Maureen Dempsey's picture

Japanese Women Slow to Remarry

Posted to Relevant News by Maureen Dempsey on Fri, 08/29/2008 - 11:50am

The Washington Post recently reported on Japan's declining marriage rate. Short story: Men are looking to wives to take over maternal roles, and that scenario isn't very appealing to most single Japanese women:

"There is the rarely stated but almost universal expectation of Japanese men to be fed, clothed and picked up after. 'I am willing to take care of and give comfort to a man whom I care about, but that does not mean I want to be his mother,' she said."

In fact, WaPost found that women who had married were less likely than their male counterparts to remarry after divorce. The article states that post-divorce, men are unhappy and remarry quickly, while "the women are relatively happy and often delay remarriage." Perhaps it's the "burn me once" theory?

In addition to the lack of women looking to take on the mommy role, a stalled economy and a posh home life are keeping adult children in their parents' homes. A Calgary Herald piece from early August reported that Japanese parents — fed up with housing, feeding, and taking care of their single adult children — were taking matters into their own hands and organizing events exclusively for parents to find mates for their children.

"A government report from 2005 showed 71.5 percent of men aged 25 to 29 were unmarried, compared with 47.1 percent in 1990. For women, 32 percent from 30 to 34 years of age were single, compared with half that number in 1990."

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Football great Michael Strahan has been granted a Giant relief. A New Jersey state appeals court has ruled that he didn't have to pay $18,000 a month in child support of his 3-year-old twin daughters as part of his divorce settlement with his ex-wife, Jean.

But Jean isn't going to be shopping at the Dollar Store any time soon. In their bitter divorce, where nasty accusations flew like fumbling footballs, she caught a $15.3 million settlement, slightly more than what was specified in their prenuptial agreement. Strahan paid around half of that, and they recently settled a dispute over the remaining $6.5 million.

The court sent the child support case back to a lower court in Essex County and ordered it to recalculate the amount. Judge Lorraine Parker, one of the three judges involved in the decision, wrote, “Both parents have a shared obligation to support their children.”

In the decision, Judge Parker said that “as a healthy, educated, 41-year-old, [Jean Strahan] is capable of earning her own income.”

Perhaps Jean Strahan overstepped when she made certain claims for her daughters’ expenses, including $30,000 a year for landscaping, designer handbags, and $22,000 for baby pictures.

The three-judge panel also ruled that Strahan doesn’t need to pay for his wife’s lawyers, nor does he need to get a multi-million dollar disability policy.

Strahan announced yesterday that he has not accepted a request from the Giants to return to the team. Vacationing in Greece, he said he preferred to stay retired. It would have been his 16th season of professional football.

His salary would have been $8 million a year.

Instead he will receive a $2 million salary working for Fox Sports pregame Sunday show covering the National Football League.

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The divorce is over, and you are on your own. You have a lot of big decisions to make, but the one about car insurance should be easy, with the following tips from consumer-finance expert Ethan Ewing.

In fact, it begins when you buy a car.

Plan your purchase. You will save right out of the gate if you opt for a car without a lot of bells and whistles. Turbo features, for instance, often raise premiums because insurers think that, if you choose turbo, you are more likely to speed. And look up which cars have the highest theft rates – generally speaking, the imports like Honda Accord, Honda Civic, Toyota Camry, Nissan Sentra, the Toyota pickup, and some domestic makes like the Dodge Caravan, Ford F150 Series, Saturn SL and the Dodge Ram pickup. Out West and down South, full-size pickups are often the most vulnerable. If a car is likely to be stolen, it will often cost more to insure.

• If you live in a city, compare the cost and convenience of parking in a garage to what you will pay extra in theft insurance if you park on the street.

• Pay bills on time and pay overdue debts. Insurers take credit scores into account when determining rates. You can raise your score as much as 20 points in a month just by paying on time.

• Determine liability coverage: Basic liability covers damage to property or injury to other people as well as court costs. Each state has minimums. Liability coverage is expressed in three numbers, generally noted in thousands of dollars. The first is liability for one person hurt in an accident. The second is a maximum for all injuries in one accident: you, your children, their friends. The third covers property damage. So, 25/50/15 covers $25,000 for one person's injuries; $50,000 for all injuries; and $15,000 in property damage.

• Determine collision coverage, which insures a vehicle against damage from an accident.

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Maureen Dempsey's picture

Legal Fees Topping $1 Mil More Often

Posted to Relevant News by Maureen Dempsey on Mon, 08/25/2008 - 3:24pm

Canadian web site globeandmail.com reported recently on what may be a national record. Nope, not the Olympics. The length and cost of a Vancouver couple's divorce proceedings.

