Uploaded on Dec 26, 2022
PPT on the cost of divorce in the United States
How Much Does It Cost To Get Divorced In The United States?
How Much Does It Cost To Get Divorced In The United States? Introduction • Although the U.S. divorce rate is declining, over 600,000 Americans get divorced each year, sustaining a more than $11 billion-per-year legal industry. Source: www.forbes.com 2 How Much Does a Divorce Cost? • The median cost of a divorce in the U.S. is about $7,000, but this is not a one-size-fits-all price tag. Source: www.forbes.com 3 Complicated contested divorces • The more complicated contested divorces— ones with disagreements around issues such as property distribution or child custody—can become significantly more expensive, often running up tabs well over $100,000. Source: www.forbes.com 4 Uncontested and do-it- yourself divorces • Uncontested and do-it-yourself divorces run much less, $200 or so if you DIY, $2,000 or more if you get legal help. Part of the variability is that procedures and fees vary significantly from state to state. Source: www.forbes.com 5 Important factors • Common important factors that affect cost include whether or not professional legal help is hired, whether the couple lives in an urban or rural area, the complexity of the couple’s finances and the involvement of child custody issues in the divorce. Source: www.forbes.com 6 Factor influencing divorce cost • Most important factor influencing divorce cost is whether or not a couple can agree on the terms of the divorce. The more contested the matter becomes, the more expensive divorce will be. • This is due mostly to increased legal fees for cases with challenging and time-consuming issues. Source: www.forbes.com 7 How Much Does a Divorce Lawyer Cost? • Attorney hourly rates remain the most common way legal fees are charged and are the biggest cost involved in a divorce. A flat rate billing is most common for uncontested divorce, but other alternative payment options may exist. Source: www.forbes.com 8 How Much Do Divorce Lawyers Cost per Hour? • In practice, hourly billing is often broken down into tenths of an hour so that clients are actually charged per six-minute period, though rates are still described on a per-hour basis. Source: www.forbes.com 9 Flat Fees and Alternative Fee Arrangements • Some lawyers charge a fixed or flat fee for a particular case rather than billing by the hour. While this is rare in some areas of law, it’s not uncommon with relatively simple, procedural cases like routine uncontested divorces, where lawyers can most easily estimate the workload. Flat fees are usually paid in advance. Source: www.forbes.com 1 0 Legal Assistance Organizations • For those who can’t secure full pro bono representation or afford LAR, there are other forms of legal assistance providing limited guidance for free, such as clinics with volunteer lawyers. One-time meetings are most common, but clients can ask specific questions and receive personalized advice. Source: www.forbes.com 1 1
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