Divorce affects many aspects of your financial life, including your life insurance policy. Whether you purchased coverage to protect your children, provide for your spouse, or secure outstanding debts, you likely have questions about what happens to your policy when your marriage ends.
In New York, life insurance can...
Divorce brings changes for everyone involved, including children, as the parties transition from living under one roof to sharing custody in two separate households. Suddenly, parenting plans start to revolve around a fixed schedule and detailed rules that were not necessarily in place during the marriage. Many parents make the mistake...
In New York, you can file for divorce based on several grounds. The most common is “irretrievable breakdown,” where the marriage has failed for at least six months. Other grounds include cruelty, abandonment, imprisonment, and adultery. New York requires at least one spouse to have
Divorce introduces a world of complicated emotions and challenges into the lives of spouses. Even a relatively amicable end of a marriage is fraught with difficult feelings, marking a significant life change for everyone involved. For many divorcing couples, the divorce only gets more complex when the element of religion is...
Family law judges expect that the parties will follow their orders. The reality, of course, is that many individuals often fail to do so. If this happens, the party who is in violation could be facing contempt of court charges. Whether it’s for civil or criminal contempt, the potential ramifications are...
Divorce is a process that takes time and careful planning. A necessary step, and one that will continue throughout your divorce, is to organize a number of important documents. These records will help protect your rights and interests while keeping you prepared for the various stages of litigation and settlement discussions....
Negotiating a child custody agreement is often the most difficult and important decision you will make while getting divorced. It’s not something you want to let the judge decide. And we doubt you want to try flipping a coin, asking a magic 8 ball, or doing eeny, meeny, miny, moe either.
When a couple gets divorced, they may have to divide the value of various assets they own as marital property. This process cannot be completed without an accurate assessment of the value of assets such as real estate, business ownership interests, and valuables like jewelry, artwork, or antiques. As a result,...
Until you are a parent yourself, you don’t really understand the immense responsibility of parenthood. The tiny human in your care needs food, diapers, a safe place to sleep, and a million other things to ensure their physical comfort. But they also require all the love and support you can give. As they...
If you’ve received gifts of cash, property, or heirlooms from family members or friends during your marriage, you may be worried about what could happen to those gifts if you decide to divorce. How do you protect your gifts from property division during a divorce?
Understanding Separate...