...Executive Summary - Divorce Group 1 Statistics and History - Anteous Lewis 1 Types of Divorce - Christopher Leto 3 Conflicts and Negotiations - Spencer Griffin 6 Third Party Negotiation - Tiquoia Francis 7 Effects and Influences on Family Life - Joshua Norman 8 Works Cited 11 Statistics & History - Not surprisingly, divorce rates have only increased over time. There are a variety of factors that contribute to this, including general attitudes towards divorce and marriage in society. While statistics reveal a steady increase in divorce rates, it wasn't until the 70s that divorce became statistically prevalent. According to the CDC's report 100 Years of Divorce and Marriage Statistics, divorce rates went from less than 3% to almost 7% from the late 1800s to the late 1960s. There were a variety of factors that influenced divorce rates. The statistics below show the percentage of divorces that occurred out of the total number of marriages for a given year. Prior to 1867, divorce statistics were not recorded. While there certainly was a stigma attached to divorcing a spouse in the 1800s, divorce still happened on occasion. One factor that influenced divorce statistics at this time was the fact that women, outside of marriage, had very few economic opportunities. While the trend thus far in history had been for the divorce rate to increase, this isn't quite the case with the 30s. Due to the depression in the 20s, many couples stayed together...
Words: 3338 - Pages: 14
...Davis, 370. U.S.65,62-2 USTC Paragraph 9509 (1962) FACTS: Davis and his former wife went into a divorce settlement which allowed his former wife to have certain personal property that was 1,000 share of stock after they divorced. To execute the agreement, Mr. Davis transferred 500 shares of stock with $74,775.37 basis in 1955 when the market value of the stocks is $82,250. Mr. Davis believed that the transfer was a nontaxable event. However, the Commissioner claimed that Mr. Davis should be taxed on the gain realized in the transfer. They brought the disagreement to the United States Court of Claims first, and the Court of Claims ruled in Mr. Davis’ favor. Then, the Commissioner appealed this case to the Court of Appeals which ruled in the Commissioner’s favor. Finally, the case reached the United States Supreme Court. ISSUE: Whether the transaction to fulfill the marital settlement is a taxable event, and if it is a taxable event, how to determine the taxable gain realized of the transaction. HOLDING: Yes, the transfer of the property to release the husband’s marital obligation is a taxable event. The amount realized in the transaction should be equal to the market value of the property at the time of transfer. LEGAL ANALYSIS: Both the Tax Court and the Court of Appeals for the Sixth Circuit stated that the appreciated property transferred to fulfill the divorce settlement had no tax effect on the transferor because the market value of marital rights which were the amount...
Words: 584 - Pages: 3
...Is an agreement pertaining to property made in a divorce settlement considered unenforceable because it is an invalid restraint on alienation under Tennessee law? In McGahey v. Wilson, 2001 Tenn. App. LEXIS 499, husband and wife purchased land together and built a residence during their marriage. Later, the two divorced. A property settlement agreement was brought about. In the agreement, both made the decision that the property could not be sold unless both parties mutually agreed to sale. The wife sought a partition sale of the property, approximately 15 years after the divorce. The husband objected. The case was referred to a special master by the trial court. “The special master found the settlement agreement provision restricting the right to convey the property was unenforceable as it violated public policy by restraining the free alienation of property. The trial court found the bar on the sale could only be enforced for a reasonable time, and that a reasonable time had passed. After the trial court entered a corresponding order, the appellate court found that the provision was unenforceable because the agreement provided no time limit and no basis for determining why the parties agreed to the provision.” McGahey v. Wilson, 2001 Tenn. App. LEXIS 499 (Tenn. Ct. App. July 17, 2001) In our case, Anna and Mark purchased a condominium with marital funds as tenants by entirety. Thereafter, they decide to divorce, which forms tenancy in common. Both parties wanted continue...
