New York homeowners receive a significant tax break on capital gains from selling their homes. A divorce puts this valuable tax break at risk. Married couples can qualify for a tax break on up to $500,000 of capital gains income; single taxpayers can only receive a...
Acquiring assets such as a home or car may make your life easier and more comfortable. However, if those assets were acquired during your marriage, they may be subject to New York property division rules in a divorce. Of course, this assumes that they are part of the...
If you're like most New York parents, you do a good job of caring for your child. However, this doesn't mean that your child won't at some point request to live with your former partner instead of staying with you. Ideally, you won't take the request personally and...
People who get married later in life in New York have many things to consider. Although older adults tend to have more life experience, they may have different ways of managing money. It is important to talk about these issues before making the marriage official....
During a divorce, a New York couple has a lot of financial considerations. Unfortunately, there are certain important aspects that can be overlooked that end up being costly. These are some common financial mistakes to avoid during your divorce. Not having a full...
Television dramas can oftentimes paint New York divorces between parents as dramatic, messy, and heart-wrenching. However, many divorces, even those that involve children, are amicable. Your actions during the divorce can make a huge difference in how the divorce...
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,...
If you live in New York and are getting married, you may want to consider a prenuptial agreement. If you are already married, you can create a postnuptial agreement. These contracts can protect you and your spouse financially if you later decide to divorce. However,...
Nesting is a custody arrangement in which children stay in the family home while the parents take turns living there with them. This method is becoming an increasingly popular alternative to traditional custody arrangements in New York as it aims to provide a stable...
Oddly, every New York resident knows someone who has been through a divorce. It’s entirely different going through a divorce yourself, though, especially if you have a family. You, or your spouse, may be required to pay child support or alimony as part of your...
