According to a new study by Emory University, stress about wedding costs could be the beginning of the end for many marriages.
The couples whose weddings cost $1,000 or less divorced less often than couples whose weddings cost $5,000, $10,000 or $20,000. The average cost of a wedding today is $30,000. Couples whose weddings cost more than $20,000 headed for divorce court about 1.6 times more often than couples with $5,000 to $10,000 weddings.
Many young couples could already be struggling financially with student loan payments, and an exorbitantly priced wedding doesn’t have the long-term benefits that a college degree has.
No matter what the reason for divorce, it isn’t an easy thing for most people. It can be an emotionally difficult time, but one that is financially trying, too. If there are children involved, child custody issues can lead to long court battles, with both sides doing everything possible to gain custody. Spousal support issues can also add fuel to an already out-of-control inferno.
There are some ways to help keep divorce from turning your life into an extended battleground. Mediation and collaborative law can help in some cases, by keeping important divorce decisions like child custody out of the hands of a judge. The more property division that can be worked out between the spouses, the less the court will need to rule on as well.
The key to ensuring your rights and interests are protected during divorce is to choose an experienced divorce attorney. He or she can help you through this difficult time while helping you protect your and your children’s financial future.