You get a pension, but you're not going to get all of it. You and your spouse got divorced, and your ex is entitled to a portion of that pension. While you've come to terms with the fact that your ex will be a beneficiary, whether you like it or not, what you're...
Serving Rome, New York residents with legal issues
Month: August 2017
Alimony is taxed, no matter how it’s paid
If you're getting alimony payments, don't forget that you have to pay taxes on them. They still count as income. It doesn't matter how you're paid. For instance, maybe your ex was ordered to pay you $5,000 per month, and he or she just shows up once a month with a...
Explaining simple property division in New York
When couples head for divorce, they usually don't know the first thing about the process or what types of roadblocks they might run into in New York. Finding out as the divorce progresses can be very stressful and overwhelming for all involved. One important topic to...
Why is my prenuptial agreement invalid?
The creation of a prenuptial agreement prior to a wedding can save you and your spouse-to-be plenty of stress and heartache should you ever get divorced. This document can cover quite a bit of different items, clearly defining how assets will be divided upon your...
3 costly financial mistakes to avoid during divorce
If you and your spouse are drifting farther apart and you feel the divorce coming soon, you must start preparing now. Not only is this going to be an emotionally difficult process, but it will take a toll on your finances as well. If you are not ready, it could do...
Wife wins court decision in divorce totaling $800,000
A court has ruled in favor of a wife in a divorce worth $800,000, according to reports out of Portland. The decision came from the Maine Supreme Court and it upheld a similar ruling from a lower court. The divorce involved a host of assets, including a lobster...