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Finances top stressor for divorcing couples

Divorce can involve many issues, from child support and custody to property division and alimony. However, a recent study revealed that financial concerns are the biggest issue for divorcing couples.

A study by Avvo revealed that for couples contemplating divorce the cost of the divorce was the top concern. The other major concerns indicated were property division, the length of time for the divorce to be finalized and alimony. The average divorce costs around $15,000. It is no surprise that cost would be a major concern. Interestingly enough, however, the study revealed that cost was the top concern across all income levels.

When a couple decides that divorce is the way to go, cost should not stop them from entering the next chapter of their lives. In order to cut down the expenses of a long divorce that goes through the litigation process, couples may want to consider divorce mediation. Mediation is a less expensive process that does not usually involve traditional litigation in a courtroom.

Mediation will involve the utilization of a neutral third party facilitator whose main goal is to make sure the needs and concerns of both parties are addressed. The facilitator will make sure that the environment is one in which there is open communication and a variety of problem solving strategies are employed. The ultimate goal of the mediation and of the facilitator is to create a settlement for both parties that will allow the individuals to feel secure and comfortable going forward with the divorce.

Source: The Huffington Post, "Divorce Study Indicates That Cost Of Splitting Up Is Top Concern For Divorcing Couples," Aug. 1, 2013

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