If you are preparing for divorce or are in the midst of your divorce, you know how emotionally taxing divorce can be. You may be experiencing an array of emotions such as grief, frustration and anger. While eve...
How Much Does a Divorce Cost?February 21, 2018 - Relationship Articles
Get answers to the following divorce cost related questions:
How much does a divorce cost?
The average cost of a divorce in the US is $15,000. While some divorcees cost as little as few hundred dollars, other have billions of dollars. The reality is that the cost of a divorce is dependent on various factors. Perhaps the biggest factor is whether your divorce is contested or uncontested. An uncontested divorce is when you and the person you are divorcing can reach an agreement regarding marital assets and liabilities. Conversely, a contested divorce is when you and your former spouse cannot reach an agreement on your own and require professional assistance. Uncontested divorces are less costly and need far less time to complete in comparison to contested divorces.
Additional factors that impact the cost of a divorce include:
- Level of conflict between you and your former spouse
- Divorce method used and divorce professionals hired
- Complexity of your case
- Length of your marriage
- Whether you have children
- If you or your partner are unemployed
- Number of jointly owned assess and debts
Divorce costs by divorce type
There are different types of divorce each with their own costs associated. It is commonly believed that lawyers must be hired during a divorce. However, there is no law that requires attorneys to be involved at any point during the divorce process. The way in which you proceed with your divorce will have the most significant impact on how much your divorce will cost and how long the divorce process will last. Take the time to research all of the divorce options in order to determine the best process for you.
- Do-it-yourself divorce – Average cost: under $100
The most cost effective divorce method is do-it-yourself. This divorce method typically costs under $100 dollars and is best suited for uncontested divorces. This process involves purchasing a divorce kit online, usually under $100 dollars, which include all of the forms and documents necessary for divorce in your state. If you want to save even more money, you can find these divorce documents online as many states offer them on their judicial websites. U.S. Legal Forms is a great website that helps you find your divorce package for your state with step by step completion instructions.
- Divorce by Litigation – Average cost: $32,700
Divorce by litigation is a popular divorce procedure, as many people feel comfortable working with experts during such a complicated process. The cost of this divorce method is dependent on which state you live in, the lawyer you hire, fee arrangements and the length of divorce proceedings. Lawyers will either have flat fees which can range from $200 to $1,500 or retainer fees that are influenced by their activity in your case. Lawyers can charge for:
- Client meetings
- Phone calls
- Responding to emails
- Composing legal documents
- Legal research
- Court preparation
According to attorney Diane Danols, the average cost of divorce by litigation is $32,700. As trials can last for years and legal fees can quickly build up, ensure that you understand exactly what your lawyer charges you for. Alternatively, you can hire a lawyer just to review your legal documents and answer any divorce questions you might have, which costs dramatically less than hiring a lawyer for litigation.
- Divorce by mediation – Average cost: $500 to $2,500
Divorce by mediation is a non-adversarial divorce process with a professional mediator who acts as a third party. The mediator will advocate for you, your spouse and children in order for everyone to reach a fair agreement. Similarly to a divorce lawyer, a mediator is trained to resolve divorce issues, but at a fraction of the cost of a lawyer. Mediators are also skilled in deescalating conflict and rebuilding trust between parties. According to attorney Diane Danols meditation can range from $500 to $2,500. This range includes the initial set-up fee, number of sessions held and any documents created.
- Collaborative Divorce – Average cost: $25,000 to $50,000
Collaborative divorce is a process that combines elements of divorce by litigation and divorce by mediation. You and your former spouse will hire your own attorneys trained in the collaborative process as well as any other desired divorce professionals such as financial experts, conflict coaches and child specialists. For this divorce process all parties will meet to negotiate a divorce agreement. Rather than the combative tactics used in court, cooperative techniques are utilized in collaborative divorce.
While you will be avoiding the expenses incurred in court, this divorce method can easily become expensive. In addition to your lawyer’s fees you will need to be paying all of the additional professionals you have hired. On average, the cost of collaborate divorce ranges from $25,000 to $50,000 depending on complexity, number of professionals involved and length of the process. If an agreement cannot be reached through collaborative divorce, you will likely take your case to court and incur even greater divorce cost.
How to finance your divorce
Regardless of the divorce method you pursue, you might be in need of additional funds. WP Diamonds can help you afford your divorce and prepare for your new life. If you are ready to let go of the past and part with your engagement ring, we can provide you with a competitive offer for the ring as well as any diamonds, high-end jewelry and luxury watches you have.
Our simple, discreet, secure and free service can quickly help you raise money to put towards your divorce. Get money in as little as 24 hours from filling out the online form. You can feel confident selling to WP Diamonds thanks to our A+ rating from the BBB, hundreds of positive reviews from customers and 100% trust guarantee.
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