The names and some basic facts have been changed to protect
the identify of the parties.
Michael
Michael came to us with a list of how he and his wife
were going to divide their assets. They had no children and nearly every
financial aspect of their lives was identical. They earned similar incomes,
had similar amounts saved for retirement, etc. They owned a duplex and
they had agreed that Michael would pay his wife $25,000 for her share
of the equity and move on.
After we filed for divorce, her attorney sent us a long
set of interrogatories, which are a long, detailed list of questions
regarding assets. We called the attorney and explained that the parties
had an agreement. He stated that there would not be an agreement until
he had a full grasp on the assets. So after our client answered the
interrogatories, the other attorney served a number of subpoenas on
our client’s employer and the parties’ financial institutions,
even though we had already provided him with current statements. In
the meantime, the very amicable relationship of the parties had fallen
apart. The wife had moved into the lower flat and by the end of the
case, they were each breaking into each other’s flats, taking
and hiding personal property and there were Personal Protection Orders
against both of them. Finally, we get to mediation. After 5 hours of
mediation, the wife accepted $24,000 to settle the case.
I would
estimate that the wife spent approximately $10,000 on her attorney fees.
Therefore, she cost herself nearly $11,000 by choosing the wrong attorney.
Deborah
Deborah was a stay at home mother. Her husband worked
in an auto plant and had a number of domestic violence convictions and
so many drunk-driving convictions that he no longer possessed a drivers’
license. Notwithstanding the long odds, the husband insisted on contesting
custody of the children and his attorney did not explain that it was
unlikely that he would be awarded custody. After completing discovery
regarding custody issues, the parties appeared at the Friend of the
Court (FOC) for an investigation. During the investigation, the FOC
counselor told the husband that if he did not agree to his wife having
custody, she was going to recommend that he have supervised parenting
time. Later in the day, the husband’s attorney called and explained
how the FOC counselor did a good job explaining that his client was
not going to win on the issue of custody and that he was going to give
up his custody fight.
His attorney
then withdrew from the case because the retainer fee had been depleted.
We later learned that the husband had taken a $5,000 loan from his 401K
to pay the retainer fee, causing both parties to receive less in the
property settlement.
Beverly
Beverly and her husband had limited incomes. The primary
marital asset was Beverly’s doll collection. Beverly’s husband
did not hire an appraiser, but had another collector look at the collection
and give him a ballpark value. The collector did not open any of the
boxes to check the condition of any of the dolls and gave the husband
a value based on the assumption that all of the dolls were in very good
condition. The wife believed that the collector valued the collection
approximately 50% too high. Beverly’s husband was very spiteful
and during mediation, he insisted that he keep Beverly’s doll
collection and was willing to pay Beverly the amount the collector had
valued the collection. In trade, he agreed to give Beverly nearly all
of the parties’ retirement accounts, even though he did not have
a retirement plan through his employer.
Beverly had proposed selling the collection, dividing
the proceeds and dividing the retirement accounts equally, which would
have given the husband some retirement savings and some cash in his
pocket, but he wanted to get revenge for the wife filing for divorce
and his attorney failed to explain the implications of his decision.
Therefore,
the husband ended up with less money from the doll collection and little
retirement savings, simply because his attorney failed to advise him
of the implications of the husband’s desire to seek revenge against
his wife by keeping her doll collection.