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...
As many as 10% of U.S. for-profit businesses are jointly owned by spouses. When these couples decide to divorce, their businesses often become wrapped up in the proceedings. How the court handles these valuable assets can affect other orders the court enters, including spousal support and property division.
The services of a forensic accountant aren’t always needed to settle a divorce, but couples with a large net worth or complex assets will benefit from working with a forensic accountant. Your divorce attorney will recommend working with a forensic accountant if they believe one is needed for the fair assessment and...
Separating assets in a divorce is rarely an easy process. When you and your spouse have international assets, the issue only becomes more complicated. If you’re heading into divorce and have international assets to consider, it helps to be aware of some of the most common challenges you may encounter, as...
New York divorce law consistently seeks to keep up with social and technological changes that affect modern life. The laws regarding intellectual property (IP) are one such example. Intellectual property includes a variety of assets, including trademarks, copyright, and trade secrets.
If you are facing a divorce in...
Prenuptial agreements, also known as prenups, are essential for protecting your personal assets in the event of a divorce. However, a prenup is only useful if it offers adequate protection for your unique circumstances.
Prenups are highly flexible and can be tailored to suit the needs of the...
