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...
Retirement Funds and Divorce: Protecting Your Financial Future
A divorce can affect your long-term financial security as much as it can impact your short-term outlook. You may be a long way from retiring when you and your spouse divorce, but how your retirement accounts are handled now can impact your future retirement plans.
New York...
Business Meets Personal: Handling Business Asset Division During Divorce
One of the most basic functions of a New York divorce court is the division of a divorcing couple’s marital property. No matter how many assets are determined to be marital assets or their value, the court will generally seek to assign a value to the assets and divide them fairly...
Tax Implications of a Divorce: What You Need to Know
Divorcing from your spouse brings a host of changes to your life and finances. Most immediately, the property you acquired while married to your partner will be split between the two of you. If you do not get primary custody of your children, your ability to see them and...
Concealing Assets During a Divorce
Going through a divorce affects you emotionally — and financially. A big point of contention for many couples during divorce proceedings is the division of financial assets and property.
If the divorce is not amicable, it’s not uncommon for one spouse to try to hide assets from the other....
Do I Wait to File for Divorce in the New Year?
Sometimes filing for divorce is the best step forward in a broken marriage. Your divorce attorney or therapist might even refer to it as the solution by dissolution. If you and your spouse cannot continue together, divorce allows both of you to move forward with your lives rather than trying to...
Parenting Plans Over the Holidays: What Co-Parents Should Consider
The holidays do not feel the same when you cannot share them with your children. But when you share custody with another parent, you need to find ways to compromise over your parenting plans for the holidays.
You should consider many practical, financial, and emotional factors. You should also...
Tax Considerations for Couples Who Are Separating
The process of separating takes a toll on you emotionally, but it also has a big impact on your finances, including your taxes. Divorce and taxes are inextricably linked, making it necessary to turn to a divorce attorney who can help you navigate the process. Learn more about what you need...
Divorce and Blended Families: Navigating a Second Divorce With Children From Your First Marriage
Co-parenting after a separation presents unique challenges. For blended families, parenting after a divorce can be even more difficult. Parents in these families have to consider not only the best interests of their shared children but also their ex-spouse’s existing family.
Therefore, successfully coordinating a separation while accommodating...
Cryptocurrency in Marriage: How a Prenuptial Agreement Can Protect Your Digital Assets
Divorce rates have hovered around 50% in the U.S. for decades. This makes taking steps to protect your assets and income a highly practical decision.
However, it’s not easy to predict how each partner’s net worth will evolve over the course of a relationship; there are so many potential...