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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...
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....
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....
Yes. Couples can choose to keep a property together even after a divorce. Co-owning a house after a divorce may make sense for some couples who want to try nesting or birdnesting. It can also make sense to keep a property together if: You are underwater on your...
When your marriage ends, you may find the division of assets becoming a contentious issue. Questions about how to treat inheritances in divorce proceedings often arise. Although the law may seem straightforward at first, there are nuances that can significantly impact...
Those preparing for divorce often have a lot of concerns to address. They worry about their living circumstances and their relationships as well as their finances. Many people fear the stress and conflict of divorce proceedings and may try to rush through the process....
In theory, divorce is a straightforward process that follows specific rules based on state law. Still, each step can become complex quickly, considering the circumstances of the involved parties. If you and your former spouse are on good terms, sorting out these...
Postnuptial agreements are crucial in protecting valuable assets during a divorce or the death of a partner. Real estate, in particular, can take up a substantial part of the marital estate. If you and your partner manage multiple high-value properties, mortgages and...
Divorce can be a challenging and emotional process. It is essential to approach it with a clear and open mind. Doing so may help you avoid common mistakes that could complicate your situation. The following are common mistakes people make in the divorce process and...