Though prenuptial agreements held something of a complex reputation in the past, more people have come to view it as a crucial asset and an important part of going into marriage. However, it is up to every individual to understand the potential benefits and downsides...
After you marry, you can create an agreement that irons out certain aspects in the event you decide to divorce. Many people will decide to create a postnuptial agreement when they have a big inheritance or if they start a business. It is protection for both parties....
During a divorce, some spouses may attempt to hide money or assets to avoid a fair split. One way a spouse may hide cash is through the use of cryptocurrency. According to CNBC, possibly over 20 million Americans own cryptocurrency. If you worry that your spouse may...
Divorce is a tough process for anyone in New York, but it can be harder for people with many assets because they have a lot more to lose and a long list of things to be done to ensure proper division of property. If you have accumulated a substantial number of assets...
The conclusion of your divorce proceedings in New York simultaneously marks the beginning of many elements related to it. One of those may be an alimony obligation, which you might have to pay if you were the primary income earner in your marital home. Initially, you...
One of the details to arise during a divorce in New York is spousal maintenance. The court will decide which spouse should receive those payments, which are also known as alimony. Spousal maintenance is different from spousal support. You should know some information...
If you have frozen embryos with your soon-to-be ex-spouse, you may need to go to court to determine who gets access to the embryos in a case of complex asset division. Here are some important things to know about dividing frozen embryos in a New York divorce. What...
One of the more complicated issues in divorce, especially for older couples in New York, is how to divide IRAs and other retirement accounts. As you probably have different types of requirement accounts, you'll have to abide by the rules for each, even if you agree on...
Although many couples involved in a divorce sell their former family home and split the profits, others have additional real estate to consider. This situation is especially true if you are a real estate investor or owned substantial holdings during your marriage....
New York state is an equitable distribution state. This means that property held inside of a marital estate will be divided based on what each party to the relationship needs after a divorce becomes official. However, it may be possible to circumvent state property...
