The retirement accounts are often an issue in a New York divorce, especially when the divorcing couple is older. The divorce agreement or the court could split the accounts between the spouses based on equitable factors. The qualified domestic relations order is what...
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Divorce
Should you have a prenup?
Getting married is an exciting time of life, and it is easy to get caught up in the wedding planning without thinking about what happens afterward. If you or your partner is coming into the marriage with more assets than the other, you may want to consider a...
Who reports the children on their tax return after a divorce?
New York residents who have children commonly claim them on their tax returns to increase the number of tax breaks that they get. For example, one can receive the Earned Income Credit or dependent tax credit when they claim their children on their tax return. If...
Do you have to divide your business in a divorce?
One of the main concerns you may have with filing for divorce is the future of a business you own in New York. If you started or acquired the business during the marriage and you don't have a prenuptial agreement, you'll have to plan on how the business will be...
The role discovery plays in a divorce proceeding
The discovery process allows you to learn more about how much money your spouse earns in a year or how much debt he or she might have. This information can be useful when it comes time to negotiate the terms of the final divorce settlement. New York is an equitable...
When can you request a modification in Williamsville, NY?
Even if child support was part of a final divorce decree, circumstances can change as the years pass by. Because of these changes, either party involved in the divorce can file for a modification in monthly child support payments. However, courts in Williamsville, New...
Problems in hostile divorces
Divorce can be a stressful and emotionally-draining process that often brings out the absolute worst in people. No matter how much a couple used to love each other, the process of dissolving a marriage in New York can bring out feelings of anger, bitterness and...
How to financially protect yourself before a divorce
For many people in New York, marriage can seem like it will last forever, which is why so many people take a financial hit when one spouse suddenly presents them with divorce papers. That is why it is so important to set up the proper financial protection in case of...
Should you settle your divorce or go to court?
Ending a marriage is one of the most stressful situations anyone can go through, especially when children are involved and regardless of how long they have been married. A big part of the anxiety most people feel is over the process itself and not knowing whether to...
Is the cost of living factored into child support payments?
If you're paying child support in New York, several factors can influence the amount that you're ordered to pay each month. The court typically takes your income into account as well as your spouse's income and the amount of time each parent spends with the child. If...
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