
It may not be a cheery event, but divorces happen – a lot. While weddings are eagerly anticipated, no one thinks to budget for a divorce.


Hali Kaelin


Love and Sex
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy


Click the code to copy
Customize size