It can be complicated and stressful to separate money in a marriage that is coming to an end. Even before child support or alimony is awarded, both spouses should have a budget in place to ensure that they can pay their bills during and after divorce. Here are some...
High-asset divorce
What are some reasons for a gray divorce in New York?
Gray divorce refers to the dissolution of a marriage between couples over the age of 50. Several factors might contribute to the marriage falling apart, and divorcing could be the appropriate action that the partners take. Irreconcilable differences may factor into...
Protecting your retirement fund during a gray divorce
A gray divorce is simply one where people are at retirement age or their children have all grown up when they decide to split. These types of divorces usually don't have custody problems to deal with, but there can be other issues that have to be addressed. One of the...
How to divide IRA assets in a divorce
During a divorce in New York, spouses generally divide all assets, including retirement accounts. Depending on how the judge or mediator settles the case, an entire account might go to one spouse, perhaps in exchange for another asset of similar or equal value, such...
Tips on dividing assets in a high-asset divorce
Whether you're incredibly wealthy or you have an average New York salary, everyone worries about losing their assets in a divorce. In some cases, a former spouse could be entitled to half their partner's earnings. Here's what you need to know about dividing your...
Should you settle your divorce or fight it out?
There’s a lot at stake in your divorce. You and your spouse have significant financial holdings, including property and investments. You’re also concerned about how the optics of your divorce may ultimately affect your business, career or social standing in your...
How divorce affects 401(k) plans
There is no getting around the emotional toll divorce can take on an individual. But at some point, divorcing parties in New York will need to set aside their emotions and come up with a property division agreement that suits them both. This agreement will include...
Should I fight to get what I deserve in a divorce?
Every divorce is different because it involves two unique individuals with their own expectations and personalities. Every divorce has different financial situations in addition, and this is why there is not just one divorce strategy that will work in any given case....
Will deferred compensation get split up in your New York divorce?
Couples with significant assets acquired during their marriage will have to spend more time and energy considering the right way to divide those assets if they get divorced. Instead of straightforward and simple assets that may be easy to put a price on and fairly...
Joint business ownership and divorce
When a married couple owns a business together and decides to divorce, one of the biggest considerations is what happens to the business. This can add tremendous complexity to an already challenging situation. Each spouse needs to evaluate the situation without...