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The financial impacts of a divorce in Connecticut

On Behalf of | Sep 6, 2019 | Divorce |

People whose marriages are coming to an end may have to dig deep into their pockets. Connecticut couples who are thinking about divorce may be interested to know that the average cost of a divorce today hovers around $15,000 per person, according to recent statistics. There are other considerations, too, besides the potential financial costs. 

There are primarily three issues to consider when considering the financial aspects of divorce: whether the divorce is amicable, how long the process may take and the choice of an attorney. There is no one divorce fits all and how much a couple will be out of pocket depends upon their individual circumstances. Much also depends on whether a couple is willing to work together to come to a mutually agreeable settlement to keep things out of court.

Going to court not only adds to the cost of a divorce, but also takes a whole lot more time. Statistics show that divorces settled out of court took about nine months, while those cases that went to court lasted more than 17 months. It is to both individuals’ benefits to keep as far away from a courtroom as possible when divorcing.

It is true, divorce can be a costly venture financially. However, there are also other costs associated with staying with a spouse with whom a person is no longer happy. Connecticut residents who have been thinking about divorce may wish to consult an experienced lawyer to get a better understanding of the divorce process and what that entails. There are other considerations to ponder — not just the financial aspect — and a lawyer can help a client to clarify what those are and how they affect his or her particular situation.