Costs of Divorce

Divorce’s Devastating Effects on Finances – Part 1

The U.S. divorce rate had dropped for three years in a row, dipping to its lowest mark in almost 40 years in 2016. However, the financial effects from divorce remain as devastating as ever. Depending on the state where you and your spouse reside, the average cost is from $15,000 to $20,000. If you are [...]

Five Critical Factors That Must Be Evaluated For a Positive Result

You can dramatically improve your chances of starting your new life on sound financial footing if you look beyond the divorce settlement and analyze the impact that your decisions will have on your finances in the short and long-term future. For example, the decision of who will own and occupy the family home certainly has [...]

By | 2017-08-04T09:31:02+00:00 June 20th, 2017|Budgets, Costs of Divorce, Women and Divorce|0 Comments

Coping with Your Divorce’s Financial Impact – Part 1

The greatest impact of divorce is typically its devastating effect on the family. However, divorce can also be devastating on family finances. Studies have found that spouses who divorce will have to generate 30% more income in order to maintain their lifestyles. Being knowledgeable about your obligations and rights is the best way to decrease [...]

Women and Divorce – Warnings from a Divorce Financial Analyst

Researchers for a University of Utah Report on Divorce cite the following statistics: About one in three women who own a home and have children at home when they divorce lose their homes. Three of four divorced mothers do not receive full payment of child support About one in five women fall into poverty as [...]

Divorce with a Financial Divorce Analyst™ is a no-brainer

Many times, Divorce Mediation can be the most cost-effective, lowest conflict, process of all of the divorce settlement options. Currently, the majority of divorce mediators are either mental health practitioners or attorneys who help couples make decisions regarding the legal, child custody, and financial issues of the divorce settlement. Certified Divorce Financial Analysts (CDFA™) [...]

Divorce Costs in Maryland – How to Get Your Own Stimulus

Depending upon the process that is used, divorce costs in Maryland can destroy a family's finances. Whether it's Mediation, Collaborative Divorce, or litigation, thousands of dollars can be wasted and paid to professionals prior to the creation and acceptance of a Maryland Separation and Divorce Agreement. Retained divorce professionals can help you significantly reduce [...]

Maryland Divorce Advice – Five Really Big Mistakes that Increase Costs

I have seen a recurring pattern in many Maryland divorce property settlement negotiations. Whether it is a Collaborative, Cooperative, Litigated, or Mediated case, these mistakes do nothing but delay the inevitable and increase the costs of the divorce. Holding on to the garden hose A divorce attorney told me about a case where the [...]

By | 2017-08-04T08:57:22+00:00 January 10th, 2012|Costs of Divorce, Divorce Negotiations, Mediation|0 Comments

Maryland Divorce Advice for Women
7 Tips to Avoid Financial Disaster

A Divorce in Maryland can be very expensive. It can leave either spouse at risk for financial disaster, including bankruptcy. Advance divorce financial planning will greatly improve one's chances of an equitable settlement. These practical measures can take to minimize your costs or, at least, keep them under control: Do not get stuck on [...]

Maryland Divorce Costs – Are They Negotiable?

The saying goes, “everything is negotiable.” I haven’t found that to be true when it comes to Maryland divorce costs. Prior to the economic decline in 2009, most divorce professionals, including divorce financial planners, would not negotiate their fee, and pretty much “the sky was the limit” for fees in highly contested, litigated cases. [...]

By | 2017-08-04T08:57:15+00:00 September 1st, 2011|Costs of Divorce, Divorce Fees in Maryland|0 Comments