In a divorce, assets acquired by either party while they were wed typically become part of the marital estate that must be divided between the parties. Often, questions over who gets the house or car are the most difficult part of the marriage dissolution process. If you’re going through a divorce, you should remember that all assets are subject to…
Children have a difficult enough time when their parents divorce, and a dramatic shift in their daily routine can make the situation even more traumatic. One goal of child support is to order payments that allow young people to maintain the same lifestyle as they enjoyed while their parents were together. Following a contentious proceeding, veteran actor Kevin Costner learned…
Throughout the country, states use the “best interests of the child” standard when making decisions regarding custody and visitation. During these reviews, judges can use any information they feel is relevant, but New York law has established several specific factors to be considered. Some of these factors seem fairly obvious, such as whether a parent has a history of substance…
Despite being out of office for more than two years, former New York City Mayor Bill de Blasio got a great deal of attention when he announced his separation from Chirlane McCray, his wife of 29 years. Though breakups among the famous are common, the terms of the de Blasio-McCray split differ from those of most couples. In a statement,…
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, whether negotiated or delivered by…
Family courts frequently struggle with the balance between a parent’s right to see their child and the need to make sure that the youth will be safe with a noncustodial father or mother who has engaged in risky behavior. Often, supervised visitation is viewed as a suitable compromise. In these situations, the judge appoints a neutral third party who must…
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 with financial and medical problems…
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, and some husbands and wives…
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 or older. In some ways,…
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 time, so preparing for the…