There is no doubt about it, getting a divorce is an expensive business. The average cost, according to Aviva’s Family Finances report, is £14,500 – which includes legal fees, child custody costs and changing homes. The report highlights how the cost of divorce has spiralled a further 17% since 2014 when divorces in the UK cost, on average, £12,432.
It doesn’t stop there. There are also relocation costs. Those wanting to buy a new property have to spend an extra £144,600, or £35,000 in order to rent somewhere.
Most people going through a divorce don’t have money to burn – unless of course you are Ant McPartlin of Ant and Dec fame, who is reportedly offering his former wife Lisa Armstrong a £31 million divorce settlement; half of his £62 million fortune.
So why are divorces so expensive? Legal fees are the answer.
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