New York law states that spouses have the responsibility to take care of each other. Spousal support isn't just for divorced couples. Some married people go to court to obtain spousal support when their spouses aren't fulfilling their legal duties. In New York, the...
New York couples who are undergoing a divorce have a lot on their minds. One particular area they may not be considering is the tax consequences of their divorce. It's necessary to let each spouse understand any tax consequences that are a result of property division...
When you have a business you own and are preparing for divorce in New York, you may be afraid that you'll lose your business to your spouse. Fortunately, there are steps you can take to protect your business. Start by forming an LLC, trust, or corporation, which you...
Wealthy families often concentrate on inheritance or estate taxes, but divorce is now becoming a significant threat to the preservation of family funds. Affluent families may also face the challenge of accurately distributing funds to family members or assets in...
Undergoing a divorce is a time-consuming process that comes with many different questions. Most of these questions revolve around New York laws that determine how assets will be divided between you and your spouse. If you own a business, understanding how your divorce...
For older spouses in New York and throughout the US who want to get divorced, ending a marriage can look very different than it would for young couples. Older couples usually have adult children who are no longer living with them, so they don't have to worry about...
In New York, it can be complicated to attempt to sell a business that is owned by a couple going through a divorce. The other person is still entitled to their share of the business, even if one of the spouses managed and owned it. The individual selling the business...
Going through a divorce is an emotional roller-coaster, as some New York residents have discovered. Even in amicable divorces there is often tension and negotiating going on, in addition to dealing with the emotions brought up by the process. Because splitting up can...
There's no doubt that going through a divorce in New York can be one of the most difficult things a person can go through. Not only is this an emotional time for everyone involved, but other issues can arise from the process. One of the newer obstacles plaguing...
Making the difficult decision to file for a dissolution of marriage can bring with it a great deal of stress. Not only are you facing the prospect of beginning a new chapter of your life, but you may also be struggling to responsibly manage your existing investments....
