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The Real Cost of Divorce

November 16, 2014  |   Posted by :   |   Blog

According to research conducted by life insurance firm Aviva, the cost of legal fees has dropped by approximately £500 since 2006. However, the overall cost of divorce increased from £28,000 to £44,000 in the same period – a rise largely due to the ‘hidden costs’ of divorce, such as moving house, child maintenance, redecorating, or taking a post-divorce holiday. One in eight respondents of the survey said they spent money on treating themselves following separation, for example: new clothes, makeovers, holidays, cars, gadgets, entertainment and gifts. This extra spending also included self-improvement efforts like therapy, life coaching, learning a new hobby, and ...

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