Brian Galbraith, family lawyer with Galbraith Family Law in Barrie, discusses how financial specialists help
parties in a divorce situation.
Not exact matches
It is important that
parties understand what their rights are prior to the agreement they put together and understand what the
situation would be
in the event that the agreement were not drafted at all and then the marriage resulted
in a dissolution or
divorce.
Especially
in today's environment and economic
situation, both
parties will suffer financially fairly significantly if they
divorce and they'll never have the same relationship with their children whether they're the primary caregiver or the access person just because of the changed dynamic.
Although it may not be applicable
in every
situation, spousal support often arises
in divorce proceedings
in which the
parties have been married for a significant length of time and
in which there is a substantial discrepancy between their incomes.
In many situations, it is less costly for the two parties in a divorce to come to an alimony arrangement on their own, whether through a mediator or their respective attorney
In many
situations, it is less costly for the two
parties in a divorce to come to an alimony arrangement on their own, whether through a mediator or their respective attorney
in a
divorce to come to an alimony arrangement on their own, whether through a mediator or their respective attorneys.
In a recent landmark case of Wyatt vs Vince A situation has been highlighted where both parties at time of divorce parted ways with no assets to their name but also no financial order put in plac
In a recent landmark case of Wyatt vs Vince A
situation has been highlighted where both
parties at time of
divorce parted ways with no assets to their name but also no financial order put
in plac
in place.
Of course, an uncontested
divorce is only possible
in situations where the
parties are willing to cooperate with each other and come to a full and complete settlement agreement an all issues.
Although neither
party had filed bankruptcy, the case is noteworthy as it addresses a common
situation in both bankruptcy cases and
divorce cases: a
party living on debt instead of earned income.
The Financial Neutral takes a great deal of care
in the
divorce process to be sure that both
parties fully understand their current financial
situation, as well as the way finances can and can not work after the
divorce.
Mediation is especially effective
in situations in which there may be continuing relationships among the
parties:
divorce and related family matters, conflicts between adult siblings over issues related to their aging parents, their parents» finances, or their estates.
To make a determination as to what is considered equitable, the court must consider the entire
situation, including the length of the marriage, ages of the spouses, contributions of each spouse to the marriage, and tax consequences of the division; however, the court is not allowed to consider whether either
party is at fault
in the
divorce.
Bottom line is that a joint petition
divorce, except
in few
situations, is the best option for all
parties involved.
It is important to understand that
in any
divorce situation, as well as
in post-
divorce circumstances such as modifications or custody issues, the
parties must go to Court to have a judge review and accept any agreements that have been reached between themselves.
In appropriate situations, a coach may also be involved outside of the mediation sessions in order to assist the parties navigate through the emotional turmoil and devastation of divorce or other family law dispute
In appropriate
situations, a coach may also be involved outside of the mediation sessions
in order to assist the parties navigate through the emotional turmoil and devastation of divorce or other family law dispute
in order to assist the
parties navigate through the emotional turmoil and devastation of
divorce or other family law disputes.
In some situations, the judge will grant a divorce even if the other party refuses to participate in the final hearin
In some
situations, the judge will grant a
divorce even if the other
party refuses to participate
in the final hearin
in the final hearing.
While therapy tends to address past behaviors and issues,
in collaborative
divorce the MHP assists
parties in addressing their emotions with the current
situation, and help them to prepare to move forward
in the process
in the most efficient way.
The
parties may also use other professionals as part of the collaborative team, including
divorce coaches (who assist the
parties in communicating efficiently and effectively), Financial Neutrals (who assist the
parties in understanding the financial impacts and tax consequences of their decisions) and even child specialists (
in situations where custody or parenting plans are
in dispute).
As Shawn Weber, San Diego Collaborative attorney and mediator says, «Some people believe that a prerequisite for consensual dispute resolution options like Mediation or Collaborative Practice
in divorce situations is that the
parties have to get along or trust each other.
By aiding his clients with the resolution of their
divorce issues outside of the courtroom, Mr. James helps create a win / win
situation for all
parties in a
divorce.
Some issues can arise during the sale of property that may cause an inequitable
situation between the two
divorcing parties, says Peggy Spiro, broker - owner at Spiro Realty Group
in Erie, Colo..