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Financial hardships in Broward County brought on by the recession have made divorce a reality for couples who live in South Florida. The recession is causing many couples throughout Fort Lauderdale to rethink their marital situation since a high priced divorce may further deplete their shrunken assets and liabilities. Many divorce attorneys in Hollywood, Cooper City, Miramar, Plantation and other cities in Broward County are available to assist you with your dissolution of marriage during these tough times.

Many couples do not want to get divorced because of recession related problems. People who have have no children and limited finances can save money on their divorce by hiring a lawyer when they have reached a settlement and file for a simplified dissolution of marriage. However, couples with children, real estate and a more complicated financial situation have to salvage their finances during a divorce.

You must be consistent in communicating with your lawyer. Get a referral through word-of-mouth, local and state bar associations or online through search engines such as Google. During your initial consultation with a marital and family law attorney, ask for a free or reduced rate consultation. You should also ask your divorce lawyer about attending mediation as soon as possible. Be cooperative, realistic and prepared to compromise with your spouse during your divorce.

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Fort Lauderdale divorce lawyers who represent wealthy clients are keeping busy. The Broward County divorce Court has seen a rise in high-end divorces because the parties’ assets are currently worth less due to the recession. Wealthy Fort Lauderdale couples have realized that since their assets are worth less they will give less to the other spouse after the Broward County marital and family law court dissolves their marriage.

In theory, it is a great time for wealthy people to get divorced because their property value and investments are down. So, for a spouse who wants to keep the house and is on the verge of filing, this is a perfect time to divorce because the likelihood of keeping the marital home is high.

Nonetheless, the crashing market does present problems for the wealthy and has complicated their cases just as much as it has helped them out. This is because it is difficult to put a market value on some of their assets. In situations where the parties have been fighting over an asset for an extended period of time, that asset has been nearly lost in the stock market.

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The divorce rate in South Florida could be a reliable indicator of when our economy begins to head out of the recession. Fort Lauderdale divorce attorneys have continuously believed that divorce is recession proof. However, the decreasing divorce rates in Miami-Dade, Broward and Palm Beach counties, as well as across the country, reveal otherwise.

The reason for the decreased rate of divorce is the significant decrease in the amount of money available for equitable distribution. When a marriage is dissolved the marital assets are equitably distributed. The most valuable asset usually is the marital home. There are two typical scenarios regarding the marital home: (1) the parties sell the home and the proceeds are split equitably; or, (2) one party keeps home and the value of the home is deducted from the overall amount that party receives in equitable distribution.

In our current economic situation, the housing market is declining and so the value of the marital home has diminished. Thus, the parties are at a loss if they decided to sell the home and split the proceeds. This loss means the parties cannot afford to find new homes on their own. Therefore, the divorce rate has dropped.

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A divorce in Broward County, Florida is often a time in which both parties are not celebrating until the entry of the Final Judgment of Dissolution of Marriage. The family law judge in your Fort Lauderdale divorce court case will enter a Final Judgment of Dissolution of Marriage that addresses alimony, equitable distribution, time-sharing (custody) and many other factors. Once the court enters the Final Judgment of Dissolution of Marriage in your case, you are divorced and it is time to celebrate.

Elite Cake Creations now makes divorce cakes that depict domestic discord. These cakes include a heart-shaped cake broken in pieces that have a groom on one piece and a bride on the other piece and a cake that looks like the blackened walls of a prison cell decorated with a ball and broken chain. Other divorce cakes include a bride taking her groom out with trash, a man sitting dejected on a curb, a man sitting dejected on a curb, a woman dumping a man over a waterfall and a cemetery of broken marriages marked by tiny tombstones.

About 50% of marriages end in divorce nationwide. While that figure has remained fairly steady, there has been a drop off due to the economy and poor housing market. However, if you are looking to celebrate your divorce, the novelty divorce cake from Elite Cake Creations may give all of your friends and family a good laugh.

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Filing for divorce in Fort Lauderdale, Florida is hard to do during a recession. Parties are divorcing but can’t sell their home, so they still living together for now. They both live in the same house they can’t sell because of the bitter state of the economy. The stress of the country’s economic meltdown is taking its toll on marriages in Broward County, Florida. There is no evidence that people file for divorce more or less frequently during an economic slump. However, couples experiencing marital problems are feeling extra stress because of the economy and can not leave their current situation because the financial costs are enormous and the inability to sell their house. On the otherhand, couples experiencing marital problems may divorce because of the economic strain or because divorce during hard times could be weirdly profitable.

Couples who are certain that they want to proceed with a divorce will lose less money to their spouse due to the current state of the economy. In the past, recessions have caused married couples to separate in part due to the uncertainty and unemployment of the husband and wife. However, Husbands and Wives can make better financial choices by living together during a divorce. The economy has also impacted an individual’s ability to pay a divorce lawyer in Broward County, Florida $3,000.00 to $5,000.00 as a retainer. A protracted divorce case involving complex custody matters can cost $30,000.00.
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