The Financial Impact of Divorce

Jun 14, 2012
By Craig Guillot for Mint Life

Divorce is not only an emotionally trying experience, but it can be a financially devastating one, as well. According to the web site Maritalstatus.com, the average cost of a divorce in the United States now runs about $20,000. From legal fees and alimony payments, to the division of assets and possible tax consequences, the costs can grow even higher.

The expenses of a divorce are unlikely to deter a couple that truly needs to split, but experts say you should still be aware of just how high the bill can get. It some cases, the financial consequences can set you back decades. More

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