Tag Archives: asset division

Dividing Household Items in a Divorce Can Be a Complex, Emotional Matter

For numerous couples, one of the most exciting things about getting married is registering for gifts that will help furnish their new home. Future husbands and wives eagerly await gifts such as bed linens, towels and kitchenware that they hope to use for years to come. Of course, not every marriage lasts forever, and when… Read More »

The Effect of a Divorce on Tricare, Military and Veteran’s Benefits

Americans owe so much to those who serve or have served in our armed forces. As part of our nation’s obligation to these heroes, military personnel and veterans are entitled to various benefits, some of which extend to their spouses. Many of these spouses who rely on the Tricare health program and other benefits associated… Read More »

Divorce Often Breaks Up Valuable Art Collections

High-net-worth couples going through a divorce often face complex challenges when it comes to the division of marital property. Negotiating the disposition of real estate and financial assets could take months. In some cases, consensus cannot be reached, and a judge decides what is an equitable distribution of the marital estate. Couples who own valuable… Read More »

How Is Deferred Compensation Addressed in a New York Divorce?

  Executives and other employees frequently opt to defer some of their salary for a variety of reasons. Typically, a prime motivation is to reduce current tax liability while reaping the benefits later in life when one’s overall income is lower. This is often a wise financial decision, but it can complicate the division of… Read More »

Battles Over Expensive Swiss Watches Becoming a Trend in Divorce Cases

In many divorces, the question of who receives ownership of the family home is the toughest part of dividing marital property. Disputes over cars, investments, retirement benefits and business shares are also common. However, some high net worth couples devote the same sort of effort to battles over expensive watches. Fine timepieces made by Swiss… Read More »

How Tom Brady and Gisele Bündchen Aced the Divorce Process

Legendary quarterback Tom Brady’s personal fortune is estimated at $250 million. However, that puts him far behind his ex-wife, supermodel Gisele Bündchen, who is said to be worth $400 million. Dividing the assets from a 13-year marriage involving two incredibly wealthy people might seem like a legal web that could take years to untangle but,… Read More »

Stallone Divorce Highlights Disputes over Intentional Dissipation of Assets

Hollywood divorces are not exactly uncommon. It can seem there is a never-ending parade of celebrity breakups. The divorce of Sylvester Stallone and his wife Jennifer Flavin after 25 years is slightly different though. Along with her claim that the marriage is irretrievably broken, Flavin is requesting a higher share of the marital estate because… Read More »

Dividing Cryptocurrency in a Divorce

A bitter divorce could include arguments over parenting time, property and money. And now, with an estimated 20 million Americans owning cryptocurrency, finding and dividing these digital assets is proving to be another contentious issue during many divorces. The decentralized nature of “crypto” and the lack of relevant regulation might appeal to some people looking… Read More »

Why You Need to Prepare Before Filing for Divorce

Even though you may have set your mind unchangeably on divorcing your spouse, rushing to file papers could hurt you in the long run. If you try to speed through the process to just get it over with, you may find yourself with poor outcomes that affect your life and the lives of your children… Read More »

Special Considerations for Divorce During the Pandemic

Forced closer together by lockdowns, travel restrictions, work-from-home orders and school closures during the pandemic, many married couples have seen their relationships strained to the point of breaking. This has led to a surge of divorces in New York and across the nation. But with the backlog of cases caused by COVID-related court closures, estranged… Read More »