Keith B. Schulefand, Esq.
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Buffalo Divorce Blog

Having an attorney as a batting coach when life throws a curve

It can be extremely difficult to prepare for every possible change in life. In some cases, when life throws you a curveball, a swing and a miss might be a minor setback, but it could also prepare you for the next attempt. However, in stressful situations where the stakes are high, being ready for anything thrown your way could be significantly more challenging.

Perhaps you and your spouse have decided to go separate ways, and in addition to dealing with the emotional stress involved, you have concerns about the potential financial ramifications of such a major life change. There are several steps you can take that might help you prepare for the financial side of divorce.

Keeping retirement plans on track following a divorce

Upon reaching a certain age, many individuals give serious thought to the process of retirement. You might have spent a few decades out in the work force and look forward to spending the rest of your days on a beach or closer to family. You have likely been planning for this life event for years, but there are other changes that aren't quite as easy to predict.

Perhaps you've experienced a change in your marriage, whether recently or gradually over time, and the relationship is coming to an end. Divorce can be a stressful and daunting experience both emotionally and financially. While the emotional grief may pass with time, you might want to approach the financial side with caution to avoid potentially devastating consequences concerning retirement assets.

The other type of infidelity

Infidelity. When you hear the word, you likely think of an unfaithful partner. That unfaithfulness, though, may have come in a different form than you were expecting -- financial infidelity. Financial infidelity involves one spouse making significant monetary decisions without the knowledge of the other spouse. While it may not sound like a big deal, it can be.

More couples divorce over issues involving money than for any other reason. Not only does financial infidelity endanger the stability and future of both spouses as individuals, it shows a disregard for some of the most important parts of any healthy marriage: communication and trust. The money itself is often much less significant than the duplicity behind it. It doesn't matter how much or how little the amounts are; what matters is the breach of trust. Betrayal frequently spells doom for many marriages.

Study reveals attitude toward remarriage after high asset divorce

As you face the many emotions of divorce, you may also find yourself considering your options for the future. Your feelings about remarriage may surprise you, and the fact that you may be having a frustrating time defending your assets likely plays a part in your convictions.

A recent study involving men and women of considerable wealth revealed some interesting trends and some division between the genders that may surprise you. On the other hand, you may be in complete agreement with the findings of the study.

The end of a marriage doesn't have to be the end of a business

Divorce is often one of the most stressful and daunting events an individual will ever have to experience. You may find the process of dividing property and assets to be extremely complex, especially if you are the owner of a business. Perhaps you are the sole operator of the business, and you have spent a great deal of time and money into making it a successful and thriving enterprise. You may wish to protect your enterprise during this period, but you may be unsure how to achieve this goal.

How do I know if my divorce will affect my business?

Preparation is key for your child custody hearing

Though your marriage may be ending, if you are a parent, you may still have a family for which you are responsible. Whenever possible, it is good to be able to make decisions about your children's future in association with their other parent. However, some divorces turn out to be unpleasant affairs, with every step contested.

Arguing over custody of children may be the least pleasant part of the entire process. By going in prepared to stand up for your rights, and with an understanding of what might transpire, you stand a better chance of being awarded custody of your kids.

Your children and divorce: Shielding your kids from negativity

Divorce is often hardest on the youngest members of the family, and for this reason, many New York parents do whatever they can to shield their children from negativity and upheaval. By providing a stable environment for the kids in the midst of such a difficult process, parents can protect the emotional and mental well-being of their kids during this time of transition.

One of the ways to do this is by choosing to co-parent. Not every family is able or willing to choose this type of custody arrangement, but if it works for you, it can provide great benefit to every member of the family. Co-parenting requires that both parents remain willing to communicate and cooperate, even after the divorce is final.

How many of your hard-earned dollars will you lose in divorce?

If you are in a high net worth marriage that is about to end, you might be concerned about the complex property division process that will likely make an uncontested divorce impossible. Your post-divorce financial situation may largely depend on whether you have a prenuptial agreement in place. Some high-profile celebrities have suffered significant financial losses due to the lack of such agreements.

The legal challenges of parenting as a same-sex couple

Like any couple here in New York, sharing your lives with a child offers rewards and challenges that those without children struggle to understand. Unlike opposite-sex couples, however, same-sex couples also encounter legal challenges when it comes to parenting.

Assuming that because the state recognizes your marriage, it also recognizes your legal rights as a parent leads to problems down the road. The assumption of parentage in an opposite-sex marriage does not extend to same-sex marriages. The only parent in a same-sex marriage not required to prove parentage of a child added to the family after marriage is the biological mother in a lesbian relationship. Gay men and the other lesbian spouse need to establish parentage through the courts.

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