Children in New York and throughout the country can be negatively impacted by a divorce. Therefore, it is important to give them special consideration in the aftermath of what can be a significant event in their lives. In some cases, a child may believe that the...
How will you divide your retirement accounts in the divorce?
The property division phase of a divorce can be complicated and frustrating. You may understand how to divide assets such as the contents of your checking and savings accounts, but what about your retirement accounts? Good question. It turns out that the rules are...
The potential benefits of a TOD designation
New York residents may be able to use a transfer-on-death (TOD) designation to transfer assets without the need to go through probate. Assets such as money in a bank or brokerage account could be eligible for such a designation. When the current owner dies, any...