Divorce can be a challenging process. This is especially true when it comes to dividing assets and investments. In New York, equitable distribution laws govern the division of marital property, including investments acquired during the marriage. Protecting your...
Divorce
Filing for divorce in an abusive relationship
Filing for divorce can be a challenging process, and it becomes even more complex when you are in an abusive relationship. If you are considering filing for divorce while facing intimate partner violence, approaching the end of your marriage correctly is vital. Also,...
Considerations in divorces with multiple real estate properties
Multiple real estate properties can add layers of complexity to an already nuanced divorce. In the state of New York, couples facing such a situation need to carefully consider various factors. New York follows the principle of equitable distribution, which does not...
3 challenges when dividing investments during divorce
Those with sizable resources and competitive incomes often decide to invest the money that they do not need to cover their daily living expenses. Some people invest in real property to either sell it later or rent it to others. Others purchase stock in publicly-traded...
The importance of updating your estate plan during divorce
As a married couple, you and your spouse’s estate plans and financial affairs have likely become intertwined. When you file for divorce, those documents could potentially be overlooked in the confusion and emotional upheaval. After a divorce, be sure to review your...
Can creditors go after me for my former spouse’s debt?
Aside from assets, the divorce process also divides liabilities between parties. Ideally, each party can move on after the divorce. So, what can you do if a debt collector comes knocking on your door for your former spouse's debt? Unfortunately, divorce might not...
Gray divorces continue their growth
Once considered taboo, divorce came to prominence in the 1970s, with attitudes changing about ending marriages. At first, marital dissolutions were largely reserved for thirty and forty-something couples. Several years ago, the divorce dynamic added a new demographic....
Is your spouse trying to hide assets?
Property division is one of the most crucial components of any divorce. Ideally, spouses will come to an agreement early on in the process in order for all parties to walk away with a fair settlement. Sometimes, couples may have signed a prenuptial agreement that...
Reviewing the rise in gray divorces
If you are thinking about ending your marriage as an older adult, it is essential to understand that many others find themselves in your position. In fact, there has been an increase in the number of gray divorces in recent years as more older adults have chosen to...
Dividing retirement accounts in a New York divorce
Dividing assets is one of the most common causes of conflict during a divorce. Retirement accounts are often among the most substantial assets to be divided, but the regulations surrounding how this is done can be complex and require the use of a very specific...