Who gets to keep the engagement ring after a couple decides to divorce? You would think there would be a simple answer to this question because it was a gift from one person to another. So the gift receiver should keep the ring, right? Not so fast.
As...
Many people fear that if they “abandon” or leave the marital home, it could somehow hurt them in a later divorce. This is a common misconception. Under current New York state divorce law and procedure, moving out of a marital home is generally not a major issue. However, it can have...
Handling a high-net-worth divorce in New York requires experience and a solid understanding of complex financial issues. Ascertaining the value and relevant contributions to multiple properties, investments, business interests, and numerous accounts can complicate the distribution of marital assets. Tracing separate property, protecting inheritances, and locating all of the assets often...
Marriage is an economic partnership and divorce involves the untangling of the partnership. Besides custody and parenting issues, most aspects of a divorce relate to financial issues. Understanding your financial circumstances is critical to being prepared for a divorce.
There are important steps you can take to prepare...
Spousal maintenance, spousal support, and alimony all refer to the same concept. When a couple divorces or separates, the parties will often have a disparity in economic situations. A court can order spousal maintenance so each person can meet their expenses each month.
Here are some of the...
Under New York law and the U.S. Constitution, fathers and mothers have equal legal rights. Both parents stand on equal footing in the eyes of the court.
Here are some suggestions about how to use that principle of equality to protect your rights as a dad.
If you are facing a potential divorce, you may be entitled to spousal maintenance (alimony). Many people are curious about whether a husband may be entitled to spousal support. Husbands in New York can receive spousal support just like wives when applicable based on the parties’ incomes and financial circumstances.
Child support is the obligation of both parents, but it is the non-custodial parent who is required to pay the custodial parent a certain amount each month (or on a more frequent basis depending on parties’ pay schedules). Child support is intended to meet the needs of the child or children...
