How much does divorce cost? BLM answers
In the run up to the festive period, BLM's Private Wealth practice will share a series of blogs demystifying elements of the legal process impacting individuals and families seeking legal remedies.
In this, the fourth in our #12DaysOfChristmas #12DaysOfFamilyLaw blog series BLM answers the question often posed by clients....
HOW MUCH DOES DIVORCE COST?
The approaching festive period can put further strain on an already emotionally charged couple who have already decided that divorce is an option for them.
Here we lay out a straight answer to a straight question. How much does divorce cost? With divorce rates spiking after Christmas, those who are considering divorce will be weighing up the costs now.
The cost of a divorce, as expected, is highly specific to each case. An easy place to start is that regardless of the specifics there is always going to be the Court fees.
The filing of a divorce petition is currently at £550 and includes the fee for applying for a decree absolute. If financial arrangements can be agreed, a financial consent order can be filed with the court to make the agreements legally binding. The fee for filing this is an additional £50. If an application to the court is required to deal with the finances, then that fee will be £255. Even if your divorce is relatively straightforward and you have very limited legal fees, court fees are unavoidable.
The costs of legal fees will depend on varying factors, such as different lawyers charging different rates per hour according to their levels of experience; the urgency or complexity of your case; the way in which the case develops; and at what stage settlement is achieved.
There are also additional common costs such as:
- Barrister’s fees;
- Valuation fees for the matrimonial home, other properties and assets;
- Pension Expert report fees; and
- Independent Financial Advisers’ fees.
Your solicitor will set out an estimate of costs at the outset of your case and this might need to be reconsidered throughout the course of your matter.
Disclaimer: This document does not present a complete or comprehensive statement of the law, nor does it constitute legal advice. It is intended only to highlight issues that may be of interest to customers of BLM. Specialist legal advice should always be sought in any particular case.