Bernard Lotzkar and his former wife, Marian, appealed the $1 million legal bill that followed their 29-day court hearing. The former couple squabbled over everything from inheritances (justified) to gold coins (really?) to airline mileage points (oh, c'mon!).

The former Ms. Lotzkar's attorney "...billed her for 904 hours; his associate ... for 1,464 hours. Bills were also sent out for two lawyers who spent a total of 210 hours on research."

Just to put this in perspective, Britney's legal fees amounted to less than $750,000.

But who to top the Canadians than the Americans? Last year, a Connecticut couple spent 86 days in court and racked up a $13 million, according to The Hartford Advocate.

Let's hope we don't have more stories to file under "ridiculously expensive court cases" anytime soon.

Last week we looked at a house we loved in a great neighborhood with a great school, a few blocks from Lila's best friend.

And the landlord loved us. Told us we were her first choice, she just needed to do a quick credit check and get back to us. Then she fell right of the edge of the Earth. Stopped returning Sam's calls.

I knew she got the scores and decided to hold out for a situation where both the applicants AND there Equifax report were equally loveable. Five days later when I emailed to check-in, I got this response:

I'm so sorry Elaina but your credit reports came back with scores that were quite low and our financial guy recommended we not go in that direction. Simultaneously, another interested party decided that they also wanted the house. We ran their credit the next day and it was acceptable. We are wraping (sic) up the deal with them. As you know these things can fall apart at the last minute. If it does fall through, I will talk to my business partner about the idea of working together to see if we can figure out a way to make it work. Perhaps some way that you would pay a higher deposit or something.

Good luck to you and I must say that I also really enjoyed our interactions.

Regards, ....

I must say I wish she'd enjoyed our interactions enough to figure out a way make it work before wrapping up the deal with the applicants who came after us. Or at least enough to call back and say it wasn't working.

I get that rental houses are financial investments and have little to do with humanitarianism. The frustrating thing is we have excellent rental histories, both together and separately, And, irony of ironies, my credit sucks because paying rent on time is always top priority.

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How much does a divorce cost? I don't mean the mental costs or even the cost of finding another place to live and all that jazz.

What I'm talking about is the actual cost of going to a lawyer, retaining his or her services, and paying for the lawyer to do whatever divorce lawyers do. I'm guessing they have to draw up documents, negotiate, and answer about a million questions from people like me who are confused and scared out of their minds.

So how much does this cost? I'm guessing it depends on what's involved. If I was to leave my guess is that the divorce would be contested and there would be custody issues. Does this cost more than an uncontested divorce?

When I did an initial search for divorce lawyers I was surprised to see that some of them offered payment plans. Financing a divorce? I was flabbergasted. It must cost a great deal of money if it needs to be financed.

Yes, I'm naïve. I haven't built up the nerve to actually make an appointment with a divorce attorney because I'm terrified of starting the process. Going in to see a lawyer and asking the question of how much it will all cost means that I'm really going through with it, and I just don't know if I'm ready to do that.

So instead of getting an educated estimate of the costs involved, I worry about if it's something I can afford or if I'll wind up financing it.

What a thing to finance. The very thought scares the heck out of me.

According to news reports this week, Britney Spears is planning to contest some of her divorce attorney’s legal fees, arguing that they are too high.

Whether you’re Britney Spears or Brittany Smith, divorce can be a costly venture – and being overcharged by a divorce attorney can be a real issue.

According to FWW’s Diana Mercer, a California attorney who specializes in mediation and is the author of “Your Divorce Advisor,” when clients feel they’ve been overcharged, the first step is to ask for an itemized billing and compare it against your own notes of phone calls, court dates, letters, and work you know the lawyer did.

“Your best action is to do this all along during the case,” she says. “Most attorneys bill you each month (and if they don’t, ask them to) so review your bill carefully each month and bring it to the attorney’s attention if you think you’re not getting good value for your money.”

Attorney Gregg Herman, the family chair of the American Bar Association, says that the client should also reflect on the conversations they have had with the lawyer.

“Good professional lawyers always assess the cost/benefit ratio to a client in recommending a particular course of action,” he says. “Ask to meet with your lawyer to discuss your concerns. Perhaps the lawyer can explain the bill to your satisfaction — or make an adjustment so that you are both comfortable with it.”

If talking with the attorney doesn’t give you the result you’d hoped for, you can ask the local bar association about its fee dispute mediation program.

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Jill Brooke's picture

Britney Spears Wants to Shave Legal Fees

Posted to Relevant News by Jill Brooke on Wed, 08/20/2008 - 2:12pm

Britney Spears is finding, like the rest of us, that divorce can be expensive. Not only emotionally, but financially.

