When the media first reported changes to the spousal support system, people panicked. Divorcees who were already receiving alimony worried that the new system would create problems for their existing spousal support order. No longer claiming the money as taxable...
Year: 2020
Do you need to recover dissipated funds in a New York divorce?
Financial issues are among the leading causes for couples to file for divorce, and those issues don't usually disappear just because a couple decides to end their marriage. In fact, the costs of divorce and the intense emotions that arise at the end of the marriage...
How long can it take to recover financially after a divorce?
Couples across New York with a high net worth may run into problems after a divorce. It may take up to five years for an ex-spouse to regain his or her former financial equilibrium. A recent investors' survey revealed that most individuals recovered from both the...
Ask for a prenuptial agreement without harming your relationship
Once you decide to tie the knot, it’s your hope that you remain married to your spouse for the rest of your life. However, even if this is your intention, you shouldn’t neglect to plan for the future. And that’s where a prenuptial agreement comes into play. While...
How can I prevent financial disputes before divorce?
Divorce not only impacts your family, it can also have a serious effect on your finances. Whether you are currently considering divorce or are in a fulfilling marriage but thinking about the future, there are steps you can take to protect yourself from a financial...
Protecting business assets with a prenuptial agreement
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...
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...