If you and your spouse in New York are discussing the possibility of getting divorced, it is important for you to learn as much as you can about the financial implications of this decision. Some of the decisions made during a divorce may have immediate repercussions but others may not be evident until later on. One area of your life that will be impacted by your divorce is income taxes. If you are not in the middle of tax season, it might be easy to ignore this as you negotiate with your partner about who will get what from your marital estate. However, special attention to taxes is essential during your divorce.
Life will inevitably go on following your divorce in New York. Part of that may include you needing (or wanting) to relocate. That can cause complications if you have custody of your kids. Often, the issue of relocation will be addressed in your custody agreement. Yet if it is not (or you find yourself needing to relocate for family issues or business), what are you to do? Many come to members of our team here at Robert G. Smith, PLLC with this same question. Like them, you may be concerned that your decision to relocate could negatively affect your custody situation.