While many couples choose to enter marriage without planning for the possibility of divorce, there are numerous reasons to consider creating a prenuptial agreement. This document may specify how a couple wishes to divide assets in the event of a divorce, which may...
Month: January 2020
Divorce and your savings
Our law office knows that the divorce process presents many tough challenges. People struggle with legal matters related to their children, such as custody or child support. They also experience considerable emotional hardships and spend a lot of time dealing with...
What happens to your retirement accounts in a divorce?
With the exception of your marital home, your retirement accounts are probably the most substantial assets you have acquired during your marriage. It's only reasonable that you want to protect them and your ex wants their fair share when you divorce. Although the...
What will happen to your investments during divorce?
As soon as you come to the conclusion that your marriage is ending in divorce, it may be your first instinct to take possession of all of the investments you have worked your whole life to accumulate. However, this type of irrational behavior can actually be...
A prenuptial agreement can protect your future
Preparing to get married in New York is probably one of the most exciting adventures you have ever taken in your life. The thought of spending the rest of your years with someone you care deeply about can be empowering. At The Wallack Firm, we are committed to helping...
3 reasons the courts won’t uphold a prenuptial agreement
Executing a prenuptial agreement is a common strategy for those who want to protect their assets in a divorce. These increasingly common documents allow those planning to marry to outline their expectations for the marriage and any divorce that could occur in the...
Strategies for protecting a New York business during a divorce
Whether you started your business after you got married, inherited it from your parents or purchased it, you likely have an interest in continuing to own and operate the business after your divorce. However, given that New York applies an equitable distribution...
The role of spousal support once someone files for divorce
The word alimony often calls to mind ongoing payments made from one spouse to the other after a divorce. While people often assume that a husband will pay a wife alimony or spousal support, the laws on the topic are actually gender-neutral, which means either spouse...
Do you think your ex is trying to alienate you from the kids?
Sharing custody after a divorce is the most common outcome for New York families. Unfortunately, not every parent accepts joint custody situations with grace. Some parents will use their children as a weapon against their ex in a divorce. They may try to sever the...