Divorce can be a difficult and emotional experience for New York residents, but the process can be even more complex for those with a valuable art collection. The division of assets, including artwork, can be one of the most challenging aspects of a divorce. However,...
Property Division
How to handle the division of a business in a divorce
Getting married can inspire lots of hope. With that in mind, this hope leads many people to start and manage a business in New York with their respective spouses. Unfortunately, divorce can also lead to issues related to dividing ownership of the company you two...
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...
Divorce when you have a medical practice
Divorce is rarely an easy process in New York, and it can be especially difficult when you have a medical practice. You may think that your business will not get affected by the divorce and that everything will continue as normal. However, this is not always the case....
Pay attention to retirement account division rules in divorce
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...
Protecting your real estate portfolio during divorce
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....
Life insurance policies and divorce
Going through a divorce is difficult enough, and it becomes more complicated when various life insurance policies and benefits enter the picture. If you are currently a resident in the State of New York and going through a divorce, it is important to know your options...
Property division of complex assets
The division of assets and distribution of debts frequently are often points of contention in New York divorce proceedings. The financial aspect becomes even more complicated and contentious when complex asset division is at issue. Examples include determining how to...
Closing joint bank accounts during divorce
During a divorce in New York, spouses will need to begin the process of separating their common interests, assets and other property. This includes dividing the funds and closing any joint bank accounts. What are your options? While there are different processes for...
Using a QDRO to split future financial benefits
When you get divorced, you split up the assets that you and your spouse own at the time. This is one of the most highly-contested areas in many divorce cases, but most people do understand that they own their property jointly with their spouse and that neither person...
