When getting into marriage, every spouse does so hoping that the relationship will last till death. Despite the special bond built in the marriage, the couples may find it right that they get a divorce. New York has some of the highest rates of divorce in the country....
New York High-Stakes Family Law Blog
Features of the Hague Abduction Convention
Abduction cases involving a parent who takes their child to another country can be devastating to New York families. Fortunately, the United States, among other countries, is a member of the Hague Abduction Convention treaty, which protects children from international...
How can divorce affect your tax return?
When you get married in New York, you're eligible for extra tax breaks that you didn't get before. Once you get divorced, those tax breaks go away. However, you might still be able to claim a deduction on your taxes if you file at a certain time. How can divorce...
How to protect your investments when going through a divorce
Financial stress is one of the main reasons people divorce in the United States. That's no surprise as a recent report indicated that 13% of divorcees who had student loans blamed the debt associated with them on their failed marriages. Divorcees in New York probably...
How to deal with a joint bank account during divorce
As New York couples go through the divorce process, they will be negotiating the division of assets and liabilities. One of the marital assets they might hold is a joint bank account. With this type of account, couples have several options available to them, depending...
Divorce may trigger 401(k) distributions
The assets acquired during a marriage mostly are the equal property of both spouses. This is true of 401(k) retirement accounts even when only one spouse works. New York is a marital law state that requires an equitable distribution of financial and real property...
What is sole legal custody and why is it important?
Most courts in New York prefer to award parents joint custody so that the child can continue to have a relationship with both parents. However, if one parent is abusive, it's in the other parent's best interest to seek sole custody of their child. As they fight for...
Can I keep my inheritance in divorce?
When you married your spouse 10 years ago, you were excited to share a long future together. But now, a decade later, the strain of you both having high-powered jobs and a young child have taken a toll. You’re considering a divorce. One of your biggest concerns about...
Protect your finances if you’re in a high-asset divorce
People who are going through a divorce need to ensure that they protect themselves from being taken advantage of by their ex. This isn't always easy to do, but you can make good headway by remaining calm and paying close attention to what's going on.One of the first...
Your holiday custody planning should start right away
Navigating the holiday season is challenging for many families. The uptick in activities can make this difficult, and when you add in a child custody agreement, it gets even more complex. Some parents might be tempted to wait until the last minute to address child...