| Role of Valuation Experts in Divorce |
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| Property division between the spouses is an important issue in a divorce proceeding. Ascertaining the correct and proper value of the assets and properties of the spouses is key to ensuring a fair and equitable division of the parties' assets. The advice of an expert, who is skilled either by training, special knowledge, education or experience in the specific field beyond the knowledge of an ordinary layman, will be of great help for clearly defining and ascertaining the value of property for future divisions and tax procedures, etc. A common example would be an accountant with specific knowledge of the formulas utilized to calculate the present value of various retirement interests. More... |
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| Temporary Counsel Fees in Divorce |
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| Courts may grant interim attorney fees, while a divorce case is pending, to the spouse who lacks control over the marital assets that will be used to pay the fees. Granting interim relief in a divorce proceeding serves to promote fairness and impartiality by enabling the dependent spouse to maintain or defend the divorce action without being placed at a financial disadvantage. The dependent spouse often can secure attorney fees for appeals as well. Temporary counsel fees often can be estimated by using "rule of thumb" or local custom. More... |
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| Fault-Based Divorce: Impotence |
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| Impotence of either spouse is considered as one of the traditional fault grounds for divorce, and it remains a ground for fault-based divorce in some states. Some of those states allow grounds for annulment also to be grounds for fault-based divorce, and that includes impotence. In those states, the marriage is voidable if the afflicted spouse is found to have been impotent at the time of marriage and to have remained impotent up to the time the petition is filed. Generally, the petitioning spouse must prove that the impotent spouse is incapable of having sexual intercourse in order to get a divorce on this ground. Some of the states that retain impotence as a ground for divorce require that the impotence be permanent and incurable. In the case of the impotent husband, the advent of drugs to treat erectile dysfunction may affect that standard. More... |
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| Alimony: Rehabilitative Spousal Support |
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| Alimony awards, also called "spousal support," are usually granted at the court's discretion upon a determination, which takes into account certain factors, that spousal maintenance is necessary. Some of the factors considered when determining alimony payments include the education of the spouses, their respective work experiences, income histories, ages, health, the length of the marriage, and the time either spouse has spent out of the work force. Alimony may be either temporary (often called "rehabilitative alimony") or permanent. The court grants rehabilitative spousal support when one spouse has been disadvantaged in order to equalize the burden of the divorce. More... |
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| Lump Sum Spousal Support |
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| Spousal support can be one of the most difficult issues to resolve in divorce. Spousal support, which is also referred to as alimony, involves an obligation by one spouse to make financial payments to the other spouse. Permanent spousal support involves the payment of support after a divorce is granted and until a further court ruling modifies or terminates the obligation. Permanent spousal support may be ordered in situations involving long-term marriages or in situations where one party cannot earn a living due to a disability or injury. Such spousal support can be paid in lump sum or on monthly basis. More... |
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