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What are the expenses of a divorce?

On Behalf of | Aug 29, 2019 | Divorce, Uncategorized |

Going through a divorce in Georgia is bad enough without having to think about how much it will cost. However, you have to plan ahead and make sure that you can afford to do it. Not only that but you need to plan for after the divorce as well. Business Insider explains the average cost for a divorce is $15,000. Of course, costs could be more or less depending on many factors, such as how well you and your spouse can negotiate. The longer your divorce takes, the more money you will spend.

It is important to understand that if you share any finances, you cannot go for a simple and quick uncontested divorce in this state. This means you can expect the divorce to take at least a little time as the court works out who owns what and who gets what. In addition, if you have a mortgage or a vehicle loan together, you will also have to work that out, which will add expenses if you need to refinance.

Some costs you may not even consider, such as finding a new place to live and moving costs. You may have to buy new appliances and furniture when you move, too. There are even added expenses from removing yourself from joint accounts, such as your cell phone plan or insurance. This increases your monthly expenses and adds to the overall cost of the divorce.

There are also the typical fees for an attorney and anything the court charges. It all adds up fast. This information is for education and is not legal advice.