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Increasingly, people are divorcing in their 50s, 60s and even later in life. If you’re among those preparing for what’s been termed “gray divorce” and you expect you’ll have to pay spousal support (alimony or maintenance), you may wonder what that means for your...
Business partnership disputes can be very serious and may result in litigation. Two business partners could have such a serious dispute that they have to dissolve the company, or that one of them leaves the business altogether. One way to work to prevent this is by...
Many divorce cases lead to shared custody, and couples address this by moving their kids back and forth between their homes. The kids may live with one parent for a week and then move to the other parent’s house. But there is an alternative, which is having the kids...
The more assets spouses acquire during marriage, the harder it may be for them to reach a property division settlement during divorce. Spouses may find themselves disagreeing about what assets are subject to division and also what their resources are actually worth....
You have worked hard for your wealth, and now you want it to benefit your loved ones for as long as possible. Granted, your assets may not last forever, but perhaps you want your family to stay financially secure for years or even decades to come. Unfortunately, not...
A prenuptial agreement is a legal agreement of a couple before they get married. This agreement outlines the distribution of assets and financial responsibilities in the event of divorce or separation. Prenups have gained popularity as they provide clarity and...
An inherited asset can be money, property or valuable items. Anything of financial value can count as an inheritance under New York law, as long as it's received through a will, trust or estate. In contemplating divorce, you might wonder how it affects these assets....
In New York, child custody agreements establish children's legal and physical custody between parents. However, life changes can necessitate modifying these agreements. To pursue a change, parents must demonstrate a significant change in circumstances that affects the...
Sharing parental rights and responsibilities is commonplace. When parents divorce or break up with one another, they generally have to share parenting time and decision-making authority. Occasionally, one parent can make decisions that may have negative implications...
While it might not sound romantic, many couples choose to sign a prenuptial agreement before saying, "I do." This legal document, commonly known as a "prenup," helps couples plan how they'll handle their finances and assets during their marriage and if they ever...