Divorce involves multiple unexpected expenses beyond legal fees, including emotional, housing, and financial costs
When going through a divorce, couples often encounter numerous unforeseen expenses that extend well beyond basic legal fees. Understanding these hidden costs is crucial for proper financial planning.
- Emotional support costs: Counselling, therapy, and mental health services for both adults and children
- Housing expenses: Temporary accommodations, moving costs, new furniture, and household setup fees
- Financial adjustments: Refinancing mortgages, property assessment fees, and tax implications
- Administrative costs: Document preparation, credit report fees, and account separation charges
- Long-term impacts: Insurance policy changes, retirement account divisions, and potential child-related expenses