Financing Your Divorce: The Cost of Separation

The Cost of SeparationWe all know how expensive weddings can be. The cost of the gown, the reception, and the honeymoon can be astronomical if you are not careful. Yet for some couples, wedded bliss is not meant to be. Some will want to file for divorce, and it turns out that they can be just as expensive as the weddings themselves.

Couples may suddenly find themselves in debt and unable to pay off their legal fees. A divorce in New Zealand, though relatively affordable, can become costly if the couple finds it difficult to reach common ground. There is the matter of having to finance the divorce in order for it to push through.

Financing Divorce with Personal Loans

While it is not always a good idea to take out a personal loan, it might be necessary for securing a divorce. Personal loans, such as the ones offered by Rapid Loans, give divorcees free reign over what to do with the money. This type of loan requires very little time to process, which means that you will have immediate access to the funds.

This way, you can pay off your divorce lawyers and go through with the divorce successfully, with minimal fuss. Though you will be in debt, paying off a personal loan can be accomplished in a matter of months, which will give you enough time to recover from your divorce financially.

The Cost of Separation

New Zealand requires couples to be separated for at least two years before getting a divorce. Once you have proven that you have been separated for this specific amount of time, you will have to pay for a dissolution order. The order costs $211.50 as of 2016.

If you have already settled with your ex-spouse about how to split the property and what your arrangements would be regarding your children, you can save on lawyer fees. Unfortunately, divorces are rarely so easy – depending on the complexity of the case and the lawyer you have hired, a divorce in New Zealand could easily cost anywhere between $5,000 to $10,000.

Divorces weigh heavily on an individual not only emotionally, but financially as well. You have to be smart and spend the money wisely to finance your separation.