What is Nesting? Top Family Law Attorney Peter M. Walzer Explains on ABC News
[Source: ABC 7 News]
It’s called nesting and it’s a different trend for couples with kids who are getting a divorce. Does it work?
Here to explain what nesting is and discuss some of the effects is top family law attorney Peter M. Walzer.
“Nesting is when a couple is separating or divorcing and they are trying to figure out what to do with their children. Should they be in separate homes or move the kids back and forth? Some people are going to keep the kids in the house and the parents are going to go back and forth. This can be a great thing for the kids and for the parents,” explains California divorce attorney Peter M. Walzer.
Is this sort of nesting new?
“It’s been publicized a lot. When Gwenyth Paltrow did unconscious coupling, people thought maybe there’s a different way to work things out. We don’t have to fight. Maybe we can work on an agreement. When Ben Affleck and Jennifer Garner got divorced or separated, they also set up an arrangement that benefitted the children,” states top family law attorney Peter M. Walzer.
What are some of the legal concerns?
“In California, this moves up the date of separation. And that’s when the parties divide their money and that can be very costly if the parties have not been advised by counsel. There are also tax considerations that can be dramatic if they don’t do it right,” voices top divorce attorney Peter M. Walzer.
Let’s talk about some of the financial effects it could also have.
“People say this is only for the rich, but maybe not. Maybe this can work for people of lesser means, because they want to keep the house. They don’t want to sell the house. There are tax benefits to it. So they can move in and out and both share the benefits of the house. This is an arrangement that works very well for wealthy people and less wealthy people who can’t afford to get separate homes,” says family law attorney Peter M. Walzer.
Is it practical for regular folks?
“It depends. If they were not getting along anyway, they aren’t going to get along after the separation. For most people, they don’t want to have to do anything with their ex. So I don’t see a lot of it. For the people that put the kids first, I think it can work,” states high net worth divorce attorney Peter M. Walzer.
Would it save money because you have one less rent to pay?
“It can be a lot cheaper. People have to work together. Most of our friends who are getting divorced are not working together,” explains top divorce lawyer Peter M. Walzer.
For more information on family law, go to WalzerMelcher.com.