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...
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...
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...
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...
Social Security benefits extend to spouses, and that benefit does not necessarily end with divorce. New York residents who are divorced may be entitled to benefits from an ex-spouse's Social Security, but this depends on various factors, and the rules are somewhat...
Negotiations over the division of marital property are often difficult and delicate for divorcing couples in New York, and this can be especially true when important financial decisions have generally been made by only one of the spouses involved. Decisions about...
Beyond the emotional estrangement and loss of stability commonly experienced by divorcing New York couples, one or both partners is likely to face financial hardship throughout the process. There are some suggestions on important financial steps to take in order to...
Getting a New York divorce is not what the accountants call a routine transaction in ordinary course of business. It is not a routine transaction. Nor is it a repeating transaction. So you need to get it right, whether you...
All New York divorce lawyers, like should take note of today's (March 22, 2016) Anonymous v. Anonymous decision in the Appellate Division First Department, which puts another nail in the coffin of those divorce litigants who seek to...
New York residents who are considering a divorce may want to start by paying a visit to a financial planner. This can make a difference in the types of decisions made in the settlement. People who have not participated in handling the family finances might be in...
