“Woman’s Divorce Finance” – Be Very Careful

In the Sunday, May 1, 2011 edition of the New York Times on page 25 of the main section there is a full-page ad for an organization called “Woman’s Divorce Finance. ”  The ad states “[W]e don’t just fund your divorce – we manage it.” The website for Woman’s Divorce Finance states” there are no up-front fees and no asset minimum  required….[and]  payment is based upon a percentage of the  assets and support payments you receive in any settlement or other legal  resolution of your divorce.”  The only access to the website to obtain more information requires an interested woman to fill out a form giving biographical information, the name of the person’s lawyer, if represented, income information and provide a narrative about the marriage and lifestyle. The site promises that someone will contact you as soon as possible. That’s it. The ad and website make no representations about or identification of the people or professionals – if indeed they are – who purportedly will “manage” and “fund” a woman’s divorce. It appears that the purpose of the ad is to suck a woman in, determine what the income and assets are and obtain a contingency fee based on what assets the woman receives or a percentage of support payments. The percentage  paid to “Woman’s Divorce Finance” is not specified in the ad or on the website.

The website pitch clearly implies that “Woman’s Divorce Finance” will control (“manage”)  the legal strategy and lawyer providing legal representation. There are ethical restrictions in most states which prevent non-lawyers from practicing law.  How “Woman’s Divorce Finance” gets around this detail is unknown. “Managing” someone’s divorce sounds like legal representation. A woman considering using Woman’s Divorce Finance” must be very wary. Make no mistake, the intent here is for Woman’s Divorce Finance” to profitably “manage” a woman’s divorce. Woman’s Divorce Finance thus has a financial stake in the outcome of the divorce settlement or litigation. In many states it is unethical for a lawyer to have a contingency fee or stake in the outcome of a divorcing party’s child support or alimony. If a lawyer  – or anyone else – has a financial interest – in the outcome they may not act in the client’s or the children’s best interest – but act in their own interest.

Anyone considering this option must be very careful. There will be a contract that Woman’s Divorce Finance will ask you to sign. Take this contract to your lawyer or a trusted professional advisor before you sign anything. You must completely understand what stake this organization has in your assets and support payments before you sign any contract. Equally as important, you must understand what Woman’s Divorce Finance will do to “manage” your divorce case and whether your lawyer will agree to be “managed.”

I would like to hear from women who have used Woman’s Divorce Finance to fund their divorce and about their experience and outcome. Please post a response.

About ncdivorcelawyer

Divorce and Family Law Lawyer in Raleigh, North Carolina. Carole is Fellow in the American Academy of Matrimonial Lawyers, listed in Best Lawyers in America and in Super Lawyers as one of the Top 50 Women Lawyers in North Carolina. Carole is a Board Certified Specialist in Family Law.
This entry was posted in Controlling Costs, Divorce Finances, Divorce: A Reality Check, Reasonable Expectations: There are no Miracles and tagged , , , , , , , . Bookmark the permalink.

2 Responses to “Woman’s Divorce Finance” – Be Very Careful

  1. Pingback: Dating Someone’s Ex | Spread Information

  2. Nah, surely this firm; which promises no upfront payment to women to wants divorce, is cooking beyond what other women see and think. They will absolutely entertain you and charge a big amount when they get to see that your case has potential in winning.

    online – http://www.aswdlaw.com/practice-groups/civil-litigation/personal-injury/

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