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Marriage rates have declined by 66% since 1950, according to a recent study by the University of Maryland. The study also highlights the increase in the average age of couples when they actually marry. This increase reflects a societal shift in how Americans view marriage and relationships. Notably, two-thirds of married couples lived together prior to marriage, while other couples chose cohabitation as a committed alternative to marriage.
Couples who live this type of lifestyle may unknowingly open themselves up to significant legal consequences if they break up. The line between matrimonial law, commercial litigation and estate planning blurs when unmarried couples begin to acquire real estate, open joint financial accounts, and generally become financially interdependent on one another. When the relationship ends, the couple may seek the advice of a family lawyer to address the problems this non-traditional family is facing.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.