Navigating Child Support and Custody in High-Income Divorces
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...
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Real Estate and Divorce: Handling High-Value Property Division
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.
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Divorce Mediation vs. Litigation: What’s Best for High-Net-Worth Couples?
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
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Factors Influencing Spousal Maintenance Decisions
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 Maintenance
The purpose of...
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Pre-Divorce Planning: Tips for Couples in the Finance Sector
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 relatively small.
Financial Issues to Consider Before Divorce in the Finance Sector
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A Comprehensive Guide on When and How to Modify Your Prenuptial Agreement
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...
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Child Support Modifications: When and How to Make Changes
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...
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The Collaborative Divorce Process: A Smoother Road to Separation
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...
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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...
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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...
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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...
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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....
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