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...
Month: November 2020
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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...