You ask your spouse for a divorce and the court orders your spouse to pay alimony. The reasoning is that you haven’t worked in years and it’s going to take time to re-enter the workforce, along with the fact that your ex is wealthy and you expected them to support you...
Divorce
Who pays the credit cards in a New York divorce?
One of the most difficult parts of divorce is the practical process of separating your life from your spouse's life. You have probably shared everything, from bedrooms to bank accounts, for years. You have to divide your belongings with one another as you negotiate...
Why you should avoid social media during your divorce
Social media offers a great outlet for people who want to waste some time or keep up with family and friends who live far away. However, it’s not the best outlet to use for your feelings when going through a divorce. While it may be tempting to post all your thoughts...
If you move out, do you lose your right to the family home?
There's a lot of misinformation floating around out there about divorce proceedings, and people sometimes base their divorce strategy on inaccurate legal information. For example, some people will tell you that if you move out of the family home before the divorce,...
Can you keep your inheritance in a New York divorce?
If you are planning to file for divorce, you may wonder if it will jeopardize your family inheritance. New York follows the equitable distribution model when dividing marital property. In general, this means that separate property, such as an inheritance from a family...
Is cryptocurrency a hidden asset in your divorce?
Cryptocurrency is no longer the coin of the realm for just the 1%ers in our society. Figures from 2021 indicate that there are over 20 million people in the United States who have invested in cryptocurrency. With the rise in digital currency purchases, it is...
3 solutions for your home in a New York divorce
You and your spouse might share ownership of many major assets, possibly including vehicles and real estate. Your marital home could be a major source of disagreement if the two of you divorce. You will have to decide what to do with the property where you once lived...
2 coping mechanisms to use during divorce
Obtaining a divorce is likely to be one of the biggest decisions you’ll ever have to make. The path that you take will not only impact your life, it could also affect the upbringing of your children. For the reasons above, finding ways to prepare for and cope with...
3 ways to value the family business in a divorce
You hate the thought of breaking up with your spouse -- and you really hate the thought of breaking up the family business. Unfortunately, you can’t yet really begin to assess your options for how to handle the business in your divorce. You need to know exactly...
Common mistakes you need to steer clear of during divorce
Divorce can leave you emotionally and financially drained. Sometimes, a couple may reach a mutual agreement to dissolve their marriage with the help of a mediator. However, it could boil down to the Court’s decision about your specific case at other times. Either way,...