Sunday, July 10, 2011

The Divorce Cash Cow ...

Did you know that divorce is a $50 Billion dollar a year industry in North America (and yes that really says billion)... $50 BILLION!! That's huge! Did you also know that lawyers account for $35 billion in the industry, and that the remaining goes to courts, therapists, mediators, arbitrators, etc.

Litigation on the low end is $35,000 (per person) with a lawyer ... did you know that this number represents a down payment on a house! A HOUSE! Now I don't know about you but I think I will be enjoying the house a lot longer than the company of my lawyer (although at the current rate of processing within the legal system I could be completely wrong here).

Now I must ask ... if the only issues to be decided in a routine divorce are: property (if there is any), child custody/support (if there are any), division of assets (if there are any), and the actual divorce (if you are legally married by ceremony)... Why is divorce 76% more expensive than getting married? And why does it take so long to finalize ... well I think the answer lies in the $50 billion dollar question!

The answer ... you need to be focused in your approach, or your lawyer will happily enjoy your "unfocused" approach and with their new summer home/car/boat/vacation that they will be getting with your dollars.

A great place to start finding focus in the chaos is with LifeAction ... check them out on their blog (its pretty fresh but I hear good things are available and coming soon!)... so I say milk that cash cow in your favour!

C.