Most people try to avoid divorce at all costs. After all, divorces are stressful and emotional. They are also very expensive. In fact, the average divorce costs around $15,000.
The divorce rate is decreasing, which is good news for Americans. In 2017, the rate was at 35%, down from the 50% that has been the divorce rate for many years.
Regardless, the cost of a divorce is on the mind of many couples, young and old. The average cost is about $15,000 per person. This price includes attorney fees, court filing costs, mediation fees, parent education classes, psychiatric evaluations, guardian ad litem fees and other costs.
It’s important to understand that the cost could be a lot higher. Given that not all divorces require all these fees, it could also be less. There are many factors that determine this.
Divorces vary on a case-by-case basis. No two situations are the same. Your location, whether or not there are children involved and the amount of property you have can all affect how much your divorce will cost. The lawyer you hire, how long the divorce takes and how much you intend to fight over the property will also affect the cost. A short-lived marriage with no kids and very few assets will cost much less than a high-asset divorce with kids and parents who cannot agree on anything.
To break things down even further, here is what you can expect each item to cost:
A divorce can be a costly proposition. It could cost you $15,000, or you could spend a lot more or a lot less.
The good news is that there are options to keep the cost down. If you are willing to compromise and divorce amicably, a Columbia divorce attorney at the Law Offices of Todd K. Mohink, P.A. can give you options that will save you time, money and stress. Schedule a free consultation by filling out the online form or calling (410) 774-5987. We have two offices to serve you.
7310 Ritchie Highway, Suite 910
Glen Burnie, MD 21061
30 Corporate Center
10440 Little Patuxent Parkway,
Columbia, MD 21044