Divorce and the sale of a home are two of the most stressful life events people can experience. Doing both at the same time can seem overwhelming. If you and your spouse have opted to sell your home and split the proceeds in your divorce, you may be dreading having to...
Can you claim a part of your ex’s pension in your divorce?
Figuring out how to split up your property is one of the most difficult parts of getting a divorce. The chances are good that you and your ex don't agree about what is fair and appropriate. You may hope to secure a portion of certain assets for yourself, while your ex...
Division of retirement accounts in divorce cases
When people in New York get divorced, they will have to divide their marital assets. The assets will be divided by the court in a fair and equitable manner. The types of property that are considered to be marital property include all of the assets that either spouse...
Many New York divorces hinge on retirement asset division
When two people are married and have jointly owned assets, the divorce proceeding divides those assets. Most understand how that affects jointly owned assets, like a house, vehicles, furnishings and other assets. Those assets also include retirement accounts even if...
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....
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...
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...
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