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Couple talk – How and why to ‘divorce’ your finances
Professionals say one should create a joint account for common expenses but keep individual accounts for personal spending. It is advised to own illiquid assets like business, property etc. on individual names. A couple should discuss financial goals and potential scenarios, including the possibility of a divorce. Till death do us part, the saying goes. Unfortunately, for some couples, it is not so. While it is never easy and is always the last option, it is reality that one may not be able to avoid a separation or a divorce. Apart from the emotional distress that comes with it, there […]
12 Things I Wish I Knew When I was Getting Divorced
I’d walk around on the verge of tears all day long, every day. I felt really scared. I felt sad. I felt angry. I felt like a failure. I felt worried about my young children. And, I felt very very alone. I’m referring to a time in my life several years ago, when I was first getting divorced. I didn’t know one person who was going through a divorce and I felt like had no one. No one to talk to, no one to listen, and no one who understood how I was feeling. I didn’t want to talk to […]
Being Petty in Divorce: You’re Only Hurting You
One of my least favorite words is petty, and being petty really bothers me. Sometimes I catch myself being petty, and all it does is make me feel badly about myself. When I see others acting petty, it bothers me a lot. Being petty in divorce happens a lot. I see it. According to The Free Dictionary, if something is petty, that means it’s trivial, not of big importance. I’m not saying divorce is trivial, what I’m saying is, divorced people sometimes make a big issue out of petty matters. Also, being petty means a lack of generosity. Here are […]
The Importance of Putting Together Your Divorce Team
When a couple decides to divorce they embark on a process that is complex and one that they likely don’t understand. Unless a couple is educated about the divorce process or has the right guidance, their first call is often to a divorce lawyer. While in some instances retaining a lawyer is the right first move, I want to address why putting together a divorce team makes sense, and why it can get you a better overall outcome in your divorce. Let’s get back to calling a divorce attorney first. What if mediating their divorce makes sense because it is […]
Workplace, Cybersecurity and Regulatory Disputes Top Trends in Business Litigation
Global law firm Norton Rose Fulbright’s 18th Annual Litigation Trends Survey, released earlier this year, found that corporate counsel faced a significant rise in regulatory proceedings in 2022, with more expected this year, as agency enforcement activity picks up. In fact, half of the survey respondents were involved in at least one type of regulatory proceedings last year, and more than one-third expect such proceedings to increase in 2023. The survey also reveals heightened litigation risk in key areas: the top three spots in which respondents expected disputes exposure to increase this year are employment and labor, cyber and data […]
Regulators and courts need to control use of ChatGPT in litigation
Legal regulators and the courts may need to control “whether and in what circumstances and for what purposes” lawyers can use artificial intelligence (AI) systems like ChatGPT in litigation, the Master of the Rolls has said. Sir Geoffrey Vos said there would need to be mechanisms to deal with the use of generative AI within the legal system. “We may even hopefully turn it to the advantage of access to justice and effective and economical legal advice and dispute resolution.” Addressing the Law Society of Scotland’s Law and Technology conference last week, Sir Geoffrey highlighted the recent case of New […]