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The marital home is often the center of the property division debates in a divorce case. Deciding who keeps the house or how to distribute the financial responsibility is challenging, especially when you do not fully understand your options. There are several ways to...
During the process of asset division pursuant to a divorce, one spouse might get part of the other spouse's retirement plan. If this is the case, then there is a specific way to process this type of transaction. This article will look at the formal process necessary...
Retirement plans started after your wedding become part of your marital estate even when only one spouse funded the account. According to the New York State Senate website, marital property consists of assets acquired during a marriage, which could include retirement...
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...
While there are many difficult topics to negotiate when filing for legal separation or divorce in New York, dividing marital property may be one of the most overwhelming. Many people become attached to certain items throughout their marriage, and it can be hard to let...
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...
Under New York state law, parties must disclose their finances during divorce proceedings. Failing to tell the whole truth and nothing but the truth in these circumstances is fraud, and yet many people take the risk and hide assets. Why do people hide assets in...
Everyone knows that when parents of minors get divorced, they must work out a child custody parenting plan. But while most people also love their dogs, cats and other pets, there is no such thing as "pet custody" in New York. For now. The state legislature recently...
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...
Divorce comes with some special considerations when it comes time to divide marital property and establish alimony payments. When a New York couple gets a divorce, the judges aim to divide property equitably. The basis for equitable division is generally determined by...
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