06/15/2012 02:52 pm ET

The Financial Impact of Divorce

Divorce is not only an emotionally trying experience, but it can be a financially devastating one, as well. According to the web site Maritalstatus.com, the average cost of a divorce in the United States now runs about $20,000. From legal fees and alimony payments, to the division of assets and possible tax consequences, the costs can grow even higher.

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