Assets and liabilities can each have different tax consequences and if not properly accounted for, a settlement that might look fair on paper may turn out to be favorable to only one party and not the other. This can happen if one party trades a checking account for a 401k, confusing pre-tax with post-tax dollars, or when there are stocks involved and neither party is aware of the cost basis of a given portfolio.
Brian James is a Divorce Mediator with offices in Northern Illinois and Southern Wisconsin. He is the founder and owner of C.E.L. & Associates, a private mediation firm that focuses on pre and post decree divorce issues. His background consists of 10.5 years working with domestic violence and divorcing families in the Criminal Justice System. He is a member of numerous mediation organizations and local chambers of commerce. His goal is to assist his clients in their time of need and help them work out agreements that are best for them and their children. At the same time, he tries to save his divorcing couples time and money that is otherwise wasted in the court system. What would you rather do with your money during a divorce, pay it to an attorney or invest it in your child's college education?
For most consumer legal issues, the size of the practice is much less important than the experience, competence, and reputation of the attorney(s) handling your case. Among the most important factors when choosing an attorney are your comfort level with the attorney or practice and the attorney's track record in bringing about quick, successful resolutions to cases similar to yours.
The date on which earnings (including retirement contributions and other income) becomes separate property again, is the so-called “valuation date.”  The valuation date is the date of the initially scheduled prehearing settlement conference, unless the parties agree to a different date, or the court finds that a different date is fair and equitable.  In my experience, the Court seldom exercises its discretion to use a different date. One situation warranting a different date is where the parties have been separated for years prior to commencement of the divorce, and have been living separately, with separate accounts, insurance, bills, etc., during the separation period.
The United States is one hot destination. Whether the lure is Hollywood, the Statue of Liberty or the world's highest standard of living, people pour over American borders every day, searching for a good time or a better life. To do either, every one of these people is legally required to have a visa, issued by the United States Department of State. If someone comes to the United States without a visa, or stays after his or her visa is expired, that person is breaking the law.
reason to choose mediation is simply, cost. A mediated divorce is typically 20-50% cheaper than a divorce using the traditional adversarial legal process. In addition to the financial savings, mediation is typically quicker and allows you and your spouse the opportunity to control your own future. Mediated divorce settlements also tend to have higher compliance rates because the agreements are mutually created. On a personal level, mediation generally provides a more respectful and peaceful marital ending which, if you have minor children, may be the most compelling reason of all. My personal passion about helping parents succeed during and after divorce allows me to better prepare you for the future and separate parenting of your children. Bottom line, you should consider Minnesota divorce mediation because it is cheaper, more efficient, and it typically yields the same, if not better, results as the adversarial legal system.
“ A thousand kudos to you and your professional staff and excellent service. Without your help I would have spent thousands of dollars for no good reason. The documents were prepared without flaw, and my divorce was granted on the terms that were agreed upon without any problems whatsoever. The time frame from initial filing to final decree was less than a month. ”
Lisa Watson Cyr has devoted her practice to the area of Divorce and Family Law since being admitted to the Minnesota Bar in 1998. Her experience and depth of knowledge ensure that her clients receive the highest quality of representation in dealing with all aspects of family law matters including divorce, custody, parenting time, child support, marital and non-marital property, alimony, and paternity. She is an effective negotiator and skilled litigator, always keeping the best interests of her clients as her sole focus. Although Lisa believes her clients are best served by a negotiated settlement and strives to settle matters...
In conclusion, my advice to fathers is that they should not despair. If the children would be better off in the father’s custody, that is worth fighting for, and is winnable. I have gotten many fathers custody, even in the most dismal of predicaments. For mothers, my advice is to take nothing for granted. Against a determined father, the loss of custody is a very real possibility which you should take very seriously if custody is important to you.
The traditional divorce process can be extremely expensive and can create an adversarial climate that can require lengthy litigation, which is often unnecessary. With divorce mediation, our goal is to create an environment that is more collaborative by working together toward solutions to ensure divorcing couples end up with an arrangement that works for them, their kids if applicable, and their budgets.
Although each mediator has his or her own approach, most mediations tend to move along the same lines. You'll usually start with a phone call in which you'll speak with the mediator or an assistant and provide background information about your marriage, your family, and what the issues are. Some mediators want a great deal of basic information before the mediation begins, while others prefer to gather all of the information in the first meeting when everyone is present.
NOTE: There are many ways to divide real estate in a divorce. The court forms for marriage dissolution (divorce) only give you 1 option -- one spouse gets 100% of the house, cabin, or other real estate, and the other spouse gets a lien. But, you can change the court forms. An attorney can explain other options, advise you about the law, and draft terms to meet your situation. If your divorce involves real estate, you should get advice from a lawyer on your legal rights and options.