Tag Archives: asset division

Adultery Does Not Affect Asset Division in New York Divorces

For centuries, adultery and divorce have been inextricably linked. In fact, until 1966, adultery was the only permissible divorce ground under New York law. Even today, though most litigants opt for no-fault divorce, New York still allows marriage dissolution because one spouse has been unfaithful. However, when it comes to property division, the law does… Read More »

Know What Assets You Have Before Filing for Divorce

One of the most impactful ways you can set yourself up for success in a divorce is to get a solid understanding of the assets you have and the debts you owe. In many relationships, it is common for one partner to have much more control or hands-on interaction with money held in joint accounts… Read More »

A Spouse’s Substance Abuse Could Affect Your Divorce

Problems with substance abuse are a common factor in divorce cases. If you are divorcing a spouse who has an addiction or frequently abuses drugs or alcohol, it is important to understand how this will affect the strategies you use in your divorce. New York is one of the states that still allows you to… Read More »

Can a Spouse Lease Out Rental Property During Divorce?

Divorced couples are able to own property together, but in doing so they must abide by the same rules any other business partners would. This means one partner must have the other’s permission to take any action with the property, whether that be renting it out, making improvements or selling it. Keep in mind that… Read More »

Assets You Might Forget to Consider in Your Divorce

As you work through your divorce settlement, it’s understandable if most of your focus gets placed on child support and custody arrangements, alimony and major assets like houses, cars and retirement accounts. However, as you negotiate your settlement, make sure you are considering all your assets. There are a few that often go unconsidered in… Read More »

Divorce: A Change of Heart

Of all the causes of divorce, a change of heart is the most common. For one New York businessman, a change of heart means the end of a marriage and a career. New York hedge fund manager Adam Sender is well known in the art world for his dedication to collecting contemporary art. According to… Read More »

Splitting up a Family Business During Divorce

When a family business is part of the marital estate, the already complex asset-division process becomes even more complicated. This is especially true when the spouses launched the business together. Continuing to jointly operate a business isn’t feasible for most ex-spouses, so it’s generally necessary to divide the business or its value in a fair… Read More »

Asset Protection: Should You Care About Bitcoin?

In the past year, Bitcoin has become a household word. If heading for divorce, should you care about alternative currencies?  During 2013, the United States Senate began an investigation into the value and theory of alternative currencies like Bitcoin. Despite wild fluctuations in price, an agent for the Secret Service testified at a November hearing… Read More »

When Assets Go to Waste

Which of these examples would be considered marital waste? Upon being asked for a divorce, a spouse goes on a spending spree, running up the balance on jointly held credit cards. Throughout the marriage, a spouse drinks to excess and gambles away the proceeds of an investment account held by the couple. A couple separates… Read More »

The Unique Concerns of Later Life Divorce

Divorce at any age is stressful, destabilizing and often economically difficult. But a divorce that comes after many years of marriage, at a time when most couples are thinking of retiring, is especially difficult emotionally and financially. In March of this year, a study from the National Center for Family Life and Marriage Research reported… Read More »