Many couples in New York and throughout America have likely thought about the impact that divorce could have on their finances. They may have also pondered how it could impact their access to an affordable health care plan. If you have thought about divorcing your...
How marital property law determines 401(k) division
When divorce ends a marriage, many assets get divided among the former spouses. That may include 401(k) retirement plans, but they're not necessarily divided on an equal split. New York, like most states, is an "equitable distribution" state, which means the court...
What to consider when dividing joint assets
A divorce can have a significant impact on your finances both now and in the future. New York is an equitable distribution state, which means that marital assets are divided based in large part on what the court believes to be fair. Let's take a look at what might...
4 tips for smoothly handling divorce
Many New York residents have heard about the emotional and financial trials that can come along with divorce. As someone who recently decided to bring your marital relationship to an end, you may understandably worry about what your process will look like. However, as...
Two common mistakes women make in divorce
If you are a woman in the middle of a New York divorce, the financial decisions that you make can impact your life after divorce for quite a long time. Here are some common financial mistakes to avoid. Failing to get financial help immediately One of the biggest...
Tips for talking to kids about divorce
Ending a marriage can be one of the most traumatic events that you'll experience during your lifetime. The news that you're getting a divorce may be even harder for your kids to handle. Therefore, it is important that you explain what is happening in an honest manner...
Important points to consider with collaborative divorce
Many divorces in New York are rife with disagreement and complexities. This is especially true for couples with relatively high incomes and assets who are thinking about how they will move forward after the divorce is complete. For couples who are amicable enough,...
Questions to ask before seeking the family home
You have the right to seek possession of the family home as part of a final divorce settlement. However, it is important to make sure that you can afford mortgage payments and maintenance costs on a single income. Let's take a look at some questions that you should...
Dividing a family business in a divorce
Divorce negotiations in New York and around the country become more challenging when the spouses involved own a business. This is because businesses are both an asset with tangible value and a source of future income. The simplest approach is to sell the business and...
What’s the appropriate way to ask for a divorce?
There could come a point in your marriage when you believe that divorce is the only answer. If this happens, you need to review your marriage, the divorce process and what the future will bring should you go down this path. While there is no right or wrong way to ask...