Are Antiques and Collectibles Considered in Asset Division?
Antiques and collectibles can be worth a considerable amount of money. If you’re a collector or have inherited family heirlooms and you’re facing a divorce, you’re probably wondering how these assets will be handled.
There’s no set answer for how high-value collections are divided during a divorce. Often,...
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How to Preserve Privacy in High-Profile Divorces
Divorcing couples often prefer to keep the details of a divorce private. When couples are celebrities or high-profile individuals, keeping a divorce out of the public eye is often necessary for protecting the career, reputation, and finances of one or both spouses.
High-profile divorces require the skill and experience...
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How Are Expensive Cars Divided in a Divorce?
Nearly everything you own gets divided up in a divorce, and that includes your vehicles. Whether you own a luxury car collection or a single antique vehicle, the question of which spouse gets to keep a costly automobile often leads to considerable conflict during divorce proceedings.
Taking the...
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Cultural Considerations in Divorces: Addressing Legal and Financial Differences Across Cultures
Divorces are rarely easy to navigate in general, but when spouses come from differing cultural backgrounds, agreeing to the terms of a divorce can be particularly challenging. In cases like these, it’s particularly important to work with a skilled divorce attorney who can help you and your spouse arrive at a...
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The True Cost of Divorce Litigation Explained
Most couples filing divorce petitions in New York anticipate litigation. They often assume that the disagreements that led to the breakdown of their marriage will carry over to their divorce. It is certainly possible that you or your spouse will contest at least some of the issues in your case.
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Understanding Legal Separation in New York
Broken marriages happen for many reasons, but in the end, the specifics do not matter. The reality is that the two spouses can no longer live with each other and need a solution that separates them with the least possible hassle. A divorce is often the result of a broken marriage,...
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Rental Properties and Airbnbs During a Divorce Proceeding
Short-term rental properties represent a significant source of income for many families. The largest online booking system, Airbnb, has over 7 million active listings for nearly 4 million hosts around the world. American Airbnb hosts earn an average of $14,000 annually from their properties.
Courts...
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Divorce and Special Needs Children: Challenges and Considerations
As a parent of a special needs child, your thoughts probably center around giving your child the life they deserve. But in many cases, stress and disagreements over your child’s needs can contribute to the breakdown of a marriage. According to some surveys, divorce and special needs children often, unfortunately, go hand-in-hand....
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The Role of Lifestyle Analysis in High-Net-Worth Divorces
When high-net-worth couples divorce, financial issues like property division and spousal maintenance can take center stage. Resolving these issues can require extensive testimony and financial analysis.
One tool available to both parties in high-net-worth divorces is a lifestyle analysis. This accounting analysis helps the parties, lawyers, and...
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Will Jewelry Be Divided in a Divorce?
Jewelry can have economic and significant sentimental value. It might represent an important event in your life. You might even have family heirlooms passed down through the generations before you received them.
To answer the question, jewelry might be divided in a divorce. Courts use the same rules for...
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Timeline of an Uncontested vs. Contested Divorce
When you’ve decided it’s time to pursue a divorce, there are certain steps you must take in anticipation. One of these steps is determining whether you should file a contested or uncontested divorce.
The type of divorce partially determines how long you can expect to engage in the divorce...
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What Cannot Be Included in a Prenuptial Agreement?
Prenuptial agreements can significantly help protect assets and create a roadmap in the event of a divorce in New York. Spouses of all ages and financial backgrounds can benefit greatly from these premarital agreements.
If you’re interested in creating a prenuptial agreement prior to your marriage, you may...
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