Factors That Can Contribute To the Cost of Divorce

Filing Fees

When you submit your petition for divorce, you will need to pay a filing fee. This is one of the initial costs you will face. The fees can vary from case to case and court to court. When you submit the paperwork for your divorce, you will need to pay this amount as part of the process. If you and your husband both desire divorce, there's a good chance you'll be able to negotiate a cost-sharing arrangement. This will reduce the amount of money you have to pay up front.

The Distribution of Property

The cost of divorce in Florida is significantly impacted by property division. Even though there might not be any costs associated with splitting up these assets, you may still lose things that have monetary value. If you can't agree on who will get some items, you might have to distribute them according to the divorce ruling. This might apply to items like your house or vehicle. In certain situations, you and your partner may have to sell a significant or expensive asset and divide the proceeds.

Bill Payments

With the sharing of assets comes the duty to pay the bills. You will also have to pay the bills for the house or car if you manage to win them. There are times when you may also have to settle credit card debt. This could mean that you need to look at your finances again and figure out how to pay the bills that you used to share with your spouse.

Child Support Payments

If you obtain a divorce and have children, there is a possibility that you could pay child support for those children. In the majority of situations, one parent gets legal custody of the children, while the other parent is given visiting rights and is required to contribute financially to the expense of raising the children. 

Payments for child support are often determined by taking into account the income of both parents. Whether you pay or receive child support, it can be a financial shock that takes some time to get used to.

Bottom Line

If you are considering seeking a divorce but are concerned about the overall cost of the process, you should get in touch with a reliable family law attorney. Your family law attorney should guide you through the steps to ensure that everything runs as smoothly as possible.

A divorce is difficult for everyone involved for a variety of different reasons. If you are aware of what to expect, you will be better able to plan for and manage the many changes that your divorce will bring.