Second Divorces Can be Costly

Divorces can be an experience that is hard and painful, but healing happens in time. For many however, the second round of divorces is showing that it may be financially a lot more difficult than the first split reports Reuters news. After the first split, the following divorces tend to be more financially straining for various reasons. One major detail being that in the second divorce, funds may still be coming in from the first divorce settlement; it is likely they may be fought over. Particularly in the event of the divorce being contested, the costs can be extremely high. Acontested divorce is considered to be the divorce that is settled in court because the spouses cannot come to an agreement on their own or with their personal attorneys. These disagreements are usually over child support, alimony and property division; which makes the divorce contested.

Another area that can be costly in the split is the loss of retirement benefits, depending on the state they too can be divided in the dissolution. Statistics according to the National Center for Family and Marriage Research at Bowling Green State University in Ohio show that within a one year period the overall divorce rate for those who have had one divorce is much greater. In this time period 17 out of 1,000 divorced after their first marriage and 24 of them divorced after their second marriage. The financial strain of multiple divorces can vary, but they can also be higher. As a result of the amounts of money that can be lost in a divorce, it is vital to have a strong legal representation that understands the laws of the state and that is willing to fight for you in order to receive the money that you deserve in your divorce. Contact Ellerin Hutchinson today for the legal counsel you need!