Family businesses make important contributions to New York’s economy. And as you can imagine, it takes years of hard work to build a successful family business. When a marriage comes to an end through divorce, however, the thought of losing a family business can...
Buffalo Family Law And Divorce Blog
Does wealth reduce or increase divorce odds?
It’s very true that divorce and finances are tied closely together. One of the top reasons for divorce is when couples are facing financial stress. For example, 54% of Americans would consider divorce if their partner had debt. This makes it seem like the main reason...
Unique challenges inspired by grey divorces
Grey divorce, a term for couples divorcing after the age of 50 following a significant period of marriage, has become increasingly common. Those going through a grey divorce face unique challenges that are often more complex than those that younger couples typically...
How people sometimes hide assets in divorce
The unfortunate reality is that people are not always honest in divorce. Technically, everyone is supposed to be completely transparent about the assets that the family owns. They disclose these assets to the court, which then assists with property division. But...
Which assets should you prioritize during divorce?
If you’re going through a divorce, the division of your marital assets is going to be one of the most consequential steps in the process. Prioritizing which assets to focus on during negotiations or litigation can significantly impact your financial stability and...
What is bird’s nest parenting?
Bird's nest parenting, a relatively recent concept in co-parenting, offers a unique approach for families navigating separation or divorce. Unlike traditional co-parenting, where children move between their parents' separate homes, bird's nest parenting allows the...
Integrating virtual visitation terms into a parenting plan
Nowadays, it isn’t uncommon for a child to have parents who live in different states, let alone different cities. Due partially to geographic distance in many co-parenting scenarios, virtual visitation has become an increasingly popular and important aspect of...
How much of a retirement account is at risk during divorce?
Adults contemplating divorce in New York often worry about the financial risks. The equitable distribution property laws in New York require people to divide income and assets obtained throughout the marriage with their spouse in a fair manner. People have to divide...
How to divide the holidays after divorce
Dividing the winter holidays can be very tricky after a divorce. In some cases, parents may not live close together. In other cases, they may adamantly want to be with the children at the same time. But there are steps that parents can take to determine in advance how...
3 ways to protect separate property when divorcing in New York
Getting divorced in an equitable distribution state like New York gives a court the authority to divide marital property in a manner it deems fair (not necessarily equal). Courts strive to create a balanced arrangement, but they do not always get it right, meaning you...