Can't Buy Me Love, but Divorce Could Cost $100K

Paperwork's cheap, but hiring lawyers, dividing real estate, finding therapy adds up
By Victoria Floethe,  Newser User
Posted Jul 6, 2008 3:30 PM CDT

(Newser) – In the current financial climate, getting unhitched has become all the more ruinous, Divorce360.com reports. Selling your home, hiring attorneys, shelling out for therapy, and finding temporary housing add up to a burly bottom line, with one attorney estimating that divorce "can run anywhere from $1,820 (uncontested) to hundreds of thousands of dollars."

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Many couples are opting for mediation to cut costs, or remaining in the same household until they can afford to split. The real-estate climate has become a sticking point: With property values low, one spouse buying the other's equity in a marital home isn't as difficult, "but paying the steep mortgages on your own is tough," a financial planner said. (Read more divorce stories.)

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