Moneywise reports that divorce rates are set to rocket during 2010.
While divorce rate have fallen over the past decade, the recession has prompted increasing numbers to end their marriages.
Apparently many divorce settlements were delayed in 2009, but this is likely to change in 2010 as the economy improves and house prices increase.
SAS Daniels partner Shelley Hesford says:
“People realise that by delaying they are simply prolonging the agony – some of our clients have been sitting on the fence for months, but they now want to move fast and start new lives as quickly as possible.
“There is no doubt that an improvement in the housing market has been an influence, with more cash being realised from the sale of the marital home.”
Unbiased.co.uk chief executive Karen Barrett has this to say:
“Traditionally, more people file for divorce in January than at any other time of the year because they decide to take action after the Christmas break.
“While the credit crunch has resulted in many people putting off major financial decisions, seeking professional advice as soon as possible is always the best step to get your financial affairs in order.”
** Additional Information & Advice **
You can obtain further information about divorce on FindLaw.
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