Tag Archives: marital assets

Married, but Separated, Under the Same Roof: Protecting Your Rights in a de Blasio-type Setup

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… Read More »

Rap Legend Says Her Prenuptial Agreement Led to a Smooth Divorce

Rumors about her divorce led renowned rapper MC Lyte to speak out on Instagram about the end of her marriage to John Wyche and why she’s thankful she signed a prenuptial agreement. Though prenuptial and postnuptial agreements are common among the rich and famous, few other celebrities have been as open about the significant, practical… Read More »

Don’t Use Business Assets for Personal Purposes

If you own a business and find yourself in divorce court, expect your company’s assets and debts to become a focal point of the case. The flow of cash through the business, whether in the form of revenue, loans or anything else, will be put under the microscope by your spouse’s lawyer and by the… Read More »

Divorcing When You Owe Money to Your Parents

It’s no secret that the cost of living in New York is higher than in many other parts of the country. Married couples, especially younger couples just starting out, often cope with this reality by accepting money from one or both sets of parents. Typically, the money is used toward a down payment on the… Read More »

What You Should Know About Prenups

There is a common misconception that prenuptial agreements are only beneficial for high-net worth couples, but this simply isn’t true. There are many people who can benefit from the use of a prenuptial agreement when entering into a marriage, and therefore the more you know about these contracts the easier it will be for you… Read More »