In today's stressed market, amicable divorce is not possible
Live MintFew life events are more emotionally and financially taxing than divorce. Disputes over who gets to keep the house became more contentious when mortgage rates doubled this year as a result of the Federal Reserve’s efforts to stamp out inflation, divorce lawyers said. Many divorce cases that were put on hold during the pandemic are now proceeding and are even more heated because of increased financial stress, said Jacqueline Harounian, a divorce lawyer in Carle Place, N.Y. Divorce rates fell almost 9% in 2021 compared with 2019, according to the National Center for Family and Marriage Research at Bowling Green State University. Higher mortgage rates change the way people think about their present and future homes, said Heidi Tallentire, a divorce lawyer who practices in New York and Connecticut. Many couples can’t afford to live apart right away, said Ms. Harounian, the divorce lawyer in Carle Place, N.Y.
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