The rumors are true. Madonna and Guy Ritchie are getting divorced. And it could cost Madonna up to $263 million, since the two did not sign a prenuptial agreement
That's big bucks, even for Madonna. That's why MainStreet wanted to give her (and you) some advice on how to reduce the cost of the divorce process. After all, divorce costs in this country can easily start at $50,000 for a typical married couple with two kids, earning $65,000-$75,000 a year and a house worth a little under $200,000, according to researchers at Divorce360.com.
By following these steps you could save up to $1,000, and who doesn’t need to save money in this economy.
(I would then come in on the actual steps and get rid of the top graphs)
While it isn’t a hugely reported trend yet, some county clerk offices in pockets of the U.S. are noting a dramatic drop-off in divorce filings this year. In South Florida, for example, the Miami-Dade clerk office has seen a nearly 18% drop in divorce filings from January through May of this year, versus the same period last year.
But there are ways to significantly reduce divorce costs to as little as $1,000. Here are some alternative strategies.
“This is a great alternative to a contested divorce,” says Brette Sember, author of The Divorce Organizer and Planner. In mediation, the couple attend sessions guided by a third party objective mediator whose goal is to help the couple find common ground and create a settlement in a timely and amicable manner. Sember says the cost can be about $5,000-$6,000. Couples can split the cost, since it’s a joint expense.