If you’re contemplating divorce, one of the biggest decisions you and your spouse will need to make is what to do with your home. It’s likely the largest joint asset you have. If you’ve lived in it for a number of years and you’ve been raising your children there, it...
A qualified domestic relations order (QDRO) is a legal tool that helps to make sure certain retirement plan providers pay out benefits as outlined within a divorce settlement agreement. Anyone that is getting a divorce should know about these documents and when they...
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...
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...
When they start writing their will, many New York residents are faced with the difficult decision of dividing up their assets between their children and their spouse. They don't want to leave their spouse with nothing, but their children might need the money more than...
When you marry someone, you combine your life, household and finances with them. Usually, this process is beneficial, but it can certainly complicate matters if the two of you decide to get a divorce. The New York family courts will often wind up tasked with the...
Divorce means the end of your marriage, and that can be a big enough change to really present some challenges all on its own, but it may be compounded by the fact that you have to sell your home. You have to move. You lose this place that you may have called home for...
For those expecting to retire soon, understanding the basics of a Qualified Domestics Relations Order (QDRO) is essential. Retirees expecting a divorce or with dependents will be particularly impacted by a QDRO, as these court orders affect the payout of retirement...
You ask your spouse for a divorce. At the same time, you ask them for their ring set back. You gave it to them when you got engaged, after all, so you still think of it as yours -- especially now that you’re not going to be married anymore. After all, the ring...
People who think about property division often focus on the larger assets. This is understandable because they usually have the biggest impact on your finances. However, you might not be fully prepared at the depths that you will have to cover when you go through the...