Like other states, New York has a set formula that courts are supposed to use when deciding on child support. In a divorce or other family law proceeding, this formula is supposed to ensure that parents in similar financial situations pay similar amounts of child...
Divorce
Can cohabitation end a spousal support obligation in New York?
Your financial future is at stake in your divorce proceedings. We don’t say that to frighten you, but instead to stress the importance of being prepared to address the legal issues that await you. Yet, even once all is said and done in your divorce case you may find...
Defeating a prenuptial agreement in a New York divorce
Recognizing that the future can be uncertain, most lawyers advise their clients to sign a prenuptial agreement in order to resolve important issue that are certain to arise if the couple decides to end their marriage. Many couples, especially those owning significant...
Filing your taxes after a divorce
Filing your taxes always seems complicated, and if you were recently separated or divorce there are some changes you will want to make when filing this year’s tax documents. This is because getting a divorce impacts how you file and what tax credits you can claim. How...
The costs of divorce varies across the nation
The much talked about incoming divorce tsunami has failed to hit our shores. Indeed, the divorce rate is at one of lowest levels we have seen in decades. Indeed, out of 1,000 marriages, only about 15 are ending in divorce, according to the Institute for Family...
How do I keep costs down in a high-asset divorce?
For those in higher income brackets, the cost of divorce may be a driver to keep a marriage together. This is not to say they cannot afford it, but there is a fear that a divorce will substantially lower one’s cost of living. Is cost a valid fear? Unless a married...
Spousal support and standard of living
Spousal support, also known as alimony or maintenance, is meant to help a financially dependent ex-spouse become independent. With that goal in mind, the support order can be on a temporary basis, or may end once the receiving spouse begins cohabiting with a new...
Actress Kaley Cuoco divorces husband
“The Big Bang Theory” and “Flight Attendant” star Kaley Cuoco has divorced her husband of three years. The couple made the news official on Instagram, sharing: "We have made this decision together through an immense amount of respect and consideration for one another...
New tax credits join divorce negotiations
Couples ending their marriage must deal with numerous personal and financial matters during their negotiations. Recent enhanced tax benefits may be worth thousands of dollars for eligible families and complicate divorce cases. Changing tax picture The recent $1.9...
Five ways to make getting through your divorce easier
If you’re readying yourself for divorce, then there’s a lot of change on the horizon. We know this can be stressful and sometimes downright frightening. You might be worried about how your divorce will affect your relationship with your children, how your financial...