Serving Rome, New York residents with legal issues
When determining the division of pension income in a divorce proceeding, perhaps the most relevant documentation is Qualified Domestic Relations Orders. A QDRO is defined as an order that creates or recognizes the existence of an alternate payee's rights to receive...
When a couple gets married they typically acquire a number of tangible assets over the years. They may buy a home, a car or two and perhaps a boat or a timeshare. Usually, couples buy these items assuming they belong to both of them and that they will share them for...
Alimony (aka spousal support) is a tricky subject. The idea behind alimony is to limit the economic hardship imposed by a divorce. The spouse who earns more may be asked to contribute financially to the other spouse's income. Unlike child support, the courts are...
You might think that the biggest fights a divorcing couple would have, aside from custody battles, would be over houses or money or even cars. Surprisingly, that is not usually the case. Divorcing couples, especially those of high net worth, tend to have the biggest...
It is said that childless couples traditionally fight over three topics: sex, money and work. Couples with children traditionally fight over four topics: sex, money, work and the kids. When divorce strikes, those fights tend to boil down to two topics: money (property...
Last time, we looked briefly at a dispute between hedge fund manager Jacob Gottlieb and his wife concerning the validity of the couple’s 2007 prenuptial agreement. As we noted, Gottlieb’s wife lost her bid to have the agreement struck down on terms of...
Jacob Gottlieb, the 44-year-old New York hedge fund manager and founder of Visium Asset Management, recently won a court battle with his 37-year-old wife Alexandra Lumiere concerning alimony and who will take ownership of the family home after their divorce. The...
Typically, we think of fault as not being a factor when it comes to divorce, but as we’ve been exploring, there are certain instances where it can factor in, infrequent as they are. In addition to the rare cases where fault can factor into property division,...
Last time, we raised the question of whether fault can be a factor in property division decisions here in New York, and if so, then how? As we noted, fault is generally not a factor for judges when making property division decisions. It may become a factor, though, in...
Division of marital property is an important issue in divorce, and not only because of the inherent value of the property involved, but also because of matters of justice and equity. As readers may be aware, the state of New York utilizes an approach to property...