{"id":77520,"date":"2019-06-11T13:01:26","date_gmt":"2019-06-11T13:01:26","guid":{"rendered":"http:\/\/dominiclevent.com\/blog\/?p=77520"},"modified":"2019-06-11T13:41:02","modified_gmt":"2019-06-11T13:41:02","slug":"your-marriage-could-suffer-due-to-the-strong-economy-cnbc","status":"publish","type":"post","link":"https:\/\/dominiclevent.com\/blog\/your-marriage-could-suffer-due-to-the-strong-economy-cnbc\/","title":{"rendered":"Your marriage could suffer due to the strong economy &#8211; CNBC"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"ArticleBody-6\" data-module=\"ArticleBody\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed hasBkg\" id=\"ArticleBody-InlineImage-104518320\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Adrian Weinbrecht | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>It&#8217;s no surprise that your likelihood of divorce is somewhat based on your relationship with money.<\/p>\n<p>Money is the leading cause of stress in a relationship, according to data from <a href=\"https:\/\/news.northwesternmutual.com\/planning-and-progress-2018\" alt=\"\" class=\"\" rel=\"\" target=\"\" title=\"\" role=\"\" tabindex=\"\" data-type=\"\" aria-label=\"\">Northwestern Mutual&#8217;s 2018 Planning &amp; Progress Study<\/a>. The survey of over 2,000 adults found that 41% of people said financial anxiety impacts their relationship with a spouse or partner.<\/p>\n<p>And the more money you have, the more problems you face (or so said the late rapper Notorious B.I.G.).<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2019\/05\/30\/gdp-q1-2019-second-reading.html\" alt=\"\" class=\"\" rel=\"\" target=\"\" title=\"\" role=\"\" tabindex=\"\" data-type=\"\" aria-label=\"\">Economic growth<\/a> rose more than expected in the first quarter of the year, thanks to continuing strength in the <a href=\"https:\/\/www.cnbc.com\/2019\/05\/30\/weekly-jobless-claims.html\" alt=\"\" class=\"\" rel=\"\" target=\"\" title=\"\" role=\"\" tabindex=\"\" data-type=\"\" aria-label=\"\">labor market<\/a>. As a result, <a href=\"https:\/\/www.cnbc.com\/id\/10000813\" alt=\"\" class=\"\" rel=\"\" target=\"\" title=\"\" role=\"\" tabindex=\"\" data-type=\"\" aria-label=\"\">incomes<\/a> generally are higher across the board.<\/p>\n<p>That, in turn, has meant more couples are experiencing trouble, according to the American Academy of Matrimonial Lawyers. Divorces tend to pick up rather than decrease during an <a href=\"https:\/\/www.cnbc.com\/2018\/10\/04\/booming-economy-may-soon-be-the-strongest-since-1999.html\" alt=\"\" class=\"\" rel=\"\" target=\"\" title=\"\" role=\"\" tabindex=\"\" data-type=\"\" aria-label=\"\">economic boom<\/a>, the organization said.<\/p>\n<\/div>\n<div>\n<p><style><![CDATA[#dw-chart{width: 100%;height: 500px;border: none;padding-top: 32px;box-sizing: border-box;-moz-box-sizing: border-box;-webkit-box-sizing: border-box;}]]><\/style>\n<\/p>\n<\/div>\n<div class=\"group\">\n<p> &#8220;It&#8217;s easier to swallow when your net worth is higher,&#8221; said Michael Stutman, a past president of the New York Chapter of the AAML and a founding partner of the Manhattan-based matrimonial law firm of Stutman Stutman &amp; Lichtenstein. Stutman said he has also seen a rise in high-net-worth divorce filings.<\/p>\n<p> &#8220;Essentially, people feel there&#8217;s more money left over after they dissolve their marriage and split up the spoils,&#8221; he said.<\/p>\n<p>By an almost 2-to-1 margin, lawyers polled by the academy said they typically only see a decline in the number of divorces during national economic downturns. When forced to weigh damaged marriages against tight budgets and uncertain financial outlooks, many spouses seem more willing to try and wait it out, the AAML found.<\/p>\n<\/div>\n<div>\n<div class=\"undefined Pullquote-pullquote\" style=\"border-top-color:#000000\">\n<div>\n<p>It&#8217;s easier to write a check for $5 million when you have $10 million than it is to write a check for $50 when you have for $100.<\/p>\n<div class=\"Pullquote-sourceWrapper\">\n<p>Michael Stutman<\/p>\n<p>partner at Stutman Stutman &amp; Lichtenstein<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p> &#8220;It&#8217;s easier to write a check for $5 million when you have $10 million than it is to write a check for $50 when you have for $100,&#8221; Stutman said.<\/p>\n<p>However, splitting a household in two is hard enough. Divisions get even trickier when there are complicated assets to value and distribute &#8212; such as art, wine and antiques or silverware.  &#8220;There is a risk with any type of collectible for which there is not a ready exchange,&#8221; Stutman said.<\/p>\n<p>That&#8217;s when turning to a qualified professional is key, he added.  &#8220;If you are not confident in your own view of what things are worth, then you need to rely on the opinion of people who are trained.&#8221;<\/p>\n<p>In addition, division of property is typically a non-taxable event. The same now goes for alimony payments, which are no longer tax-deductible for the payor and considered taxable income for the payee under the Tax Cuts and Jobs Act.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2018\/11\/29\/new-divorce-tax-rules-could-result-in-a-big-financial-disadvantage.html\" alt=\"\" class=\"\" rel=\"\" target=\"\" title=\"\" role=\"\" tabindex=\"\" data-type=\"\" aria-label=\"\">One divorce calculator<\/a> shows that there could be less money to go around under the new tax rules \u2014 which may put more pressure on the valuations of illiquid assets.<\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2019\/05\/31\/your-marriage-could-suffer-due-to-the-strong-economy.html\">Source link <\/a><br \/>\n<a href=\"https:\/\/dominiclevent.com\/contact-us\/\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png\" alt=\"\" width=\"600\" height=\"200\" class=\"aligncenter size-medium wp-image-14\" srcset=\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-300x100.png 300w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer-150x50.png 150w, https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/01\/footer.png 600w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><br \/>\n<center><iframe loading=\"lazy\" src=\"https:\/\/www.google.com\/maps\/d\/u\/1\/embed?mid=1w4tN9mf5kVdBXUXTq2KvwE23NmpUzEna\" width=\"640\" height=\"480\"><\/iframe><br \/>\n<\/center><br \/>\n<center><iframe loading=\"lazy\" src=\"https:\/\/calendar.google.com\/calendar\/embed?src=sc635csnrm8h9s9lq0cad6vkss@group.calendar.google.com\" style=\"border:0px #ffffff none;\" name=\"myiFrame\" scrolling=\"no\" frameborder=\"1\" marginheight=\"0px\" marginwidth=\"0px\" height=\"3px\" width=\"600px\" allowfullscreen><\/iframe><\/center><br \/>\n<center><\/p>\n<div itemscope itemtype=\"http:\/\/schema.org\/LocalBusiness\">\n<div itemprop=\"image\" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\">\n<img decoding=\"async\" src=\"http:\/\/www.dominiclevent.com\/wp-content\/uploads\/2018\/06\/Business_Solicitors_London.jpg\" width=\"600\" itemprop=\"url\"><\/div>\n<p><\/br><\/p>\n<div itemprop=\"name\">Dominic Levent Solicitors<\/div>\n<div>Email: <span itemprop=\"email\">Enquiries@dominiclevent.com<\/span><\/div>\n<div>Phone: <span itemprop=\"telephone\">020 8347 6640<\/span><\/div>\n<div>Url: <span itemprop=\"url\">https:\/\/www.dominiclevent.com<\/span><\/div>\n<div itemprop=\"paymentAccepted\"  style='display: none' >cash, check, credit card, invoice<\/div>\n<p>\t<meta itemprop=\"openingHours\"  style='display: none'  datetime=\"Mo,Tu,We,Th,Fr 09:30-17:30\" \/><\/p>\n<div itemtype=\"http:\/\/schema.org\/GeoCoordinates\" itemscope=\"\" itemprop=\"geo\">\n\t\t<meta itemprop=\"latitude\" content=\"51.632223\" \/><br \/>\n\t\t<meta itemprop=\"longitude\" content=\"0.1781417\" \/>\n\t<\/div>\n<div itemtype=\"http:\/\/schema.org\/PostalAddress\" itemscope=\"\" itemprop=\"address\">\n<div itemprop=\"streetAddress\">1345 High Rd<\/div>\n<div><span itemprop=\"addressLocality\">London<\/span>, <span itemprop=\"addressRegion\">London<\/span> <span itemprop=\"postalCode\">N20 9HR<\/span><\/div>\n<\/p><\/div>\n<\/div>\n<p><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adrian Weinbrecht | Getty Images It&#8217;s no surprise that your likelihood of divorce is somewhat based on your relationship with money. Money is the leading cause of stress in a relationship, according to data from Northwestern Mutual&#8217;s 2018 Planning &amp; Progress Study. The survey of over 2,000 adults found that 41% of people said financial &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dominiclevent.com\/blog\/your-marriage-could-suffer-due-to-the-strong-economy-cnbc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Your marriage could suffer due to the strong economy &#8211; CNBC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-77520","post","type-post","status-publish","format-standard","hentry","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Your marriage could suffer due to the strong economy - CNBC - Dominic Levent Solicitors Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominiclevent.com\/blog\/your-marriage-could-suffer-due-to-the-strong-economy-cnbc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your marriage could suffer due to the strong economy - CNBC - Dominic Levent Solicitors Blog\" \/>\n<meta property=\"og:description\" content=\"Adrian Weinbrecht | Getty Images It&#8217;s no surprise that your likelihood of divorce is somewhat based on your relationship with money. 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