Retirement accounts, such as 401(k) accounts and IRAs, frequently become sources of contention during a divorce. People often worry about protecting assets that impact their future financial stability, including their retirement savings. Spouses with complex marital...
Custody proceedings are often the most emotional aspect of a New York divorce. Even a couple’s children may end up being involved in the decision-making process when it comes time to determine custody – but how much influence do they really have? The answer is...
Belle Burden’s recent book, “Strangers: A Memoir of Marriage,” tells her story of how much of the wealth she brought into her marriage was lost due in part to an unfavorable prenuptial agreement. Before marrying, she had agreed under pressure from her future husband...
Valentine’s Day is celebrated on February 14th and we all know it’s evolved into a commercial holiday filled with presents and heartfelt gestures. Its history is deeply rooted in both love and marriage, and interestingly, it also intersects with the realities of divorce and creating a complex relationship that reflects the changing dynamics of love and commitment in modern society.…
Even in divorces that seem to run smoothly, spouses must attend to countless details. When dealing with custody arrangements, disposition of the marital home and other vital matters, it’s natural that life insurance might not be a pressing concern. Even so, ending your marriage might lead you to revise an existing policy and obtain new coverage. In a divorce, courts…
New York parents are generally required to provide child support for their sons and daughters until they turn 21 years old. Some exceptions do exist however. One of these exceptions is referred to as constructive emancipation. This is when a son or daughter is old enough to work and they voluntarily sever their relationship with a parent. Emancipation relieves a…
Parents who live apart due to separation or divorce frequently have to deal with complex issues. However, even simple situations can cause problems if proper care is not taken beforehand. When a child goes from one parent’s care to the other’s in accordance with a court-ordered visitation schedule, the exchange should be short and non-eventful. Unfortunately, this is often not…
Many people hesitate to make important life decisions because they are unsure about what comes next. Husbands and wives sometimes stay in unhappy marriages for years out of fear that they might be alone for the rest of their lives if they walk away. A review of what happens to spouses following a divorce shows that for the majority of…
Even in amicable divorces, property division negotiations can stall over certain assets with high monetary or sentimental value. Couples who are not able to reach a compromise through settlement negotiations or mediation sometimes search for a method of resolution that avoids the cost and uncertainty of litigation. If the parties are willing, there are a few nontraditional ways to finalize…
With widespread layoffs again in the news, many Americans are realizing how many negative consequences are associated with losing a job. Of course, the most immediate effect is the income loss that can inflict immense financial strain on a household even when a fired worker receives severance pay and unemployment benefits. A termination can also be emotionally devastating as people…