Perhaps you’ve heard: Getting divorced is expensive. In fact, there is almost no such thing as a cheap divorce. Whether you’re going to pay alimony or receive it, it’s probably safe to say that most partners ending a marriage will soon feel as if they’ve taken a financial beating. Even if the breakup is amicable, splitting assets isn’t pretty.
It’s impossible to predict how much a divorce will cost you. It’s kind of like a wedding, where you can spend tens of thousands of dollars – or go to the courthouse and have a few friends over in the backyard for burgers and hot dogs for a reception.
With a divorce, you can easily spend $15,000, but you may get by with spending a couple thousand or less. Everybody’s marriage and financial situation is different.
What’s important is that you and your spouse try to get along – and that before you hire a divorce lawyer or a mediator, you get estimates on what the costs will likely be.
“Generally, couples make their divorce more costly by…