In a high-asset divorce, significant wealth and valuable assets are at stake. This can result in additional pressures for each party. For example, calculating spousal support can be a complex process. Those approaching divorce with a high net worth should understand...
Spousal Support
How long will I have to pay spousal support?
In New York, spousal support is often a significant aspect of divorce proceedings. When a marriage dissolves, one spouse may need to provide financial support to the other. The duration of spousal support payments can vary based on several factors. Length of marriage...
4 ways to minimize the financial impact of spousal maintenance
Divorce comes with a host of challenges. For many, the potential for providing spousal maintenance is a concern. While it is in the best interest to ensure both parties receive a fair and equitable settlement, there are ways to lessen the long-term financial impact of...
4 factors that affect spousal support in New York
When a marriage ends, financial support often becomes an important issue for one of the spouses. In New York, spousal support is a legal provision designed to provide economic assistance to a spouse who may be in a vulnerable financial position post-divorce. You must...
When can you request modification of a spousal support order?
Spousal support requires you to pay your former spouse a specified amount. The length of time you will need to make these payments could vary depending on your divorce settlement. There might be times when you feel the need to request a modification of the spousal...
What is spousal maintenance?
Spousal maintenance is also known as alimony. It is a payment of some type made from one spouse to the other to provide support after a divorce. Spousal support is a means to ensure that parties leave the marriage on fair financial footing without one spouse leaving...
Is your ex hiding assets?
When going through a divorce, assets and asset division will often take up a big portion of the time devoted to it. Even if all goes to plan, this is a long and difficult process. Of course, if someone attempts to hide assets, it is even more difficult. How asset...
Physical and emotional factors that impact your spousal support
When you make less than your spouse, you have a certain amount of financial stability that depends on him or her. During a divorce, that financial stability may have to come from other places like court-ordered spousal support. When New York courts look at a divorce...
Are there advantages to seeking lump-sum spousal support?
If you are going through a divorce, considering whether you may be eligible for spousal support is advisable. After all, you simply may not have the financial resources to support your standard of living without some help from your soon-to-be ex-spouse. Many New...
What New York considers when awarding spousal maintenance
When you decide to seek spousal maintenance in a New York divorce, many aspects of you and your ex’s life fall under the microscope. Different factors determine if you receive spousal maintenance, and, if so, how much you might receive and for how long. According to...