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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...
Would it surprise you to learn that the divorce rate is actually lower than in the last few decades? In fact, the U.S. Census Bureau found the divorce rate in 2019 was 37% (827,2611 divorces out of 2,254,404 marriages), down from between 40-50%. Divorce is not easy on...
As the summer season approaches, families with shared child custody arrangements may find themselves facing the task of creating a summer child custody schedule. Coordinating custody arrangements during this time can be challenging, but it is possible to create a...
Divorce is a challenging and emotional process, particularly when it comes to dividing property. In New York, the principle of equitable distribution governs property division, meaning that the courts divide marital property fairly, but not necessarily equally. This...
As a divorced parent, it is likely that you have periodic child support payments that you must make in support of your child's well-being if you are not the primary custodian. There is not a one-size-fits-all payment amount that all child support plans adhere to - it...
Child support can be a contentious issue in a divorce. Some parents do not want to pay at all. Others want to but cannot afford to do so after dealing with all the other expenses of a divorce. Some parents refuse to do anything without a court order. This can be a...
It may not have occurred to you that sharing a credit card with your spouse could be troublesome. However, as you prepare for divorce, you understand that you should try to close out the card as soon as possible. With an active joint credit account, your spouse could...