Monday, November 27, 2006

Smart ways to save money in a divorce

I read a story from msnbc about how to save money in a divorce. Now we all know that divorces can get pretty expensive but where does all that money go? Here are some highlights from the article. Enjoy:

Down and Dirty:

"The average cost of a wedding is just under $28,000, according to Conde
Nast Bridal Group — double what it was 16 years ago. The average cost of a
divorce? "That's like asking how much a car costs," says John Crouch, a
law attorney who practices in Arlington, Va.

Divorce proceedings can range anywhere from several hundred to several
thousand dollars. Estimates on the average cost of a divorce in the U.S. range
from $15,000 to $30,000."

The eye opener:

"The simplest — and the cheapest — way of handling divorce proceedings is to do all the negotiating and paperwork on your own. Web sites like, and offer an array of information and services to assist you, from state-specific legal forms to downloadable divorce kits.

If your finances are simple, you don't have any shared debt, and you and your spouse can reach an agreement on custody arrangements, this may be an attractive option, and it will generally run you between $50 and $250. "

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