Today's economy is affecting divorce finances -- an opportunity to speak out!
Here's an opportunity for our community to tag onto news features with a wholistic perspective on child support and alimony issues. Found this in today's news. Feel free to alert your local media about how Peaceful Divorce creates more win/win solutions for both parents and children regarding all facets of divorce, including the finances!
Rising Unemployment Creating More Work for Divorce Lawyers
CHICAGO, March 31, 2009 /PRNewswire via COMTEX/ -- As the recession continues to deepen and job cuts accelerate, a rapidly rising number of divorced spouses are requesting changes be made to child support and alimony arrangements. In a recent survey of the American Academy of Matrimonial Lawyers (AAML), 39% of the nation's top divorce attorneys cite an increase in modifications being made to child support payments. Additionally, 42% of the members report a rise in the number of changes made to alimony payments.
"When a divorced person loses a job or has take a pay cut, a request to make modifications to a child support or alimony payment arrangement often follows," said Gary Nickelson, president of the AAML. "With job losses becoming so widespread, our members are subsequently noticing a sizeable increase of these modifications taking place."
Overall, 39% of AAML members responded that they have seen an increase in child support payment modifications during the current economic downturn, while only 5% reported a decrease. Regarding alimony, 42% of the attorneys have cited a rise in modifications, while just 6% noted a decline.
About AAML
Founded in 1962, the American Academy of Matrimonial Lawyers (AAML) is committed to encouraging the study, improving the practice, elevating the standards, and advancing the cause of matrimonial law, in order to better protect the welfare of American families.
Comprised of the top 1,600 matrimonial attorneys throughout the nation, members are recognized experts in the specialized areas of matrimonial law, including divorce, prenuptial agreements, legal separation, annulment, custody, property valuation and division, support, and the rights of unmarried couples. For more information, please visit www.aaml.org.
SOURCE American Academy of Matrimonial Lawyers (AAML)
http://www.aaml.org
Rising Unemployment Creating More Work for Divorce Lawyers
CHICAGO, March 31, 2009 /PRNewswire via COMTEX/ -- As the recession continues to deepen and job cuts accelerate, a rapidly rising number of divorced spouses are requesting changes be made to child support and alimony arrangements. In a recent survey of the American Academy of Matrimonial Lawyers (AAML), 39% of the nation's top divorce attorneys cite an increase in modifications being made to child support payments. Additionally, 42% of the members report a rise in the number of changes made to alimony payments.
"When a divorced person loses a job or has take a pay cut, a request to make modifications to a child support or alimony payment arrangement often follows," said Gary Nickelson, president of the AAML. "With job losses becoming so widespread, our members are subsequently noticing a sizeable increase of these modifications taking place."
Overall, 39% of AAML members responded that they have seen an increase in child support payment modifications during the current economic downturn, while only 5% reported a decrease. Regarding alimony, 42% of the attorneys have cited a rise in modifications, while just 6% noted a decline.
About AAML
Founded in 1962, the American Academy of Matrimonial Lawyers (AAML) is committed to encouraging the study, improving the practice, elevating the standards, and advancing the cause of matrimonial law, in order to better protect the welfare of American families.
Comprised of the top 1,600 matrimonial attorneys throughout the nation, members are recognized experts in the specialized areas of matrimonial law, including divorce, prenuptial agreements, legal separation, annulment, custody, property valuation and division, support, and the rights of unmarried couples. For more information, please visit www.aaml.org.
SOURCE American Academy of Matrimonial Lawyers (AAML)
http://www.aaml.org
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