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...
Divorce
Four avoidable divorce mistakes
A divorce is something no one ever wants to go through. The stress and uncertainty surrounding the process can cause divorcing spouses to act out of character and make regrettable decisions. By staying calm, however, and focusing on what’s most important, divorcing...
How to communicate effectively as a coparent
Effective communication is the foundation of every healthy co-parenting relationship. Though building this type of relationship may be second nature for some, it can be quite difficult for parents with a conflict-filled past. Having an understanding of the three main...
How are assets divided in a New York divorce?
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....
Tips on using social media during and after divorce
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...
Why divorcing spouses need to update their estate plan
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...
What happens to your investment holdings when you divorce?
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...
2 financial areas to remember when divorcing
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...
Can your spouse ask you to move out during your divorce?
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...
Could your child choose not to live with you?
You don’t want to lose time with your child after the divorce. There’s nothing more important to you than getting to share custody with your ex. And your ex actually agrees and says that they don’t want to seek sole custody. They would also like to share, and they...