On June 24, 2015, WPIX television news aired a newscast wherein it was reported that almost 50% of the married population does not know how much their spouse earns. This is shocking. Marriage, as an institution, creates a financial partnership. In fact, history shows that one of the “civil” or non-religious reasons for marriage was so that property could be…
Most individuals work hard to avoid splitting up, but sometimes couples find themselves facing a divorce even after their best attempts to salvage a marriage. If divorce is on the horizon, there are several steps you can take to better prepare yourself for this life-changing event: Know rights. As a first measure, you will want to consult an attorney to…
It’s one thing to split up as a couple, but what if you are also business partners? With approximately 3.7 million businesses owned by a husband and wife, divorce among people who jointly run a company is increasingly common. When this happens, partners must decide whether or not they will continue to work alongside one another after the dissolution of…
Over the years there have been dozens of murder for hire; murder for sexual favors; and murder by fraud or scheme to defraud perpetrated by a spouse who could have simply divorced their partner. This was easier to understand prior to the enactment of the No Fault Divorce law in October 2010. In October 2010 the New York State Legislative…
There is an old joke that stands for the following proposition “marriage is the root of all divorces”. Is the cart before the horse? At this point in time the number of couples getting married has dramatically declined in the United States. Prior generations, Generation X and the Baby Boomers, enjoyed a marriage rate of over 70%. It was the…
There are a lot of potentially stressful issues that you will encounter during your divorce, not the least of which is the choice of whether you should move out of your home during the process. Your home could possibly be your most valuable asset, and you have likely built up a lot of sentimental attachment to it as well. So…
A new study from researchers at Ohio State University reveals that approximately 79 percent of married couples that separate end up getting divorced. According to researcher Dmitry Tumin, the majority of separations in America last for one year or less, though some can drag on for many years. While some separations remain unresolved and a few lead to reconciliation, the…
It’s not unusual for divorced couples to reconcile down the road and consider remarriage. But is this really a good idea? First, let’s look at the statistics. One study indicates that 67 percent of second marriages and 73 percent of third marriages will end with a divorce. However, in a survey of partners that got divorced and then married each…
One of the first things you’re going to want to do after your divorce is finalized is check all of your insurance policies and make any changes needed to your coverage and your beneficiaries. If you have an agent that assists you with all of your plans, schedule a meeting with them as soon as possible so that you can…
Whenever couples get divorced, they go through the process of dividing their marital assets. These assets include any retirement accounts that were created during the time the couple was married. In some cases, retirement accounts could potentially be among the most valuable components of the overall estate, which means they can become a focus of divorce disputes. Retirement accounts could…