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Secondary real estate can represent both significant equity and deep emotional attachment for many families. Whether it is a summer cottage along Lake Erie, a Finger Lakes retreat, or an investment rental property, these assets require a different approach than the...
In a New York divorce, the family home can be one of the biggest financial issues. The court first decides whether the home is marital or separate property, then values the equity and decides how to divide it under New York’s equitable distribution law. Is the home...
A divorce settlement can resolve major financial and parenting issues, but problems may arise when one spouse does not follow the agreed terms. What happens if your former spouse refuses to transfer property, make a required payment or complete another obligation? New...
Raising a child takes significant resources. When a non custodial parent loses their job, you may wonder: Can you still get child support from an unemployed parent in New York? The short answer is yes. Under the New York Child Support Standards Act (CSSA), both...
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...
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...
When you divorce in New York, dividing assets is only part of the process. You must also address debts. Understanding how debts are classified helps you plan ahead. These decisions can affect your finances long after the divorce is final. Identifying marital debt...
Telling your children about an impending divorce ranks among the most difficult conversations you'll ever have as a parent. While there is no perfect way to share this news, approaching it thoughtfully can help your children process this major life change with less...
Walking away from a marriage can already be challenging. Doing so while pregnant can add another layer of complications. You may want to pay special attention to certain legal and financial hurdles that affect both you and your unborn child. In New York, pregnancy can...
For a business owner, divorce may feel like an existential threat. You may fear losing the enterprise you built with sweat and dedication. This legal battle, however, does not have to end your company. Knowing how New York law works for your divorce and strategic...
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