If you have made the difficult decision to divorce your spouse, your top priority is undoubtedly the emotional well-being of your children. After all, from academic issues to serious depression, the emotional consequences kids face because of their parents' divorces...
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Divorce
What are the consequences of not paying your child support?
Depending on your family circumstances, the court may order you to pay monthly child support to your child’s custodial parent. Because these payments are meant for the care of your child, you likely want nothing more than to fulfill this obligation. Due to the loss of...
What New York considers when awarding spousal maintenance
When your New York marriage ends, you may ask yourself if you are going to be able to maintain the same lifestyle to which you have become accustomed. If you think you may not be able to do so, you may have a reason to seek spousal maintenance, or alimony, in your...
Property division and your greatest asset, the family business
You and your spouse may have decided to end your marriage, but what you may not have decided is what to do with the family business. Your business is an asset that will become the focus of the property division. Basically, you have three options to consider in...
What are the options if a judge denies your divorce?
Though it’s exceptionally rare, New York divorce petitions can be denied. Sometimes, it’s the petitioner’s fault. Other times, judges may deny a dissolution of marriage on technical grounds. Either way, remedies are available. Why are divorces sometimes denied?...
Adult children can struggle with their parents’ gray divorce
When parents divorce, there is often a perception that only adolescents and younger children will be affected by their parents’ split. However, as some adult children in New York might find out with gray divorce increasing, the end of the marriage can impact children...
Why does gray divorce seem so common?
Gray divorce is a phrase used to describe American adults over the age of 50 who are seeking to end their marriages. While the divorce rate for other age groups is remaining flat or slightly declining, the divorce rate for the Baby Boomer generation has been steadily...
What is a QDRO?
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...
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...
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