If your image of divorce is a bloody battlefield of husband and wife, expensive lawyers, frosty court rooms and children being told to forget birthday and Christmas gifts for the next decade, a new style of Collaborative Practice may come as a surprise. As unlikely as it might seem when the focus is on people splitting up, ‘collaborative divorce’ has become an increasingly common way for couples to mutually agree a legal, financial and emotional arrangement for a separated or ‘parenting apart’ future.
The aim, reports Consensus Collaboration Scotland – the umbrella association for professionals and experts who employ [...]
A High Court judge has urged a rich Sheffield businessman and his wealthy estranged Austrian wife to agree a truce after being told how they had run up £1 million in lawyers' bills while fighting over less than £2 million. Mr Justice Holman said engineering firm boss, and Conservative Party donor, Sir Andrew Cook and interior designer Baroness Angelika Hirsch-Stronstorff had spent "very, very disproportionate" amounts on legal costs following the breakdown of a three-year marriage. He said they should try to reach an out-of-court settlement which was reasonably fair and put their fight over money "to bed". The judge [...]
While the number of marriages in South Africa drops each, year, the rate of divorce is sadly on the rise. In general, the financial implications of a divorce are devastating and often result in both partners having to significantly lower their standards of living post-divorce. With so many emotional, financial and logistical implications, the decision to divorce is seldom taken lightly. From a financial-planning perspective, there is much to consider when planning a divorce. 1.Understand your marital property regime The starting point of any divorce negotiation is to understand the marital property regime that you are married under. How you [...]
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Divorce can be overwhelming. Often it's an incredibly tough decision based on heightened emotions, anger and regret. In the midst of all of that, a flood of paperwork and financial choices that can affect the rest of your life come pouring your way. There's no way to make going through a divorce easy emotionally. There are, however, ways to make the financial and logistical burden involved go more smoothly. Attorney Loni Coombs has some tips for helping to keep the burden of the legal side of a divorce as small as possible. Empower Yourself "Divorce is such a hard time [...]