Divorce disputes in the courtroom damage relationships, reputation and eat up a considerable sum of money and valuable time. At the same time, Mediation is the most reliable and flexible method of resolving conflicts. The emerging concept of Mediation is proliferating. Workplace, clubs, family, community are all recipients of Mediation. South Florida Mediation Service Service has proved their capability to promptly and effectively resolve cases, providing a saving of time and expense. I have dealt with complicated conflicts in different parts of the world/USA. Delray Beach is one of the areas where I have rendered mediation service for a long...Read More
Category Archives: Divorce
The Financial Side of Divorce
When deciding to divorce, it is recommended for the parties to educate themselves on various financial considerations, provide an overview regarding their options for getting divorced (i.e., litigation, mediation, collaborative), and organize their required financial materials and documents, which will help contain the cost of the process. Before hiring a lawyer or mediator, it is imperative for the parties to gain an understanding of their primary issues and details about their financial situation. If marriage is all about love, then divorce is all about money. And when people are going through a divorce, they must keep their focus on the...Read More
A House Divided: Splitting the Marital Residence in Divorce Mediation
The “Marital residence” is a term used in divorce law to refer to the property where the couple resided together before the breakdown of the marriage. Since the marital residence is often the most valuable asset and a mortgage is often the largest liability, deciding which party keeps the marital residence can be one of the most difficult decisions a couple will make in a divorce. Unlike a bank account, a house cannot be divided in half. For this reason, we often pay special attention to structuring how the marital residence is accounted for in equitable distribution. In a divorce,...Read More
Top Ten Reasons Mediation is Useful in Settling Family Cases in Florida
1. Mediation is often required by court ordered. In most family law cases, the presiding judge will send the parties in family matters to mediation parties before trial and during pending litigation at least once. Depending on the judge, often cases are sent to mediation multiple times during litigation. Mediation is popular with the courts because the judicial system simply doesn’t have the resources to hear every issue in every case and because the judicial system simply prefers not to make decisions relating to children and finances if they don’t have to. Nobody knows your client’s family better than you...Read More
Dividing IRAs in Divorce
Practically every divorce case involves marital assets to be divided between the parties. Of significant concerns are the tax issues involved in these transfers. Under U.S. Code § 1041 - transfers of property between spouses or incident to divorce, are non-taxable events. In order to utilize a “divorce or separation instrument” to divide an IRA, you should be sure that the judgment or settlement agreement includes language that is sufficient to divide the IRA, provides a clear method of division, provides a valuation date as of which the IRA is to be divided, and addressed gains and losses on the...Read More