Divorce can be an expensive proposition. In addition to the emotional costs associated with it, there are also financial costs to consider. Depending on how amicable the spouses are, their amount of divisible assets, whether there are children involved, the amount of attorney’s fees, and other factors, divorce in the U.S. can cost anywhere from $8,400 to $17,500. It is therefore important for spouses to consider the financial element of divorce when coming to a settlement.
For those who hired a divorce lawyer, the amount spent on divorce varies according to whether the person hires an attorney and that attorney’s level of experience. Another factor affecting the cost of divorce is whether the contested issues were settled out of court or at trial. Those who had no major contested issues in their divorce spend an average of $4,100, whereas those who go to trial on at least one issue have average costs of over $20,000. Time is also a consideration; typically, the longer a divorce takes, the more expensive it gets.
How Much Does It Cost to Get Divorced in Maryland?
According to a research study, the average cost of divorce in Maryland is $14,400. In addition to attorney’s fees, factors affecting the cost of divorce in Maryland include:
- Minor children: Couples with minor children will need to settle issues involving child custody and child support. When minor children are involved, the average cost of divorce rises to $21,000, according to the survey.
- Alimony: Disputes over alimony can drive up the cost of divorce due to the need for financial experts, vocational analysts, and other witness testimony. Divorces involving alimony disputes cost approximately $5,000 more than average, according to the survey.
- Property division issues: Spouses with a lot of property to be divided, particularly high-net worth couples, typically have a higher cost of divorce. Hiring financial analysts, tax professionals, and other experts contribute to the cost of dividing real estate, cars, and retirement accounts.
- Fault-based divorce: In Maryland, spouses may file for either no-fault or fault-based divorce. Those filing for divorce based on fault, such as adultery, cruelty, or desertion, may encounter higher costs.
Factors to Consider When Getting a Divorce
Spouses may want to consider several factors when getting a divorce, including the associated costs, their future financial needs, and the best interest of any children. Divorcing couples can significantly reduce their costs by coming to an out-of-court agreement between themselves. However, if they are unable to reach a compromise, couples may consider turning to mediation or enlisting the help of a lawyer to help them mediate their disputes.
Baltimore County Divorce Lawyers at Huesman, Jones & Miles, LLC Help Clients Navigate the Divorce Process
If you are concerned about the cost of your divorce, contact a Baltimore County divorce lawyer at Huesman, Jones & Miles, LLC. Our experienced attorneys can evaluate your case, help you navigate the divorce process, and represent your interests during mediation and in court. Call us at 443-589-0150 or contact us online for a free consultation.
Located in Hunt Valley and Towson, Maryland, we serve clients throughout Baltimore, Baltimore County, Bel Air, Bentley Springs, Columbia, Freeland, Hereford, Hampton, Westminster, Essex, Monkton, Sparks Glencoe, Parkton, Phoenix, Pikesville, White Hall, Carroll County, Harford County, and Howard County.