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In a New York divorce, wasting assets, known as “wasteful dissipation,” happens when one spouse uses marital assets for personal purposes unrelated to the marriage or spends them recklessly as the marriage moves toward divorce. A judge may consider that conduct when...
Retirement savings often represent your largest asset after a home. In New York, funds added to a 401k, pension, or IRA between your wedding day and the date you file for divorce belong to both spouses. Courts split these accounts based on fairness rather than an...
Losing a job can quickly disrupt even a well-planned financial routine. Child support may become a pressing concern because the existing order usually continues despite a change in employment. If you recently became unemployed, you might wonder whether your monthly...
Summer often brings changes to parenting schedules, vacation and childcare agreements. For co-parents in New York, proper planning can help reduce misunderstandings and avoid custody disputes during school break. Can you take your child out of New York? While a child...
People often share a deep emotional bond with their pets and treat them like family. Therefore, in a divorce, it is difficult to consider them as simply another physical asset. Losing the companionship and comfort of a pet during a painful divorce could add an...
A divorce settlement may seem fair at first, but hidden financial issues can change its true value. Taxes, hidden assets, future expenses and property disputes can lead to costly problems after the divorce is final. In New York, many of these issues arise when people...
Your teenager announces they want to live with your ex, and suddenly it can feel like the decision is out of your hands. In New York, though, a child does not simply get to pick which parent to live with, which for many worried parents is a quiet relief. Here is how...
For many families in New York, child support payments do not necessarily end at a high school graduation. While state law orders parents to contribute to higher education expenses, judges may limit the contributions to the cost of a State University of New York (SUNY)...
When custody becomes part of a New York divorce, the terms can become confusing. Legal custody and physical custody address different parts of your child’s life. Understanding the difference can help you focus on major decisions, daily routines and parenting time....
Divorce can significantly impact the family dynamics, particularly when children are involved. When deciding child custody, courts prioritize the child’s best interests, but the challenges do not end with the decision. Parents need to manage financial responsibilities...
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