Tag Archives: equitable distribution

Bryan L. Salamone Chosen as Lawyer of Distinction

New York family law attorney Bryan L. Salamone has been admitted for 2019 membership to the Lawyers of Distinction, a roster of elite attorneys nationwide who stand out based on high achievement and recognition by their peers. This honor is bestowed on the top 10 percent of lawyers in the country by practice area, and… Read More »

The Smarter Divorce: A Wholistic Approach to Divorce and Family Law

At Bryan L. Salamone & Associates, P.C., I’ve been handling divorces for more than 20 years. My firm is made up of more full-time divorce lawyers than any other divorce firm in Suffolk County. So, over the decades, I’ve seen how other divorce firms represent their clients. And what I’ve found is that their representation… Read More »

Bryan L. Salamone & Associates Named a Top 10 New York Family Law Firm

Bryan L. Salamone & Associates P.C. has been selected by the American Institute of Family Law Attorneys (AIOFLA) as one of the 10 Best Family Law Firms for Client Satisfaction in New York State for 2018–2019. Selection for this honor is limited to firms that have achieved unparalleled success in legal practice while placing paramount… Read More »

Can Divorced Couples Split Rental Properties on Their Taxes?

If you and your spouse own rental properties together, you are allowed to continue renting it out after your divorce if you wish to do so. However, you’ll need to come to a mutual decision about how you’ll divide these rental assets and the tax bills. As far as the IRS is concerned, whether you… Read More »

How to Handle Credit Card Payment Responsibilities After a Divorce

In some cases, a divorce court may include stipulations stating that one spouse is responsible for paying debt on credit cards that were taken out in their former spouse’s name. Of course, the concern then becomes that the ex-spouse will take advantage of this arrangement and rack up massive bills in the hopes that you… Read More »

What to Know About Equitable Distribution in New York

In New York, the standard for divorcing couples is that their property will be divided in an equitable manner. Note that this does not necessarily mean an equal division, but instead a fair one. When making decisions regarding asset distribution, courts will consider what each spouse brought to the marriage and what each will need… Read More »

How to Deal with Life Insurance During Divorce

Life insurance is one of the financial assets you must disclose during your divorce as part of the equitable distribution process. But the court can treat your policy any number of ways, depending on your family’s overall circumstances: A piece of property — A whole life policy has cash value. The court may assess the… Read More »

Does Your Spouse Have a Right to Your Trust Income?

If you receive income from a trust fund, you probably don’t want to share it with your spouse after your divorce. Fortunately, if you have lived in New York long enough to file for divorce here, your trust fund is probably safe. However, under limited circumstances, your ex might have a claim to support from… Read More »

Fraudulent Transfers in Divorce

A fraudulent transfer is a transaction one person makes to frustrate another person’s legitimate claim to an asset. In divorce, fraudulent transfers occur when one spouse deals away property he controls to prevent the court from counting it and distributing it to the other spouse.  Fraudulent transfers are illegal, of course, but they can be… Read More »

New 2016 Alimony/Maintenance Laws: Ladies and Gentlemen Start Your Divorces

Originally, Alimony Laws were to eradicate financial inequities suffered by divorcing women. Since then, alimony has turned into maintenance and maintenance has various factors which determine as spouse’s eligibility; the amount of maintenance and the duration. On June 24th, 2015 the United States Senate passed a bill which was a “sweeping revision” to the Domestic… Read More »