During a divorce, the courts work hard to ensure that each spouse enjoys a post-divorce standard of living comparable to the standard of living during the marriage. To do this, judges need hard evidence of each spouse’s lifestyle.
Although the Statement of Net Worth and other financial records...
Divorce is a private and typically stressful matter. When the facts or details of a divorce get out, people face all manner of reactions and emotions, from stigma to personal guilt. Fortunately, divorcing spouses can protect the confidentiality of their divorce proceedings with a well-crafted non-disclosure agreement (NDA).
Child custody cases are frequently contentious matters. However, some divorces involving child custody issues are far more explosive than others.
These cases proceed down the same path as any other divorce or custody dispute. However, the high conflict involved can sometimes tweak the process. Parents involved in disputes...
An estate plan puts you in the driver’s seat and allows you to set plans for the future of your estate. But what if something happens, such as a divorce, that causes that future to change? A divorce essentially rewrites your future, which means your estate plan likely needs updating to...
Divorce proceedings seek to fairly divide spousal resources. However, some spouses engage in questionable financial behavior during divorce, such as reckless spending. This reckless spending leads to the dissipation of marital assets in what is usually an unlawful manner. Fortunately, the other spouse may have recourse.
When a couple decides to divorce, there is no shortage of details to work out, both emotionally and financially. In New York, a mortgage is considered marital property, but it’s handled differently than other tangible pieces of property, such as a car or a boat.
A mortgage isn’t...
Child custody disputes can be complicated to resolve, even when both parents reside in the United States. That said, child custody rights do not end at America’s geographical borders. Parents of children still have the right to spend time with their children and participate in decisions about their children’s welfare no matter...
Prenuptial contracts are not the only opportunity for spouses to protect their personal assets; postnuptial (postnup) agreements are contracts that are created after a couple marries, and they may include an outline of asset ownership in the case of divorce alongside the responsibilities of each spouse during their marriage.
Your wealth may not consist solely of the financial resources you generate through your work. If your family or close personal friends are well-off, you could find yourself inheriting some or all of their assets upon their passing.
That being said, should you subsequently divorce after inheriting property, you...
In many ways, divorce can represent a new beginning and a fresh start in your life. This can be both freeing and frightening, especially when you consider your need to chart a financial path forward that may not include support from your ex. Your financial world post-divorce could even include making...
