Parents have an obligation to continue financial support for their children regardless of the status of their relationship. In the case of divorce or separation, one parent may be legally required to pay child support to help provide for the child’s needs.
Technically, child support funds belong to the...
Divorce rates fall as income increases. The rates level off at about $200,000 in combined income before rising again at about $600,000 in combined income.
However, having a high income does not guarantee that your marriage will succeed. Some issues happen universally, regardless of income. And every parent going...
If you’re considering divorce, you may have all sorts of questions. How much will it cost? How long should it take? Do you qualify for alimony? The list goes on. However, one of the biggest concerns most couples have is how high-value assets like real estate will be distributed.
An order of protection is a valuable tool for stopping domestic violence. It tells your abuser to stay away from you. If they fail to do so, the police can arrest them for violating the order. Depending on the nature of the violation and whether they committed any additional crimes when they...
When it comes to settling your affairs in a divorce, there are two main strategies that most couples use: litigation or mediation. Litigation is a court-led process, while mediation happens in a less formal environment where the couple comes to an agreement before meeting in court.
While
New York divorces do not automatically include spousal maintenance, also called alimony. Instead, the spouse seeking maintenance must show several factors to establish the right to spousal support and the amount they deserve.
Factors Considered When Awarding Spousal MaintenanceThe purpose of...
Divorce affects couples in all industries and all income levels. Couples in the finance sector tend to divorce at a lower rate than many other professionals, like lawyers and business managers, but the differences are fairly small.
Issues in the Finance Sector for People Panning for Divorce
A prenuptial agreement can be an effective tool for individuals seeking to marry to safeguard the future in the event of a divorce. Issues of property division and alimony can be addressed and settled before you and your partner marry, giving you both peace of mind and easing the process, should...
When your children are young, they need formula and diapers. Those expenses disappear as they age, and new ones, like school supplies and braces, replace them. However, while your minor children’s need for your financial support will not change as they grow, your financial situation might.
You may find...
The traditional divorce process evokes images of partners who are angry with each other, litigating every issue they have with one another before a court. Each partner tries to gain a financial advantage over the other in an attempt to repay the other for perceived wrongs during the marriage. In the...
