In recent years, there has been a notable increase in the number of empty-nesters and retirees who’ve gotten divorced. It makes perfect sense not to spend your golden years in a broken relationship, but once you’ve found a new relationship, you should bear in mind that it too could break. That’s why we at Bryan L. Salamone & Associates, P.C.…
For many, prenuptial agreements may seem like only something that celebrities choose to enter into to protect their wealth. However, prenuptial agreements offer concrete benefits to many couples, regardless of their financial status. The following are several reasons why couples opt to take this route: Gives you control: With a prenuptial agreement in place, you can rest easy knowing exactly…
If you are about to enter into a marriage with your significant other, you may be wondering if a prenuptial agreement is needed to protect your assets. Although no one likes to think about the possibility of a marriage dissolving, reasons couples choose to enter into a prenuptial agreement may include the following: To clarify terms of divorce in case…
If you are considering adding a prenuptial agreement to your marriage, it is important to first consider the benefits and disadvantages that such an agreement could have for you. The following are some of the key advantages that come with a prenup: They allow you to protect your property that you had before the marriage They add support to your…
Although you don’t necessarily have to sell your home after you go through a divorce, it is certainly a common occurrence. Most people that do sell their homes after divorce do so for one of the following reasons: They can no longer afford the mortgage payments on the home because of the terms of their divorce and the fact that…
Most people understand the need to protect separate financial assets with a prenuptial agreement prior to marriage. But what about after wedding bells ring? A postnuptial agreement safeguards financial security — and sometimes the harmony of a marriage. Prenuptial agreements are reviewed and executed prior to a wedding. After the marriage, postnuptial agreements come into play. Both are types of…
It is common story. Two people in a relationship each enjoy a career, and the attendant earnings and benefits, until children are born. One partner quits work to care for the children and home on the understanding that the income and benefits of the working partner will be shared. If the couple is married, state law protects the financial rights…
In an uncommon ruling, the Supreme Court of the State of New York affirmed a lower court ruling to set aside a prenuptial agreement entered into between a Long Island couple. The ruling allowed the plaintiff to pursue divorce relief without the stipulated protections offered by the prenuptial agreement. For many reasons, a prenuptial agreement is a good idea. Our…
Love makes the world go ‘round. Even after a lengthy or high-conflict divorce experience, many of my clients remarry. At any age, the opportunity to build a life with a person with whom you share abiding love and companionship is a blessing. If considering a second marriage, or if you just started into your first relationship since divorce, take a…
Deciding to live together is a big step in a relationship. You make a commitment that feels similar to marriage. Unfortunately, you do not receive the automatic legal protections that you do through a marriage. For example, New York inheritance laws provide protections for each spouse that is not available to unmarried partners. In addition, divorce is governed by a…