The Cost of Divorce...

By
Real Estate Agent with Surterre Properties

The divorce rate is down.  The reason should be no surprise....it's expensive.

Think about retainers and monthly billing from attorneys.  Then think about moving out and adding another lease payment to already mounting expenses.  What about liquidating assets and a home that has lost most of its value?

Bottom line here is that middle class couples who just can't get along any more cannot afford a divorce because of the legal fees, a complicated economy and the resulting economic fallout.

Oh yes...you guessed it - the wealthy tend to file for divorce regardless of the state of the economy.  And the very poor still can because they can't afford legal representation.  But I guess people can represent themselves in court?  That would be like watching Judge Judy on TV...

I hope couples can work things out because of this situation and it saves marriages.  Maybe some counseling rather than an attorney retainer?

Please weigh in on this one if you have a moment.

And thank you for making me Your Orange County Real Estate Connection.

Best regards.

Michael Caruso, Broker ABR ABRM CRB GRI

 

 

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Best regards,

Michael Caruso, Broker Associate ABR ABRM CLHMS CRB CRS GREEN GRI

Surterre Properties

Past President, Orange County Association of Realtors (949) 495-8600

 

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Location:
California Orange County Laguna Niguel
Tags:
economy
divorce
attorney
finances
counselors
court

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Rainmaker
142,381
Cristal Drake
Realtor - Fullerton Real Estate
Prudential California Realty

Funny, I kind of thought it might be the opposite. I know a few people going through divorce and I thought that it was because the straign of finances was partially to blame. It makes sense what you are saying though!

December 26, 2008 10:21 PM
Rainer
107,665
Karl Peidl
Accredited Loan Consultant

That's interesting.  I too would expect divorces to be on the rise as money is one of the top two reasons for marital problems. 

December 29, 2008 02:41 PM
Rainmaker
238,110
Angelia Garcia
Pure Realtors

I wrote about couples that were divorced but were still living together because they could not afford not to.

December 30, 2008 02:07 PM
Anonymous #4
Anonymous
Anonymous

I got married but my marriage is in legal limbo right now. Nonetheless, divoces seem to be up here in San Diego, especially among the rich and famous. They are making news left and right.

Best wishes for health, happiness, peace, and prosperity in 2009.

December 31, 2008 12:06 PM
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Rainmaker
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Michael A. Caruso

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