On behalf of Keith B. Schulefand, Esq. | Jul 28, 2020 | High Asset Divorce
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...
On behalf of Keith B. Schulefand, Esq. | Jul 21, 2020 | High Asset Divorce
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...
On behalf of Keith B. Schulefand, Esq. | Jun 10, 2020 | Blog, Divorce, High Asset 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...
On behalf of Keith B. Schulefand, Esq. | Jun 2, 2020 | Blog, Divorce, High Asset Divorce
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...
On behalf of Keith B. Schulefand, Esq. | May 14, 2020 | Blog, High Asset Divorce
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...
On behalf of Keith B. Schulefand, Esq. | Apr 30, 2020 | Blog, High Asset 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...
On behalf of Keith B. Schulefand, Esq. | Apr 17, 2020 | Blog, High Asset Divorce
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...
On behalf of Keith B. Schulefand, Esq. | Mar 6, 2020 | High Asset 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...
On behalf of Keith B. Schulefand, Esq. | Feb 25, 2020 | High Asset Divorce
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...
On behalf of Keith B. Schulefand, Esq. | Feb 6, 2020 | High Asset Divorce
Individuals in New York who are going through a divorce will need to prepare for a new financial reality after the marriage officially ends. Ideally, a divorced person will create a budget that reflects his or her current circumstances. It is a good idea to consider...