Words: 444 - Pages: 2
...ex-husbands and should get more money in their divorce settlements have won their Supreme Court fight. Alison Sharland, who accepted £10m in her divorce, and Varsha Gohil, who got £270,000, say the men hid the extent of their wealth when the deals were made. The court indicated that both claims would return to the High Court. After the ruling, Ms Sharland said she was "relieved" and Ms Gohil said there were "no winners in divorce". The ruling could pave the way for many more people to seek to renegotiate their divorce settlements. BBC legal correspondent Clive Coleman said it was an "incredibly significant ruling" that meant a division of the parties' financial assets had to be based on a "valid agreement". "If one of the parties is dishonest, if they are misleading about what their assets are, then this is a very clear signal that the other party can go back to court, can have the agreement set aside and can have the whole thing considered again," he said. Ms Sharland, from Wilmslow in Cheshire, believed the £10m settlement she accepted in her 2010 divorce from her husband Charles, a software entrepreneur, represented half of his wealth. Under the settlement, the 48-year-old would also receive 30% of the proceeds of shares held by her husband in his company when he sold them. Varsha Gohil and Alison SharlandImage copyright PA Image caption Varsha Gohil (L) and Alison Sharland previously had their cases rejected in the Court of Appeal It later...
Words: 580 - Pages: 3
...Running Head: I SAID, “IT’S FOR THE KIDS”! 1 Negotiating a Divorce for the Kids Keller Graduate School Abstract Running Head: I SAID, “IT’S FOR THE KIDS”! 2 Conflicts are a part of everyday life. These conflicts are solved through negotiation. The most important element of effective negotiation, is preparation, preparation, preparation Divorce negotiations can be very stressful and highly emotional especially when kids are involved. These negotiations can also be complex because they mix both personal and business issues. Divorce negotiations, by definition, means that you should not go in expecting to get everything you ask for. You and your spouse are negotiating, which means there is a middle ground which the two of you are likely to reach if you both put in the effort. The divorce of John and Mary has all the elements of complexity. The couple has been married for 17 years; they have four minor children, two homes, three cars, a boat, and two dogs. They are also co-owners of a Screen printing business. Both John and Mary strongly feel they are best suited to raise the kids. Each feels that their viewpoint is correct and issues are more important than the other. Running Head: I SAID, “IT’S FOR THE KIDS”! 3 According to Wikipedia, (n .d) “Negotiation is a dialogue between two or more people or parties, intended to reach an understanding, resolve point of difference, or gain advantage in outcome of dialogue, to produce an agreement upon courses of...
Words: 3226 - Pages: 13
...Tennessee. At the time of their divorce in 2004, they both agreed in their settlement to jointly maintain ownership of the property and further agreed that as long as they are living they cannot sell, encumber or partition the condominium without the consent of the other party. 12 years elapse and Mark is in financial trouble and wants to sell his interest in the property. Anna refuses because she wants to continue to use the condo and she cannot afford to buy him out. Mark brings an action to partition the condo claiming that the clause in the settlement agreement is unenforceable because it is an invalid restraint on alienation. Is the clause in the settlement agreement enforceable and not an invalid restraint on alienation? The Tennessee Code states: “Any person having an estate of inheritance, or for life, or for years, in lands, and holding or being in possession thereof, as tenant in common or otherwise, with others, is entitled to partition thereof, or sale for partition, under this chapter.” Tenn. Code Ann. § 29-27-101 McGahey v. Wilson: Acreage and a residence were owned by the parties as tenants in common. Upon dissolution of the marriage, the parties entered into a settlement agreement wherein they agreed to retain co-ownership of the property. It was agreed that the parties could not sell the property unless they both agreed. 15 years later, the wife sought a partition sale to which the husband objected. The trial court referred the case to a special master who...
Words: 1057 - Pages: 5
... After 72 days of marriage, Kim Kardashian files for divorce. Her reason being irreconcilable differences. Soon after the news of Kardashian filing for divorce, Humphires states, “…I love my wife and am devastated to learn she filed for divorce…I’m willing to do whatever it takes to make it work…” Before marriage a prenup was signed on both sides. Kris Humphries later files a response to Kardashian’s legal papers, seeking an annulment rather than a divorce. He claimed that their 72-day marriage, was simply based on Kardashian...
Words: 453 - Pages: 2
...Assignment #3 Forensic Accounting in Practice Professor Demetrius Carolina, Sr. Bus 508-Contemporary Business February 16, 2013 The purpose of my paper is to explore Forensic Accounting and the many aspects surrounding the field. I will determine the skills necessary to be a forensic accountant and its application to business operations. I will also describe the role the forensic accountant plays in a courtroom environment and the role played by the forensic accountant in the litigation process. I will also provide case examples where forensic accountants are used and have provided vital evidence in the case. Today, forensic accounting is a rapidly growing segment of the accounting practice, and the current demand for forensic accountants far outstrips the current supply. Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Have you ever been cheated, robbed or financially hurt by actions of others? Well, out of those feelings civil lawsuits arise based on the desire to reclaim what one perceives he/she has lost unjustly. Financial loss isn’t always easy to define or measure. So, the important task of investigating and quantifying the financial loss normally requires the expertise of a forensic accountant. A forensic accountant is a professional who uses a unique...
