The Real Cost of a Divorce

By Carla Fried - 2013-11-25T13:43:42Z

Photograph by Gallery Stock

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Some divorces require a team that goes beyond a lawyer and a financial expert. If minor children are involved and there’s not agreement on custody and support, a child custody evaluation can cost about $2,000 to $10,000 or more.

When a family business is in play, a forensic CPA needs to examine the books, verify assets and liabilities “and see if there have been any shenanigans,” says Jeffrey Landers, president of Bedrock Divorce Advisors and author of “Divorce: Think Financially, Not Emotionally.” The same forensic CPA or a separate business valuation expert will use that information to assign a current and future value to the business, which can be used in negotiations. The hourly fee for vetting the business can reach about $200 an hour.