Economic Indicator: Divorces Up with the Rest of Economy

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Family law attorneys at SmolenPlevy have seen an increase in the number of couples filing for divorce in the first half of 2013. The reason: couples feel the worst of the recession has passed and they are now financially able to separate.

Couples once again have assets, not just debts, to divide. They’ve survived the hard times. They’re at a point where they can afford to begin to live separate lives.

Home sales are up. Car sales are too. The stock market is at record highs. And there’s yet another sign of an economic recovery: divorces are back on the rise.

Family law attorneys Alan Plevy and Kyung (Kathryn) Dickerson of SmolenPlevy in Vienna, Virginia have seen an increase in the number of couples filing for divorce in the first half of 2013. Plevy says a reason for the increase: divorcing couples feel they’ve finally made it through the worst of the economy--and are financially able to make changes.

“Couples once again have assets, not just debts, to divide,” explains Plevy. “They’ve survived the hard times. They’re not upside down in their homes anymore or fighting over who gets stuck with the bills. They’re at a point where they can afford to begin to live separate lives.”

The recession forced couples to stay together because they couldn’t afford to take the steps necessary to divorce. It wasn’t uncommon to see unhappy couples remaining in the same home – dividing space in the refrigerator, having separate days in which each would be responsible for feeding their children, etc.

While couples are now starting to file divorce suits, Dickerson says the recession has made them more conscious of their finances. “They’re trying to avoid putting themselves in significant debt,” says Dickerson, who says couples are settling earlier to avoid the costs associated with litigation. “Preparing for and then spending days at trial can significantly increase the cost of a divorce. Fiscally, it is better for the whole family if the parties are able to compromise and reach resolution of the issues involved in the dissolution of their marriage, which may include issues of custody, support and the division of property.” Adds Plevy, “Deciding not to spend the money on private investigators, bringing friends and family as witnesses and spending days in the courtroom saves everyone time and money.”

Alan Plevy and Kyung (Kathryn) Dickerson are available for media interviews on this and other Family Law issues. SmolenPlevy provides personalized legal representation to individuals, families and businesses in the Washington, D.C. area. The firm has achieved the coveted “AV” rating from Martindale-Hubbell, confirming the firm’s commitment to excellence in legal abilities and professional excellence.

About SmolenPlevy:
Founded in 1977, SmolenPlevy provides high quality legal representation to individuals, families, and businesses. SmolenPlevy’s individualized and zealous representation of its clients has earned the firm the respect of the community and legal field. Its members are active in their communities and have been appointed to positions of leadership in various legal organizations.

SmolenPlevy has achieved the coveted “AV” rating from Martindale-Hubbell, confirming the firm’s legal abilities and professional ethics as being of the very highest standard. Located in Vienna, Virginia, the firm focuses on Business and Commercial, Estate Planning, and Family law. To find out more about SmolenPlevy, please visit their website at http://www.SmolenPlevy.com or contact the firm by phone at (703) 790-1900.

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Marc Silverstein
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