For many separating spouses, obtaining a divorce at precisely the optimal time for doing so when taking into consideration the house, the kids, the assets, the debts and so forth isn't always possible. Every last relevant factor isn't always taken into account and tidied up prior to a marital dissolution. Sometimes that simply isn't possible.
In many family law practice areas, the basic legal parameters are well established among the states, with little variation. All states provide for no-fault divorce, New York being the last state to join in, just last year. The "best interests" standard is often centrally at work in matters involving children.
For years, you couldn't keep Terrell Owens -- the you-can't-miss-me professional football star known for both his prodigious talent and outsized personality -- off the football field.
A national association that researches and analyzes business and tax issues related to divorce is holding its ninth annual conference on divorce taxation in New York this coming weekend.
The Small Business Administration states that the bulk of businesses in the United States are family-owned. Specifically, the number is close to 90 percent. Although running a family-owned business can bring many advantages, a high-asset divorce can prove devastating and costly if a plan was never implemented to deal with the potentiality that a family business might become a focal point in a dissolution proceeding.
Recently, a surprising study conducted by Paul Amato, a marriage researcher, found that sixty percent of divorces are due to low-conflict martial issues. This study, which was cited by Pamela Haag, in her book "Marriage Confidential: The Post-Romantic Age of Workhorse Wives, Royal Children, Undersexed Spouses and Rebel Couples Who Are Rewriting the Rules" states that high-conflict issues are problems such as infidelity, addiction and abuse, which only account for a small percentage of divorce.
Accurate property division is obviously important in a high-asset divorce, and the details need to be fully understood and properly attended to in a settlement agreement.
We have written before about the acrimonious child custody and child support battle between actor Mel Gibson and his ex-girlfriend, Oksana Grigorieva. Given Gibson's worldwide fame, it was news at its outset and as it continued to progress through the courts and media, and it is noteworthy now at its conclusion. We provide the relevant details immediately below.
It might strike some people as ironic that one of the priciest, volatile and flat-out complicated high-asset divorce disputes to take place in years in celebrity-laden Los Angeles involves a couple who is far removed from movie stars and the big screen.