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...
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Divorce
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...
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 Amherst, 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 Amherst, New York...
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...