Words: 2645 - Pages: 11
...had their lawyers insert the following clause into their divorce agreement: "Both parties hereto agree that as long as both parties are living, neither party may sell, encumber, or otherwise partition our condominium in Gatlinburg, TN without the consent of the other party." In 2012, Mark has some financial difficulties and really needs the money he could get from selling his share of the condo. Anna, who still wants to continue to use the condo, will not give her consent on selling and cannon afford to buy him out. Mark seeks an action to partition the property, stating that the clause that was placed in the divorce agreement is not enforceable because it is an invalid restraint on alienation. There are two issues to address here. The first one is whether or not the agreement Mark and Anna made is an invalid restraint on alienation. Once that issue is addressed, it can be determined if it is enforceable or if the action to partition should be granted. In Connie McGahey v. James Wilson, 2001 Tenn. App. LEXIS 499, McGahey and Wilson had purchased land together as tenants by the entirety while they were married. When they divorced, they entered into a property settlement agreement that included a provision that the parties agreed that the property could not be sold unless both parties gave consent. When Connie sought an action to partition fifteen years later, the special master that was appointed to the case by the trial court found that the agreement was...
Words: 676 - Pages: 3
...Running Head: Research Paper – Effect of Divorce on Parenting Derin Ireyomi 103091991 University of Windsor 02-48-305 Dr. Omorodion Abstract In the past two decades, the trend of divorce and shared custody has increased and affected the lives of almost 57% of couples and their children (Boyan, 2003). Divorces have been known to have a huge effect on parenting practices of both the mother and the father. For the complete and balanced development of children and adolescents, the involvement of both the father and the mother is extremely crucial. From playing and socializing during the primary years to negotiation, monitoring and supervision in early teens, both the mother and father play equal guiding roles in the development of children (Boyan, 2003). Introduction Children who have both parents feel successful, competent and happy, when both parents are involved in their lives (Markham et al, 2012). Conversely, children who live with a single parent are more likely to feel unhappy, depressed, and garner an awkward feeling (Schwartz, 2006). Additionally, couples involved in the divorce also experience a huge effect on their parenting practices and their daily lives as well (Sayer, 2006). This paper will investigate the negative effects divorce has on parenting practices and how it will affect the way the children are raised. Through this, I will analyze the evidence provided in the articles by Sayer (2006), Pruett (1998), Schwartz (2007), and other authors to determine...
Words: 2799 - Pages: 12
...are used to help clarify and resolve a wide number of legal disputes, including shareholder disagreements, malpractice claims, insurance claims, business dissolutions, bankruptcy proceedings, and divorce proceedings, as well as fraud and embezzlement. ("Forensic accounting,") Determine the most important five (5) skills that a forensic accountant needs to possess and evaluate the need for each skill. Be sure to include discussion regarding the relationship between the skill and its application to business operations. Depending on the nature of the case, the skills necessary of the forensic accountant may vary. However, there are skills that all forensic accountants should have; • Oral communication skills- having the ability to effectively communicate and explain the findings of a case, especially in a courtroom environment is important. The FA should be able to disseminate information about company’s records and explain the importance of any interview they held with witnesses. The testimony of an FA must be able to convince the Judge in any court case. They are responsible to explain findings to a Judge and jury. Having good oral communication skills helps them to convey effectively to lawyers, police, customers, offenders, private investigators, or anyone involved with the case. (Hyder, ,...
