If you get divorced in New York, joint assets will be divided in an equitable fashion. There are many factors that may come into play when determining what constitutes an equitable division of assets in your case. These factors may include your age, ability to work...
Married couples in New York who have individual retirement accounts may be required to divide them with their spouses when they get divorced. People who are entitled to receive a portion of their spouses' IRAs will need to make sure they are transferred correctly to...
One of the most potentially heated aspects of a New York divorce case is the division of assets and debts. A common contributing factor to the acrimony arises from a lack of general understanding of the judicial standard used by a court in a divorce case in regard to...
New York spouses who are beginning to end their marriage will have several options when it comes to the process. While some couples will go the traditional divorce route, which can be long and costly, other couples might opt for a non-traditional divorce that uses...
When couples decide to end their marriages in New York after years of marriage, they might have accumulated substantial assets. People going through high-net-worth divorces will need to consider many different types of assets beyond the traditional division of their...
New York couples who are thinking of ending their marriages should consider a collaborative divorce. This type of divorce allows the couple to come up with a settlement outside of court. It turns out that a collaborative divorce can be much cheaper, quicker, and...
New York female business owners have a lot at stake when it comes to undergoing a divorce. If you've been thinking of filing for divorce but putting it off because you're not sure what's going to happen to your business, it's time to face your fear. By understanding...
A QDRO or qualified domestic relations order gives a former spouse access to retirement plan interest in a divorce. Interest in a retirement plan can not be administered to someone other than the plan participant without a court-ordered QDRO. This may require...
A qualified domestic relations order, or QDRO, is a specialized court order that may be part of a divorce case. The purpose of a QDRO is to divide a financial retirement account. Even though you have a judgment of divorce, it is also important to have a QDRO to...
In a divorce, retirement accounts are often some of the largest assets. When one of the spouses has a pension, that pension may be included as a marital asset that must be divided equitably between the parties. In New York, the courts typically use the Majauskas...