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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...
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...
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?...
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...
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...
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...
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...
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...
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 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...
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