September 29, 2021

Couples do not regret money for a quick divorce


AmericaBecause of Covid-19, work can be delayed, but many couples want to get divorced as soon as possible, even spending $ 20,000 a day for a quick resolution.

In June 2020, when the New York divorce court reopened after nearly three months of pandemic delay, lawyer Nancy Chemtob had to wake up from 3 a.m. to process the divorce case. Even Thanksgiving and New Year’s Day – normally nobody wants a divorce – this year, the number of divorce records shows no sign of decreasing.

“There is nothing left to wait,” said attorney Chemtob, representing designer Mary-Kate Olsen who divorced French banker Olivier Sarkozy.

Many wealthy couples are paying up to $ 20,000 a day hiring a private judge to get a divorce as quickly as possible. Image: Business Insider.

The pandemic increases the number of divorces in the US, which is also taking place in China, England, and Sweden … There are no statistics at the national level but records from divorce lawyers show that this. Divorce counseling at the firm of Upper West Side attorney Ken Jewell rose 48%; Law firm Legal Templates recorded an increase of 34% year-on-year in the group of wealthy clients. Family law firm Stowe in the UK reports a 41% increase in divorce requests.

At Chemtob’s company, the number of divorce records also increased by 30%. Since founding the company in 1994, Chemtob has become one of the most expensive divorce attorneys in New York, serving clients with a net worth of more than $ 15 million. Her experience shows that, after major events such as the 9/11 terrorist attacks and the 2008 financial crisis, marriages are under a lot of pressure. But the current crisis caused by Covid-19 is much worse. “I’ve never seen anything like this before,” says Chemtob.

In a time of growing divorces, having a private judge can allow clients to control schedules and bypass backlog cases facing public judges. Divorce attorneys say these judges can cost anywhere from $ 800 an hour to $ 20,000 a day.

“You are paying for a premium divorce package from AZ,” said Elizabeth Lindsey, an Atlanta divorce attorney and president of the American Association of Marriage Lawyers.

Since the outbreak of the pandemic, many wealthy people have broken up with their spouses, including celebrities such as American singer Kelly Clarkson, fashion designer Mary-Kate Olsen and singer and songwriter Shane Lynch.

Lawyers say some super-rich people want an immediate divorce, not only because they can’t stand the conflict, but also because there is less need to divide their assets. Lawyer Chemtob – who has received divorce claims from real estate operators, restaurant owners and retailers – shared these people filing for divorce while their property values ​​were low, because The property is usually priced at the date of divorce filing.

“They use their financial advantages to handle divorce quickly. Clients say ‘My total revenue goes down and if I apply now my spouse will get less,'” Chemtob said. .

Bao Nhien (Follow Business Insiner / New York Times)

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