Many spouses choose to step away from their careers after getting married to take care of the household and their children, while their spouses work to earn an income to support the family. However, if the couple ends up getting a divorce, a stay-at-home spouse may be...
Divorce
Marital property and the equitable distribution of assets
When New York residents are contemplating divorce, the division of assets and debt is probably one of their primary concerns about the legal process. When it comes to property and debt division, there are two main terms that our readers should be familiar with:...
What is different about a high-asset divorce?
At a high level, divorces in households with high income or a lot of wealth work the same way as any other divorce. The same New York laws still apply. Legally speaking, the process is also the same. But when it comes to high-asset divorce, the details are what really...
Basic facts to get started on a divorce
Thousands of divorce cases are filed in New York every year. Hopefully, before they proceed with filing these cases, New York residents take plenty of time to familiarize themselves with how these types of cases are handled in the courtroom. Those who do are likely to...
How should I file taxes when going through a divorce?
There are many issues that need to be handled during a New York divorce. Filing taxes is an issue that could easily be overlooked but if your divorce is pending during tax season, how you file your taxes is another topic to address. To the Internal Revenue Service,...
What are my options for dividing up the family home in divorce?
A home is likely one of the biggest purchases you will make in your lifetime, whether you make the purchase alone, with a partner, or with your spouse. If you are married and are getting a divorce, you may be wondering what will happen to your family home now that you...
How a QDRO can save your retirement account in divorce
Many people have set up retirement accounts through their employers or on their own. These accounts come in many forms, but many grow in value tax-free so long as the owner is still working. When they reach retirement age, the owner can withdraw the funds without...
How does a separation agreement differ from a divorce?
Some Westchester County residents may refer to a separation agreement as the document a couple signs at the end of a negotiated divorce settlement. The agreement spells out how the couple will divide property and co-parent.a Once the judge approves it, the judge will...
Prenuptial and postnuptial agreements in divorce
It is normal for couples in New York to come to some form of agreement that will detail what happens if they get divorced. This could be written before or during marriage. With a prenuptial or postnuptial agreement, it is important to understand what it means for both...
How do you know if mediation is right for your divorce?
Mediation is an increasingly popular way to resolve legal disputes, as it tends to be quicker and less expensive than going to court. It also helps keep information private and allows the parties to have control over their outcomes, rather than leaving matters up to a...