Divorce is complex, regardless of when you decide to break it off. After years of marriage and wealth accumulation, however, it becomes much more complicated. If you have a high asset divorce in your retirement years, there are a lot of factors to consider that you...
Year: 2022
Bankruptcy does not abolish spousal maintenance obligations
A negotiated court settlement or a solution imposed by a judge can set up one spouse with spousal maintenance following divorce. However, sometimes persons who receive alimony learn that a former spouse has run into financial trouble and is preparing to file for...
Can unborn children go into a prenup?
Prenuptial agreements, colloquially called prenups, are a great way to ensure that you and your spouse do not have to deal with excessively long asset division if you ever enter a divorce. However, there are many questions about what a person can and cannot include in...
What should you know about digital assets?
Going through divorce is difficult for everyone. Many couples will find the division of assets to serve as the toughest part of the split, too. In these days, it is important to keep an eye out for potential issues with hidden assets. This includes the possibility of...
Medical practice and divorce
Many high-asset couples in New York have lengthy and complicated divorce proceedings because of the complexity of their assets. For medical professionals, evaluating the worth of their practices is crucial in attaining an equitable divorce settlement. Considerations...
Do you need a financial advisor on your divorce team?
When you divorce your husband or wife in New York, you may find that it has financial implications that impact numerous areas of your life. A divorce has the potential to offset everything from your retirement plans to the size of your savings account, but there are...
Using a buy-sell agreement to protect your business
Owning a business is a good reason to have a prenuptial or postnuptial agreement. If your spouse is a co-owner or has invested any work into your enterprise, a court may rule that your spouse has an entitlement to some of your business value. Some entrepreneurs end up...
Are you responsible for your spouse’s tax errors?
After a fair divorce settlement, you may feel a sense of relief. Unfortunately, the payment does not permanently mark the end of the conflict. Even if the court determines your spouse has the majority of tax responsibility, if he or she makes an error on the tax...
Identifying the types of alimony in New York
After years of marriage, some people may become financially dependent on their spouses. While some people may stay home to take care of the children, others may put a career on hold while their spouse furthered their education. Once the marriage ends, however, they...
Dividing your art collections in divorce
Divorce comes with a unique set of challenges which can include dividing your valuable possessions. As a New York resident, your art collection may include abstract works and professional photographs that celebrate the city. Here are some suggestions to keep in mind...
