Financial Recovery Prompts US Divorce Rebound

The Financial Times reported on April 22nd that the US financial recovery has started to have an impact on divorce filings.  The article noted that many couples had decided to tough it out despite their marital differences during the recession for financial reasons.  Now that the economy is beginning to pickup, those couples are moving forward with their plans to divorce.

There are new issues to consider that were not present prior to the economic downturn.  For example, rather than couples fighting over who gets to keep the home, they are now fighting over who is stuck with it.  These housing issues can also create difficult tax and support considerations. 

In any economic climate, it is crucial to have a legal team that understands the full range of economic realities facing you and your family.  The lawyers at Stephens & Margolin LLP pride themselves on providing such an understanding for their clients.

The Financial Times article can be found here:  http://www.ft.com/cms/s/0/b835f9b2-6d0c-11e0-83fe-00144feab49a.html#axzz1KXsJqDHJ

About Daniel Margolin

Daniel Margolin is a founding partner of Stephens & Margolin LLP and a Portland, Oregon native. His practice focuses on all aspects of family law litigation. Dan applies his litigation expertise to provide additional expertise when assisting clients with Family Law Appeals and Collaborative Divorce matters. To find out more or contact Daniel Margolin, visit Stephens & Margolin LLP
This entry was posted in Divorce. Bookmark the permalink.

One Response to Financial Recovery Prompts US Divorce Rebound

  1. When the economy is in recession, couples will tend to stay married because of financial reasoning. For a lot of couples divorce means having to make the adjustment from living on two monthly incomes to just living on one monthly income – in a lot of marriages, making that adjustment is just not feasible.

Leave a Reply

Your email address will not be published.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