To resolve her custody dispute with ex-husband Kevin Federline, the belly-baring singer had to pay her attorney $466,000 and his lawyers $250,000. Those bills are enough to give anyone a major bellyache.

Federline was granted full custody of their two sons but she does get overnight visits.

Spears and Federline married in 2004 and divorced last July. She is one of a growing number of women who pay "manimony" — Federline gets $20,000 a month from Spears.

But considering her immature antics, irresponsible behavior, and two hospitalizations, most saw Federline as a better alternative to parent.

However, news reports say that Spears is now expected to contest part of the legal bill as being too high.

According to Us Magazine, the largest bill comes from attorney Stacy D. Phillips, who says in court filings that she is owed nearly $407,000 for four months of work. Phillips claims she has written off another $125,000 in fees.

Phillips states in court documents the case was made more complicated because Spears is under the temporary conservatorship of her father, James. He took control of his daughter's personal and financial affairs after a series of high-profile incidents of erratic behavior and two hospitalizations.

Any payments will have to be approved by a Los Angeles court commissioner, and attorneys representing Spears' and her father's interests indicated last week in court they intend to contest Phillips' bill.

Diana Mercer, a California attorney who specializes in mediation, says she is sympathetic to Britney Spears’s lawyer.

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We've been looking for a place to rent for almost two months, but we're still in the same broke boat, with the same crappy credit we had two years ago when I left.

And just like when I left, and all the long years leading up to it, the weight of financial pressure creates this ongoing competition for resources that exacerbates all of our other problems.

Sam says I'm more stressed about it than he is.

He says it to me and he says it to our therapist, then we walk out of the appointment and he accuses me of wanting more than I actually want, of wanting to keep up with the Joneses, when actually I could not care less about anyone else's lifestyle.

I don't want a McMansion. I just want to get by without struggling.

It's the same old fight.

Not being able to support our family makes him feel inadequate, and I know it's true because when I left because he owned up to it. Admitted the nasty things he said were about being angry with himself, not me.

So I call him on it, and he apologizes. It's an improvement I'm willing to work with.

Our therapist once told me finances are cited as a key factor in 80 percent of divorces. Money is the number-one point of contention in marriages. I'll buy that. There's so much stuff bound up in dollars.

Like they say, money is power. So, of course, there's contention about who spends it and how. That's assuming there's money to be spent.

Those arguments feel luxurious to me. We don't get to fight about whose spending irresponsibly. More likely, I ask Sam to ask his family for a loan; he refuses. Or what we are going to do about child care this fall because we owe Lila's pre-school more than it cost me for a year of college back in the day, and until we pay it down, we can't use their before and after care program.

Sam and I both work hard at jobs we love, but we don't make much money doing it.

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Jill Brooke's picture

Phil Collins’s Record Divorce Payout

Posted to Relevant News by Jill Brooke on Mon, 08/18/2008 - 12:02pm

Phil Collins isn’t having Another Day in Paradise this week, because he will be paying his third wife, Swiss-born Orianne Cevey, around $47 million in their divorce case, the largest payout ever by a British entertainer.

But at least the 57-year-old singer-songwriter has had a Groovy Kind of Love in the past few years with WCBS-TV anchorwoman Dana Tyler, a divorced woman, 49, who at least is closer to his age.

The two met when Tyler interviewed him in 2005 and they realized there was something In the Air Tonight.

Cevey acknowledged in a later interview that the couple had grown apart in 2005, and were leading Separate Lives. “We really got on well and then we realized our interests were not the same anymore,” said Cevey, 35, who met the singer when she was 22.

But she says, he will always Be in My Heart since she is looking on the “positive side.”

He has agreed that That’s Just the Way It Is, and, frankly, I Don’t Care Anymore.

Collins will keep a home in near Lake Geneva, in Switzerland, near their two young sons, Nicolas, 8, and Matthew, 4, as well as a bachelor pad in New York and a home in England.

But this is shaping up to be a far more amicable divorce than his previous two. Maybe he has learned from experience.

To end his relationship with his second wife, Jill Taverman, after he met Orianne, Collins gave her the heave-ho via fax. Apparently he couldn’t wait One More Night.

(The fax maneuver was worthy of the Artful Dodger.)

However, he still was generous in his divorce settlement, which at the time was more than $34 million for a 14 year relationship. They had a daughter, Lily, together.

Collins also had an earlier marriage to Andrea Bertorelli, which ended in 1980, and produced two children, Simon, 28, and Joelyi, 33.

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