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A divorce that involves substantial assets introduces a layer of complexity that goes beyond the usual emotional and logistical challenges of separation. Aside from sorting out the basic issues of married life, couples embarking on this type of divorce are diving into...
During divorce, you and your former spouse will typically go through property division, which may also deal with debt. This step can help you make precise arrangements, indicating who will be responsible for specific loans and other financial obligations. Finalizing...
Divorce can be complex. That may become even more true with alimony and the many nuances it involves. One question is whether a spouse can deliberately prolong the divorce proceedings to secure a higher alimony payment. This could be because longer marriages may mean...
Divorce brings many changes to a family dynamic, especially when children are in the picture. Some parents love the care their nannies offer. They may wonder whether it is a good idea to share the same nanny between households. Consistency in child care Sharing a...
Divorcing couples often grapple with the division of assets, including income components such as bonuses. In states such as Connecticut and New York, the process of dividing marital property adds a layer of complexity to the separation of finances. In the eyes of the...
Divorce is a life-altering event that comes with emotional turmoil and significant financial implications. While it's important to focus on your emotional well-being during this time, it's equally crucial to protect your financial stability. There are some essential...
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...