The Cost of Divorce

I was talking to a Family Lawyer earlier today and she told me that when it comes to finances, the most stupid thing a person can do is get divorced.

This is pretty obvious when you look at the enormous divorce settlements of celebrities like Tiger Woods, Greg Norman and Mel Gibson. However, although the rest of us don't have those $figures to contend with, divorce is still a very expensive and painful process to go through.

This lawyer told me that even the so-called winners end up financially struggling for at least a few years after and that selling the family home to pay for the divorce, with nothing left over at the end, is very common.

Of course there is a much better option to divorce; one that leaves the family's wealth intact. The problem is that this gets lost in the emotion of divorce and when people finally do see it, it is too late.