You and your spouse have brought three children into the world and have spent the last 20 years as husband and wife. Somewhere along the way, one or both of you starts to contemplate divorce. Then, at the 20-year mark, one of you decides to file for divorce. This seems like a very typical scenario as far as divorces go. It's the exact scenario that one millionaire and his wife are living out. But there is one exception: the husband is claiming they were never legally married.
Divorce affects a lot of couples through the United States, so it's no wonder that researchers are constantly trying to figure out the root causes of divorce. For example, last year a study showed that arguing about finances early in a marriage led to a greater risk for divorce. That makes perfect sense considering that financial stress is thought to be the number one reason for divorce in our country.
We often discuss high-asset divorces on this blog because they can be extremely contentious. The large amount of assets in these divorces often plays a large role in the complications that arise. Let's take, for example, the case of U.S. Representative Alan Grayson, who represents Florida's 9th district.
In our last post we discussed the questions a person may ask themselves when making the decision to divorce. While the first part of this discussion centered on your feelings about the marriage, another important aspect to consider is how you feel about the divorce.
The decision to divorce may perhaps be one of the most difficult decisions you will ever make in your life. Sometimes there are a lot of what-ifs that keep us hoping for a resolution or for an eventual fix to our marital problems. A lot of people question whether right now is the right time. In many cases, they may even talk themselves out of divorce because of a variety of reasons.
Last week we discussed the benefits of having a forensic accountant on your side when you are going through a high-asset divorce. This week we would like to continue that discussion by looking at what specifically a forensic accountant may look for.
Those considering divorce may believe that their divorce team should consist only of a lawyer, but in high-asset divorce cases, an experienced lawyer will know when to partner with professionals such as private investigators, tax experts and forensic accountants. The question you may be asking yourself is "Why would I need any of these other individuals?" The core reason for these types of professionals is simple: a complex divorce can benefit from the support of a specialized divorce team.
It may not come as a surprise anymore that divorce among older generations is booming. It’s hard to pinpoint a specific reason behind this trend, but a lot of it may have to do with longer lifespans. In general, people are living longer, which forces them to evaluate whether or not they want to spend the rest of their life with their current spouse. Their children may be out of the house and most of their primary goals accomplished, which leaves them with the task of really evaluating their marriage.
In this blog post we continue the discussion of what steps one should take after divorce in order to be financially stable. While planning is very important, as we previously discussed, it is also important to make some key changes.
When a Florida resident decides to file for divorce, it's not uncommon for them to get hung up on the present moment and all the emotions that come with it. But as anyone who has already been through divorce can tell you, it's important to concentrate on what your future will bring. After all, for many people, a brighter future is the exact reason they decided to file for divorce in the first place.