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...
There are many potential benefits to negotiating a prenuptial agreement regardless of how wealthy you are prior to getting married. However, if you aren't able to come to terms to such an agreement, it may be possible to craft a similar arrangement after the wedding...
In the state of New York, joint assets are divided in an equitable fashion when a marriage is dissolved. In most cases, a retirement account will be considered a joint asset even if your spouse's name was not on it. Let's take a look at what you need to know about...
People from wealthy families often use prenuptial agreements to protect their assets, but these legal documents are becoming more popular even among younger New Yorkers without generational wealth. As a millennial, you may benefit from a prenuptial agreement because...
Couples headed for matrimony likely look forward to a lifetime with their spouses, so why should they meet with a divorce attorney before getting married? Setting up such a meeting could make sense as a preparatory measure. Many marriages in New York end in divorce,...
Although most people don't want to talk about divorce before they even say their "I dos," it is incredibly important to introduce the idea of creating a prenuptial agreement to protect one or both parties. However, much like any other legal document in New York, there...
Divorce is never an easy thing to go through, but the fact is that there was a high probability of it before you even tied the knot. In fact, reports New York and around the world state that about 50% of first marriages will fail, with that number only climbing within...
When you file for divorce in New York, your first priority might be figuring out how to divide up your assets. But contrary to popular belief, it's not just the assets that get divided up in a divorce. Your debts can also be divided between you and your former spouse....
The concept of a collaborative divorce isn't popular among many people in New York. In their minds, agreeing to a collaborative divorce is like giving up and letting their partner win. Why should they be civil to someone who's consistently disrespected them? However,...
Some longtime New York marriages end in divorce near the couple's retirement years. While the marriage was in effect, at least one member of a married couple likely worked and earned a significant amount over a career. When that person qualifies to draw Social...