Divorce can bring significant changes to a person’s tax situation. The way you pay taxes may change after divorce, or you might have new tax obligations altogether. Understanding these changes can help you avoid unexpected issues and plan effectively for the future....
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Amherst New York Family Law Blog
Will you lose your business in your divorce?
Divorce can complicate matters, especially when a business is involved. If you own a business in New York, understanding how the court handles it during a divorce can help you protect what you’ve built. How does the state treat businesses in divorce? New York courts...
How do courts handle child support for self-employed parents?
Child support enforcement can get tricky when one parent is self-employed. Regular jobs provide a steady paycheck, but self-employment can make it harder for courts to figure out and enforce payments. Knowing these differences can help parents understand the process...
How will divorce affect my retirement savings?
Divorce can bring many financial challenges. During this time, it's natural to want to protect your retirement savings. After all, for many families, retirement accounts are their most valuable assets—second only to the family home. Knowing how divorce affects your...
Does the introduction of new siblings affect custody agreements?
The arrival of a new sibling can bring big changes to family dynamics, especially for children involved in existing custody agreements. Understanding how a new sibling might affect custody arrangements can help parents prepare for any changes that may be needed....
How is student loan debt split between spouses in a divorce?
Debt division during a divorce can be as challenging as splitting assets. One common issue is determining how to allocate student loan debt between spouses. Understanding the factors that influence this decision can help prepare for the process. Factors that affect...
Does getting a premarital agreement mean your marriage is doomed?
A premarital agreement, also known as a prenup, is a contract that couples create before getting married. It outlines how finances, assets, and debts will be handled during the marriage and in case of a divorce. Some people think that signing a prenup shows a lack of...
How can divorced parents make school decisions for their child?
When parents get divorced, making important decisions about their child's education can be tough. It's important for both parents to work together to make sure their child keeps doing well in school. Here are some tips for handling school decisions after a divorce....
Can sports and hobbies lead to higher child support?
Child support helps cover a child's basic needs, but what about extracurricular activities? Many parents wonder if they can adjust their child support obligations to include costs like sports, dance, or music lessons. This blog explores the factors that impact...
Divorce impacts on estate plans and beneficiary designations
Divorce often creates the need to update estate plans and review beneficiary designations. Individuals must take steps to ensure their wishes reflect the changes in their relationships. Reviewing wills A will outlines who receives a person’s assets after their death....