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Before beginning the divorce process, it’s essential for spouses to understand what property is at stake and how their assets will be divided. New York is an equitable distribution state, meaning all marital property will be split fairly but not necessarily equally....
When beginning the estate planning process, many people believe they only need to create a will to achieve their financial goals. For some, this may be enough to protect their assets and give them peace of mind. But that’s not always the case. Those with specific...
The rise in mortgage rates has affected real estate markets across the country. Fortunately, on Long Island, the market has remained strong as house prices continue to climb. How strong? In September 2022, the median sale price for homes was $625,000, which is a 4.2%...
Using social media and posting about major life events has become a daily habit for many people. However, divorcing spouses may want to fight that urge. During a divorce, it’s essential to be careful when using social media sites, as anything posted online can...
If you’re getting divorced, it is important to review your estate plan right away. In all likelihood, your ex played a prominent role in the plan, as a beneficiary and perhaps also as your health care proxy. Change is in order and the time to act is now. What happens...
Couples in New York often have to make careful choices about how they hold their wealth. Simply putting funds in a savings account won't maximize returns. It is common for people to diversify their assets by maintaining an investment portfolio, buying real estate and...
Fathers in New York in theory have the same rights to parenting time and authority as mothers do. However, they sometimes need to make extra effort to fulfill a parental role. A mother's relationship with a child is clear from birth, but a father will either need to...
Paving the way for a sound financial future is a priority when you divorce. Yet there is more to it than deciding who gets which assets and what if any payments one of you must make to the other. Here are two areas you must not forget: Any outstanding debts You have...
Living arrangements soon become complicated when you take the decision to divorce. The house you share can become a huge point of contention during property division. Yet it can also cause problems in the wait to sign the final papers. Let’s say your spouse claims you...
As an employer, it is certainly not your goal to discriminate against any of your employees. You would never want them to get the idea that you’re doing so. You believe that everyone should have an equal opportunity and you try to treat everyone the way that they...