Divorce is a difficult decision, made even more difficult financial concerns. You probably have many questions about how divorce will impact your finances. In addition to wondering about how your assets and debts will be divided, you’re probably also wondering about how much the process of divorce costs. Below is a break down of different factors to consider when estimating divorce cost in Ontario.
Divorce Cost Factors
In our experience, the cost of resolving a family law matter is extremely difficult to predict due to several variables such as:
– The legal and factual complexity of the issues
– The level of conflict between the two parties
– The degree of involvement of the legal team in the case.
Divorce Cost In Ontario
In our experience, there are 3 typical categories of family law cases – each of which affects divorce cost in Ontario:
(1) Cases where the spouses are quickly able to agree on final terms of the settlement. This occurs in 25% of cases and resulting in an approximate range of divorce costs between $1,000 and $10,000.
(2) Cases where the spouses are able to reach final terms of settlement after the issues have been the subject of correspondence, negotiation or mediation but not litigation. This occurs in 25% of cases resulting in an approximate range of divorce costs between $10,000 and $25,000.
(3) Cases where the parties are unable to reach a settlement and are embroiled in litigation. This occurs in 50% of cases resulting in an approximate range of divorce costs from $25,000, and upwards over $150,000 in cases where a trial occurs.
Help in Your Divorce
If you are uncertain of the complexity of your case, the amount of potential conflict in your divorce, how much involvement you’ll need or have any other questions regarding your situation, consider booking a meeting with Steve Benmor.Share this article on: