NEWS: High end divorce firms report increase in divorce business – couples with assets chosing to divorce now

The American Bar Association posted an interesting article about an increase in business for divorce law firms handling higher end divorce. A link to the article is here. While the news is full of stories about couples postponing divorce in the economic downturn, some couples with assets are choosing to divorce now for asset valuation issues. For divorce purposes, assets are likely to be valued at the time of settlement or trial. Electing to divorce during the economic downturn locks in lower valuations on securities and real estate, leading to lower equalizing judgments.  Our experience has been that some clients have been able to retain assets in divorce for zero valuation because of the market declines, where in prior years they would have to pay to retain the assets in divorce.

This development may speed the adoption of the collaborative divorce model in Oregon, as our experience has been that the process more frequently selected by higher asset couples.

About Sean Stephens

Sean Stephens is a founding member of Stephens & Margolin LLP He was born in Eugene, Oregon and is a fourth generation Oregonian. Mr. Stephens attended the University of Oregon, and graduated in with a Bachelor of Science in Psychology, with a minor in English Literature. His psychology studies emphasized early childhood development. To find out more or contact C. Sean Stephens, visit Stephens & Margolin LLP. You can find more about him at Stephens & Margolin LLP and find him on Google +" here.
This entry was posted in Collaborative Law, News. Bookmark the permalink.

One Response to NEWS: High end divorce firms report increase in divorce business – couples with assets chosing to divorce now

  1. Right now is a great time to divorce.

Leave a Reply

Your email address will not be published. Required fields are marked *