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In 2020, the New York Department of Health documented 35,810 divorces in the state. Most divorces involve those between the ages of 25 and 39, with 30 being the average age. But why is this age group most likely to have a marriage end? Certain factors play a role and...
If you are going through a divorce, one of the major steps in the process is identifying all assets so you can divide them equitably. However, some spouses hide assets so the other spouse is not aware of them. If you feel that your spouse is not being honest about all...
Having a prenuptial agreement is common when there are significant separate assets, one spouse is a business owner or if one or both partners entering the marriage were in previous marriages. A prenup also prevents complications in the event of a divorce and forces...
Alimony, also known as spousal maintenance or support, occurs when one spouse pays the other one during a legal separation or divorce. Although it is not a requirement, a judge may award one spouse alimony in order to maintain a similar lifestyle as this individual...
Divorce mediation is when a neutral third party helps a separating couple agree on various issues and terms of the divorce. If you and your spouse decide to file for divorce, mediation is a way for you to work through the process in a more calm and controlled...
Outside of your home, your retirement accounts may represent the most valuable assets in your divorce. Your retirement accounts may also be among the most complex assets to split during property division. Overview The more assets you have, the more complex the...
If you spend much time on social media, you have probably seen at least one lavish marriage proposal. Because you are not a flashy person, though, you decided to have a low-key one. Still, giving your bride-to-be your family's heirloom ring ensured your proposal was...
The divorce process can create many new challenges for you that you may have not experienced before. As a result, you may struggle to cope with the process on a mental and emotional level. According to the Centers for Disease Control and Prevention, approximately 4.7...
A divorce is an overwhelming process, especially when you and your spouse share significant assets. Understanding how property division works in Connecticut can help you plan and reduce worry. Here are five things to consider when dividing your property. 1. You can...
When you split from your Connecticut spouse later in life, you may have unique, age-related financial concerns that younger people navigating divorce may not. For example, you may feel especially worried about having enough money set aside to retire comfortably and...