Sorting out all the property that must be divided between a divorcing couple can be challenging. It can be especially challenging when the divorcing couple owns a business together that must be divided. For that reason, divorcing couples who are also business owners...
In New York, there are many people who have significant assets and are moving forward with a divorce. This is often viewed as the foundation for dispute with a long-term back and forth as both sides battle over various properties. This can include a business, real...
New York law requires divorcing couples to divide their marital property in a way that meets standards of fairness under state law. These assets can include everything from household furniture to complex investments, and more. Dividing some types of property is...
When a couple decides to get married, divorce is rarely on their minds. However, divorce is a reality that many couples have to deal with a later stage. The marriage may sometimes be short and it may sometimes be long but as a couple continues living together, their...
The state of New York uses equitable distribution to divide a divorcing couple’s assets during a divorce. In other words, courts will evaluate how to divide the marital property fairly and equitably between the soon to be ex-spouses. However, it is important to...
Marriage should be an opportunity for two people to create a future full of promise and hope. For the pragmatic New York State business owner, however, prosperity may lie in the protections that a solid marriage agreement can offer. Keeping business separate from...
For New Yorkers over 50 whose marriage is struggling and divorce is on the table, there are different concerns that there would be for younger people who are just starting out in their adult life. With these cases – a so-called “gray” divorce – certain factors come to...
As many marriages have transitioned to two-income households, many marriages still have the more “traditional” marriage, where one spouse handles the financial responsibilities and the other the domestic responsibilities. While this can be an efficient way to run a...
Property division during divorce can be a difficult process emotionally and financially for the divorcing spouses. For that reason, they should be able to anticipate what will be divided during the property division process and how it will be divided. Types of...
There is an important difference between the different types of property a couple may possess when it comes to the property division process. Only marital property is generally subject to the property division process, unlike separate property which is usually not...
