Buffalo Divorce Blog
Dividing military retirement pay during a divorce
Almost all divorces that include marital assets are complicated, but military divorces can be more complicated than most. There are federal laws that pertain to military divorces that aren’t applicable to divorcing civilians. Military families who are stationed in or...
Financial issues that arise when older adults divorce
When people decide to divorce after retirement or as retirement approaches, they might be more financially vulnerable than younger individuals who get a divorce. Younger people have more years ahead of them in the workplace to recover financially that may not be...
Kristin Cavallari’s divorce might be complicated
New York fans of "Laguna Beach" and "The Hills" have likely heard that reality star Kristin Cavallari is going through a divorce from Jay Cutler, an NFL player. Cavallari's net worth has significantly increased with her fame, and it may be at issue in her divorce....
A billionaire moves assets to South Dakota
Given the high incomes in New York, some of the marital estates at issue in a divorce can be rather large. Even though there are consequences for it if it is discovered, many spouses attempt to go to lengths to hide assets in their case. This would keep them away from...
Asset trusts in one state could complicate divorce
The end result of a New York divorce is that the spouses will ultimately divide the marital estate. In order to figure out what property is subject to division, each spouse will provide an accounting of their property. In some cases, a spouse may try to engage in...
Managing a portfolio after a marriage ends
New York residents who are going through a divorce are encouraged to take steps to minimize the financial damage that it can cause. Those who believe that they may be getting a divorce soon are also encouraged to think about how the end of their marriages could impact...
Some Social Security benefits may be available after a divorce
If a person in New York gets a divorce that involves a name change, it is important to notify the person's employer and the Social Security Administration to ensure that earnings are reported correctly. One person might still be eligible to draw benefits on the...
Cryptocurrency may be a way to hide assets
The amount of New Yorkers who hold cryptocurrency assets has made this a more challenging issue in a divorce. This is an asset and is part of the marital estate. However, the unique nature of cryptocurrency and some of the difficulty in tracing it can mean that some...
Child custody: When parents live in different states
With many jobs being highly mobile and people required to move for their positions, many parents in New York must deal with interstate child custody when both parents live in different states. Child custody is more difficult when parents live further apart, because...
A divorce planner can help during the process
New York divorces are difficult in many ways. Besides the life changes that you must get used to, you must also navigate a financial minefield for which it is very difficult to plan. Your new reality likely includes a different financial situation than you lived with...
