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A Guide to Financial Planning for Divorce For most people, their wedding day is the first day of a marriage that will last a lifetime. Unfortunately, that isn’t always how marriage plays out, as roughly 30% of couples between people 20 years of age and older end up in divorce. When a marriage ends, it is often at great emotional and financial cost. Although the emotional toll of divorce is to be expected, the financial consequences might be higher and more complicated than some realize. The cost of obtaining a divorce, for example, can be as much as $20,000 or more. These costs include hiring an attorney and complications involving finances. These complications are often associated with the divorce settlement. Various parts of the settlement can be costly and difficult for both parties to agree on. Although one’s financial responsibility regarding the settlement terms is often court-determined, it is important to understand what they are and what to consider when filing for a divorce. This article will be continued in the upcoming posts, stay tuned!