Archive for the ‘Divorce Costs’ Category
The high divorce costs that leave many newly single people reeling after a split can be limited by pursuing an alternative method of ending a marriage, as the traditional split by way of a judge is not the most practical choice in 2012.
Although this method may have worked when the courts had enough resources and less people were getting divorced, the high number of failed marriages and limited funding for the judicial system has made the traditional means of ending a marriage outdated and archaic.
Making the decision to end a marriage in an alternative method than a courtroom split is something that many couples are now considering. The clogged court system and resulting high costs have motivated many to pursue a different path.
A lot of the stress that comes with ending a marriage can make the process even more painful that it already is, negatively impacting the lives of all people involved in the situation. Even though children are without fault when it comes to a split, they often are dragged through a difficult divorce.
Remaining financially stable during a split is often difficult, many times due to the high divorce costs and resulting attorney fees from a prolonged process for ending a marriage.
According to an article in the Huffington Post, there are a number of ways that individuals can remain solvent during the process. One of which is to limit the amount of money that is charged to credit cards, as purchases need to be monitored due to the high costs for attorneys, court filing fees and transport costs.
A divorce can have a significant financial impact on both parties who are involved, as the cost of the process alone can wreak monetary havoc on each individual.
According to an interview with personal finance expert Jean Chatzky, people who are looking to split need to get their finances in order prior to making any significant decisions. Money should not influence a person to feel one way or another, but an examination needs to be done in order to provide a soon-to-be divorcee with some idea of what they need to do following the split.
Many couples will split the various monetary and parental duties that exist during a marriage, but this can leave one individual completely unprepared to look after their financial situation when they get a divorce.
According to an article in the Huffington Post, when a divorce is filed, it can sometimes come as a shock to one of the people who are involved. This can leave them lost when it comes to dealing with their finances, increasing the stress associated with an already-expensive split.
California's chief justice recently warned that hundreds of millions of dollars in budget cuts to the state court system have led to a number of potential delays in the administration of justice, The Associated Press reported.
According to the news outlet, Chief Justice Tani Cantil-Sakauye said that the state's judicial branch, has been hurt significantly by the cuts, as more than $650 million has been dropped from the budget. This has led to the closure of courtrooms and clerk's offices in 24 counties, along with staff layoffs and reduced hours.
Divorce rates doubled among adults ages 50 and older from 1990 to 2009, according to a study by Bowling Green State University. Though ending a marriage is never easy, splitting with a partner of many years can be especially difficult, Fox Business reported.
According to the news outlet, the two main factors that exist in any divorce relate to money and children. Though they are older, baby-boomers who are looking to split may not have as strong of a control over these two things as many people would think. Financial matters often become much more complex for these individuals, as being together for a long time can lead to a higher level of confusion.
It is important for people who have gone through a divorce to give off the appearance of being happy, especially when they have kids who will be seeing them living on their own. The New York Times reported that a new apartment should be reflective of someone who is moving on, not stuck in the past.
It is not easy for everyone to hire an interior decorator who will transform their new residence, as some individuals may lack the financial resources to employ such a high-priced specialist.
While the weak economy is putting more stress on marriages, it has also helped to increase the cost of a divorce. Ending a marriage is difficult enough, but the rising amount of money needed to get a split has deterred some couples, The Oxford Press reported.
"The demand still is out there, just a lot of people don’t have the money," a divorce attorney told the news source. "In a time when people have less money, it costs more to get it done."
A divorce can often leave both parties feeling lost and confused, but the individual who relied on an ex to decorate the residence may be especially challenged when it comes to putting his or her life back together.
The Globe and Mail reported that some people struggle with the idea of creating a new "nest" or bachelor pad after they end their marriage, but this may be necessary to help them move on after the split.