The average cost of getting divorced is $15,000 in the US — but here's why it can be much higher

Business Insider had a recent article highlighting how expensive the divorce process can be. It is a well written article, but extremely conservative in it's calculation of the true cost of a divorce. From the article -

“The divorce rate is going down in the US — in 2017, the CDC reported an average of 2.9 divorces per 1,000 Americans, compared to 4 divorces per 1,000 Americans in 2001. Of the more than 2 million marriages that occurred in 2017, exactly 787,251 ended in divorce — resulting in a divorce rate of 35%. Although fewer couples are getting divorced in recent years, the dissolution of marriages is still an issue on many peoples' minds. When it comes to getting divorced, many concerns come to mind— one at the forefront, however, is exactly how much getting a divorce is going to cost.

However, if you're looking for the average expenses of each element of divorce, they are out there. According to a recent survey by Bankrate, the average cost of a divorce in the United States is around $15,000 per person. This figure takes into account the following expenses associated with getting a divorce — court filing costs, attorney fees, parent education classes, mediation fees, costs for evaluations such as psychiatric evaluations or counseling, "guardian ad litem" fees, and other expenses that may pop up depending on your situation.”

The full article is here.

Want to talk about a Maryland Prenuptial Agreement? Contact us today.