If you missed out on the opportunity to create a prenuptial agreement, don’t assume that there’s nothing you can do to protect yourself. After you get married, you can create a postnuptial agreement, alongside your spouse, so that both of you gain the protection you...
Year: 2020
When can you request spousal support modification?
After your divorce, you and your former spouse rebuilt your lives based on your new financial circumstances, including the spousal support that the divorce decree ordered. Spousal support may become an issue long after you and your former spouse sign the divorce...
What are the benefits of a prenuptial agreement?
As you prepare to tie the knot, it’s imperative that you consider the impact of your marriage on your future. Just the same, you should strongly consider the steps you can take to protect yourself and assets in the event of a divorce. It’s never easy to discuss the...
What consequences befall people who try to hide assets?
New York couples may someday go through the painful process of divorce. It happens to many people for a variety of different reasons. Some divorces are amiable, but many involve arguments and struggle. With feelings so easy to hurt, people get angry or upset. When in...
How does the court split complex assets during divorce?
Any type of divorce is difficult. However, one that involves a fair share of assets may prove more challenging. Dividing assets by New York divorce laws may result in the couple having to compromise or lose control of the process. The court factors each spouse's...
What are some tax considerations for a divorce?
While getting ready to divide your high value assets in your upcoming divorce, you should not overlook the possible tax implications for your assets following your divorce. Depending on how your split your assets, you might incur a large tax bill. With the right...
Divorce and your family home: How to handle this valuable asset
As a married couple, there’s a good chance your family home is one of your most valuable assets. Should you decide to divorce, it could quickly turn into a sticking point, as both individuals understand how much this piece of real estate is worth. The first thing you...
Dividing debts and assets during divorce
If you and your spouse are separated and have made the choice to get divorced, you may well be highly concerned about how you may need to split your assets. From retirement savings to stocks, bonds and more, a divorce may result in the loss of some very important...
The importance of a QRDO
For many people, an employer-sponsored 401K represents either their complete retirement savings or a large portion thereof. When a married couple faces a divorce, these assets may be subject to being divided between the spouses. If a retirement account is not split,...
Dividing up a 401k in a divorce
Property division proceedings can easily become one of the most contentious aspects of a divorce case in New York. One of the primary reasons is because many come into such proceedings with misconceptions about what to expect, particularly when it comes to more...