with Jim Stovall
Mediation can help curtail
high cost of getting divorced
Q: Divorces can be one of life's most devastating financial hardships. What's the average cost of divorce per each spouse?
A: Costs related to divorce vary a great deal depending upon a variety of factors including how willing the couple is to share information and work to resolve the issues. An average cost might be $4,000 to $6,000 per party.
Q: How can divorcing parties curb those costs?
A: Increasingly, couples are coming to mediation before initiating any legal action against the other spouse. Since mediation is not a replacement for legal advice, agreements reached in mediation may be reviewed by an attorney before being finalized. In most cases, mediation can turn a highly litigious, expensive divorce into an uncontested matter. Reaching agreement with the help of a mediator on all the issues including custody, property division and spousal support can easily save thousands of dollars. Individuals may seek out a mediator on their own or a court may order the couple to attempt to resolve matters in mediation.
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