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A divorce can be a serious financial setback. If you seek to end your marriage without considering how much it will cost, you may be in for an unpleasant surprise.
Ending a marriage is a bit like dissolving a business partnership. Assets must be divided, and you may end up with less than you expected. If you pay alimony or child support, your financial obligations to your former spouse could last for many years. You likely will need the services of an attorney, and they won’t come cheaply.
Fortunately there things you can do to protect yourself. What follows are seven examples of how a divorce can cost you big time and steps you can take to limit the financial damage.