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...
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Divorce
Mediation and collaborative divorce
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...
Important considerations when dividing assets in a divorce
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...
What exactly is a collaborative divorce?
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...
What female business owners need to know about divorce
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...
Why do you need a QDRO?
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...
What to know about postnuptial agreements
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...
How to divide retirement accounts in a divorce
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...
Prenuptial agreements may benefit millennials
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...
Why couples should meet with divorce attorneys before marrying
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,...