Words: 1709 - Pages: 7
...Davis, 370. U.S.65,62-2 USTC Paragraph 9509 (1962) FACTS: Davis and his former wife went into a divorce settlement which allowed his former wife to have certain personal property that was 1,000 share of stock after they divorced. To execute the agreement, Mr. Davis transferred 500 shares of stock with $74,775.37 basis in 1955 when the market value of the stocks is $82,250. Mr. Davis believed that the transfer was a nontaxable event. However, the Commissioner claimed that Mr. Davis should be taxed on the gain realized in the transfer. They brought the disagreement to the United States Court of Claims first, and the Court of Claims ruled in Mr. Davis’ favor. Then, the Commissioner appealed this case to the Court of Appeals which ruled in the Commissioner’s favor. Finally, the case reached the United States Supreme Court. ISSUE: Whether the transaction to fulfill the marital settlement is a taxable event, and if it is a taxable event, how to determine the taxable gain realized of the transaction. HOLDING: Yes, the transfer of the property to release the husband’s marital obligation is a taxable event. The amount realized in the transaction should be equal to the market value of the property at the time of transfer. LEGAL ANALYSIS: Both the Tax Court and the Court of Appeals for the Sixth Circuit stated that the appreciated property transferred to fulfill the divorce settlement had no tax effect on the transferor because the market value of marital rights which were the amount...
Words: 333 - Pages: 2
...Pre-Mediation Information Gathering and Client Intake Unit 3 Assignment: Pre-Mediation Information Gathering and Client Intake Latanisha Sawyer Kaplan University PA415: Family Law and Divorce Mediation Prof: Ally Howell 09/09/2012 Pre-mediation Questions: 1. What mutual concerns do David and Angela have? What are their individual concerns? A mutual concern of David and Angela is that they both have lost ambition and this in turn has placed a strain on their marriage. Angela feels as though David has become increasingly distant in their relationship and has accused David of committing adultery. David at the beginning of the relationship was outgoing, but that has since changed placing strain on the relationship. David has denied any allegations of adultery, but feels as though Angela does not try hard enough at her job. Angela works as an accountant, but is very un-happy with her job and whether writes screen plays. 2. How would you, as a mediator, begin to facilitate avenues of communication between Angela and David? I would first set up an initial consultation and it would be at this time that I would administer the Intake Form. Prior to meeting with the couple separately I would review the Intake Forms. I would screen for abuse, but barring in mind that I cannot mediate the abuse occurrence itself. Should it be found that there was an existence of abuse I would take time with each individual separately to clarify and assess the abuse in the relationship...
Words: 1098 - Pages: 5
...financially. Here are some of the issues: 1) He is planning on filing for divorce. His wife, Rotunda is a large and violent woman who has spent every penny Bill has made over the years. She has a moustache, missing a few front teeth and generally not a nice person. Ethical issues: Bill and Rotunda’s marriage seemed to change after the birth of their last child. Rotunda’s personality changed and she even put on extra weight. Rotunda continued to spend every penny of her husband’s hard earned money. Ethically, he has every right to want to file for divorce. Bill using the fact that she has a moustache and missing teeth are not a factor here. The mention of Rotunda being violent could be an issue as the divorce proceedings are under way. Choosing to divorce a person should be based on something that isn’t going quite right. You do not need to have a specific reason at all to request a divorce, but most states do have the option of using one of the grounds for divorce as your reason. Having one of these reasons can help your case, but if the two of you are not happy, then a no fault divorce would be the way to go. You are both on level ground and can go your separate ways without your record being tarnished. Choosing to get a divorce is not always an easy decision for either party. Sometimes there is a very good reason to get the divorce and other times, the two people have just grown apart and no longer wish...
Words: 3424 - Pages: 14
..."Code of Muslim Personal Laws of the Philippines." Article 2. Purpose of Code. Pursuant to Section 11 of Article XV of the Constitution of the Philippines, which provides that "The State shall consider the customs, traditions, beliefs and interests of national cultural communities in the formulation and implementation of state policies," this Code: (a) Recognizes the legal system of the Muslims in the Philippines as part of the law of the land and seeks to make Islamic institutions more effective; (b) Codifies Muslim personal laws; and (c) Provides for an effective administration and enforcement of Muslim personal laws among Muslims. TITLE II. CONSTRUCTION OF CODE AND DEFINITION OF TERMS Article 3. Conflict of provisions. (1) In case of conflict between any provision of this Code and laws of general application, the former shall prevail. (2) Should the conflict be between any provision of this Code and special laws or laws of local application, the latter shall be liberally construed in order to carry out the former. (3) The provisions of this Code shall be applicable only to Muslims and nothing herein shall be construed to operate to the prejudice of a non-Muslim. Article 4. Construction and interpretation. (1) In the construction and interpretation of this Code and other Muslim laws, the court shall take into consideration the primary sources of Muslim law. (2) Standard treatises and works on Muslim law and jurisprudence shall be given persuasive weight in...
Words: 6433 - Pages: 26