Divorce is a significant life event that can affect numerous aspects of your life, including your taxes. Understanding these potential changes is crucial for managing your finances effectively during and after a divorce. Below are key areas where divorce might...
Divorce
Can your spouse hide assets in a foreign country?
The fear of a spouse hiding wealth abroad is a common concern. Divorce can feel like a hide-and-seek game, especially when involving international assets. But can your spouse conceal assets in a foreign country? Explore this issue and understand your rights and...
How can I secure spousal support when my ex-partner lives abroad?
In today's interconnected world, international marriages are increasingly common. However, when these relationships end, navigating spousal support across borders can become a complex and challenging process. Understanding jurisdiction One of the first hurdles in...
Housing decisions during divorce: Keep, sell or downsize?
Untangling decades of shared life is rarely easy, and the emotional turmoil of divorce often intersects with complex financial decisions. Among the most pressing is what to do with the marital home. Should you fight to keep it, consider the benefits of selling or...
Signs that it might be time to consider divorce
There’s no one event that’s indicative that it’s time to seek divorce. Some people have a higher tolerance for marital difficulties, and some are fully committed to trying to make their marriage work at all costs. But if you’re in a toxic relationship that jeopardizes...
What factors can significantly add to divorce costs?
Going through a divorce could be expensive. Aside from spending on requirements to kick off the legal process, other expenses might arise because of your family's circumstances. Shouldering these charges can also be overwhelming, making it challenging to carry if the...
Four ways to argue for your fair share of marital assets
Given that New York recognizes equitable division of marital estates, you and your spouse will be required to divide your assets fairly unless you agree to some other sort of settlement. While many people think that this means that their assets have to be divided...
How can mediation help in my divorce?
Navigating a divorce can often be brutal, but it does not have to be. There are options for individuals and couples looking for solutions that do not involve a lengthy courtroom battle. Enter mediation. First, let’s talk about what mediation is and how it can help...
What are my options to protect my business in divorce?
Many people living in Westchester County own either all or a portion of a business. If successful, the business may be the person’s main source of income and the most valuable asset in their portfolio. They may also have invested a lot of their time and efforts in...
A full financial disclosure is key to achieving a fair divorce
Financial considerations are often unavoidable in a New York divorce. Knowing how much property is available, what it is worth, the amount of money, investments and retirement accounts each party has and other monetary concerns are key aspects to reaching a reasonable...