Category Archives: Divorce
Can Inflation Affect Your Alimony Award?
Alimony, known as maintenance under New York law, is designed to give people who relied on their spouse’s income the chance to meet their financial needs as they transition to single life. Courts consider several factors during an alimony determination, including the paying party’s ability to provide spousal support and the recipient’s needs. Of course,… Read More »
Publisher Claims Ex-Wife Took His Fortune and His Frequent Flyer Miles
When former Simon & Schuster CEO Richard Snyder died in June, he was hailed as a titan of the publishing industry who left the company with annual revenues 50 times higher than they were when he took over. The New Yorker even once referred to Snyder as a “warrior-king.” Unfortunately, his final years were wracked… Read More »
Husband Busted for Hiding $500K in Crypto During New York Divorce
Regardless of fluctuations in the overall market, many Americans have substantial assets invested in blockchain coins and other forms of cryptocurrency. This means that spouses going through a divorce and their attorneys must review whether any cryptocurrency is part of the divisible marital estate. Unlike other types of assets, crypto can be difficult to locate,… Read More »
Protecting Your Retirement is Critical in a “Gray Divorce”
Often referred to as “gray divorce,” a great deal of attention has been given to the phenomenon where couples choose to end a long-term marriage, typically after their children are grown and no longer live in the family home. A Census Department report says that more than one-third of Americans who get divorced are 55… Read More »
Reasons You Might Want a Postnuptial Agreement
Negotiating a prenuptial agreement has become an increasingly common part of the pre-wedding process. More than ever, both parties go into a marriage with substantial financial assets that they want to preserve in the event of a divorce. And while prospective spouses never plan to break up, the stigma associated with divorce has lessened over… Read More »
New York Designer Jailed in Texas for Failing to Pay $390K in Child Support
From the outside, Fred Castleberry’s story might seem like the embodiment of the American Dream. He went from a being a divorced Texas wedding photographer to a fashion industry star, living in Park Slope, working for designers such as Ralph Lauren and making television appearances. Eventually, he started his own company, F.E. Castleberry, where he… Read More »
Changes in Your Life Can Prompt Changes to Your Divorce Agreement
A divorce ends the legal union between spouses, but in many cases, the relationship between the parties continues and evolves. This is especially true when the couple shares children. Though spouses and their lawyers make a significant effort to reach a divorce agreement that everyone believes to be fair, life changes that occur after the… Read More »
Divorcing a Spouse with Borderline Personality Disorder
Many of the symptoms associated with Borderline Personality Disorder (BPD) are capable of causing trouble in a marriage and heated conflict during a divorce. Some people afflicted with this illness have extreme fears regarding abandonment and might engage in deceptive or manipulative behavior to get they want. In certain cases, BPD sufferers change their minds… Read More »
How Is Deferred Compensation Addressed in a New York Divorce?
Executives and other employees frequently opt to defer some of their salary for a variety of reasons. Typically, a prime motivation is to reduce current tax liability while reaping the benefits later in life when one’s overall income is lower. This is often a wise financial decision, but it can complicate the division of… Read More »
Divorce Registries Gaining Popularity
Americans are well accustomed to providing emotional and tangible support when someone close to them goes through a major life transition. Sometimes the occasion is joyous, as loved ones gather together to shower someone with gifts in anticipation of a wedding or the birth of a child. In other instances, relatives and friends deliver comfort… Read More »