You’ve met the love of your life, bought a house, settled down, maybe had children… somewhere along the lines, your finances became one. While it’s true that not all couples join their finances, the vast majority do in one way or another. After all, a couple is a unit.
So what really happens when a marriage is on the brink of divorce? Not only will you be going through emotional turmoil, but you’ll also lose a lot of money in the process. Divorces are messy affairs, so if you’re close to getting one, you should know exactly what’s going to wait on the horizon.
With today’s article, we hope we’ll help you understand the financial costs of getting a divorce!
When most people think about the cost of divorcing their partners, the first things that spring to mind are filing fees. How much you’ll pay depends on where you live, though in most states you’ll need to pay up around $50 to $200. In Mississippi, however, you could pay between $50 and $70 while in California you could owe $400.
Low-income filers could get their fees waived, though qualifying can be difficult and time-consuming.