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....
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...
How to plan financially for a divorce
People in New York who are going through a divorce may need to take several steps to ensure that they are financially secure. First, they should assemble all financial records dealing with marital assets. This should include estate planning documents and a prenuptial...
How taxes can affect assets in a divorce
New York residents who are ending their marriage may want to familiarize themselves with some of the laws regarding divorce, particularly before taking action to sell off a marital property home or other joint assets. Though a good family law attorney or financial...
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