Buffalo Divorce Blog
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...
How divorce impacts retirement
New York residents and others who get divorced later in life may find that it complicates their estate and retirement planning efforts. According to the National Retirement Risk Index from Boston College, 53% of households that go through a divorce are at risk of not...
Schulefand firm named to Top 19 Family Lawyers list by Expertise
Expertise.com looked at 181 family law attorneys serving the Buffalo, New York, area and chose the best 19 based on over 25 variables across five categories. The law office of Keith B. Schulefand, Esq., was among those 19 best, which were awarded in no particular...
How an inheritance is treated in a divorce
In most cases, inheritances are considered separate property. Therefore, they are generally not subject to being divided during a divorce in New York. However, there may be an exception if inherited funds were commingled with marital funds. For example, commingling...
New York high asset divorce drags on
New York has no shortage of millionaires, but one couple, in particular, has made headlines as they continue to battle over assets in their contentious divorce. The duo, who were married in 2005, are well-known in the art community, and they are each vying for...
