Social media can be a great way to stay connected with your friends and family in today’s digital age. However, it’s important to understand that what you post online could have real-world consequences, especially if you are in the middle of a divorce. Your social...
Divorce
What to know about business valuation during divorce
If you are a business owner going through a divorce, your process may be slightly different, as your business may be subject to property division. Thus, it's vital to know the value of the business sooner. Here is what to know if this is your case: Work with a...
3 tips to remember when divorcing a narcissist
Divorce is an emotionally challenging time. You have to think about every aspect of your life and try to determine how to handle each in turn. While this can be difficult even when a divorce is amicable, the difficulty increases if you’re walking away from a...
How can a family business be handled during a NY divorce?
Family businesses make important contributions to New York’s economy. And as you can imagine, it takes years of hard work to build a successful family business. When a marriage comes to an end through divorce, however, the thought of losing a family business can...
Does wealth reduce or increase divorce odds?
It’s very true that divorce and finances are tied closely together. One of the top reasons for divorce is when couples are facing financial stress. For example, 54% of Americans would consider divorce if their partner had debt. This makes it seem like the main reason...
Unique challenges inspired by grey divorces
Grey divorce, a term for couples divorcing after the age of 50 following a significant period of marriage, has become increasingly common. Those going through a grey divorce face unique challenges that are often more complex than those that younger couples typically...
How people sometimes hide assets in divorce
The unfortunate reality is that people are not always honest in divorce. Technically, everyone is supposed to be completely transparent about the assets that the family owns. They disclose these assets to the court, which then assists with property division. But...
Which assets should you prioritize during divorce?
If you’re going through a divorce, the division of your marital assets is going to be one of the most consequential steps in the process. Prioritizing which assets to focus on during negotiations or litigation can significantly impact your financial stability and...
How much of a retirement account is at risk during divorce?
Adults contemplating divorce in New York often worry about the financial risks. The equitable distribution property laws in New York require people to divide income and assets obtained throughout the marriage with their spouse in a fair manner. People have to divide...
3 ways to protect separate property when divorcing in New York
Getting divorced in an equitable distribution state like New York gives a court the authority to divide marital property in a manner it deems fair (not necessarily equal). Courts strive to create a balanced arrangement, but they do not always get it right, meaning you...