Everyone knows that a divorce can wreak havoc with one's personal finances. For business owners, a divorce also has the potential to do serious damage to their company's bottom line -- and its long-term future. In this blog post, we'll discuss why that is, and what...
Property Division
Invalidating a pre-marital agreement in New York
Pre-marital agreements have become very common in New York State, especially between persons who have had prior marriages. While a well-drafted premarital agreement can resolve many issues efficiently and without the anger or frustration that can accompany property...
Using an appraiser to value real estate in a New York divorce
Divorces almost always involve one or two issues that hinder the parties in their attempt to negotiate a settlement to divorce issues without a court room trial. One issue that is often the most problematic is the value of the family home. For most couples, the family...
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 is marital property split if it is in one spouse’s name?
In a New York family law case, property division can be complicated and lead to dispute between the parties. One of the most contentious aspects is how property that both contributed to acquiring or to its increase in value will be split. This can be made even more...
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...
What should I know about property division in my divorce?
Property division is one of the most complicated aspects of a New York divorce. You may think that property division involves simply splitting up your marital assets and debts in a fair and equitable fashion, but sometimes it involves more than that. Divorce is likely...
Dividing up artwork in a New York divorce
Many high-earning couples devote many hours to finding and purchasing one-of-a-kind pieces of art for their collection. Artwork and other unique collectibles purchased during the marriage can pose certain challenges when it comes time to divide the property between...
Should I consider a post-nuptial agreement?
Not everyone has a pre-nuptial agreement drafted before getting married, for various reasons. You may think you will never divorce or believe that you do not have enough property to bother with one. However, situations often change over the course of a marriage, and...
Identifying marital and separate property in a divorce
Property division is one of the most complicated aspects of a New York divorce. New York, like many states, uses an equitable distribution model for property division. An equitable division of property does not necessarily mean that property is divided equally or...