High-asset divorce cases are more common with older couples who have had longer to accumulate assets. Two people who get married in their 20s may have very little to their name, and they may only have liabilities – student loans, mortgage payments, credit cards, bills...
Divorce
Spending personalities matter in marriage
While there are certainly more important things in life, money is a key factor. Money is something that all married couples have to think about in one way or another. Often, couples are compatible in terms of spending and saving habits, but that’s not always the...
3 retirement resources and how divorce affects them
People tend to worry about their most valuable assets when they decide to divorce. Especially when the divorce occurs close to the age of retirement, both spouses may worry about their future financial stability. Working out appropriate property division terms can be...
How long does your spouse have to respond to a divorce petition?
You can file for divorce on your own in New York. But after you do so, you have to serve your spouse – or hire someone to serve them for you – by giving them a copy of the divorce petition. They then have to respond to that petition so that the court can get the...
3 issues that can complicate property division during divorce
Negotiating a way to divide marital property is often harder than many people realize. The equitable distribution rules that apply to marital property can be hard for people to interpret on their own behalf. What one spouse views as reasonable and fair may seem unjust...
Can job issues lead to divorce?
It is frequently believed that it is best to keep work and home life separate. When the two mix, relationships could face issues. Sometimes work experiences and home life will mix, creating issues for couples. If a job issue starts to affect a marriage, it could lead...
Can you keep TRICARE after divorcing a servicemember?
For many people preparing to divorce, health insurance isn’t at the top of the list of things to think about. However, it needs to be on that list somewhere if you’ve been getting your health insurance through your spouse’s plan. That goes for spouses of...
Are separate retirement accounts divisible in a New York divorce?
Dividing financial resources can be one of the most challenging elements of a New York divorce. The longer spouses have remained married and the more they have earned during the marriage, the more property they have to argue over as they prepare to divorce....
Your social media activity could impact your divorce proceedings
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...
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...