Common Expenses In Divorce
While everyone understands that there are costs involved in getting a divorce, few realize what actually makes up these costs. Below are some of the most common expenses that are incurred by both parties in divorce proceedings.
Determining Parental Responsibilities
When it comes to divorces in which children are involved, certain additional costs will become necessary for the purpose of determining the best possible custody arrangement. These costs could include therapy sessions for children, time with mediators and parental responsibilities & parenting time evaluations.
Learn more about Parental Responsibilities and Parenting Time.
In addition to the hourly costs associated with hiring an attorney for a divorce, filing court documents such as motions and petitions will create additional fees that need to be paid. Especially for a prolonged divorce that runs into a series of complications over time, these expenses can become quite substantial.
Evaluating the current financial circumstances of both parties is one of the integral parts of any divorce. The purpose of such evaluations is to ensure that everyone involved in a divorce finds themselves reasonably financially secure once the proceedings come to a close.
Financial evaluations during a divorce are often performed by accountants, tax specialists and attorneys, who are in charge of gathering financial data and documents to create a full picture of a couple’s finances. These are just a handful of the most common expenses that people experience during a divorce.