When couples with considerable assets face divorce, the stakes are usually high for each individual and could result in serious financial strife in the future. CNBC notes that in the past year, the rate of divorce-related loan applications spiked to more than 50% as...
Before the divorce, emotions are still fresh and fear of the future may be overwhelming. One of the significant uncertainties revolves around a couple's finances. Do not wait until you find yourself amid divorce proceedings to prepare your finances for the split....
Divorce involving high net-worth individuals can be a complicated matter in New York. There are a lot of income sources and assets to consider, and it is easy to make mistakes that lead to big tax bills or missed opportunities. This is especially true with executives...
The bitterness rose to the top. Then came time for payback in the eyes of your estranged spouse. He did not want you to get your fair share of marital assets, so he set out to hide, spend and destroy them. He would do so through the “dissipation of assets,”...
During divorce, many New Yorkers worry about how they will protect their real estate investments. Fortunately, there are some things that they can do in order to ensure that all of their assets are dealt with in a fair manner. Here are some ways that individuals can...
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...
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...
