When you and your spouse get divorced, the court may have to step in to help you divide your assets and property. There are cases in which you and your ex can agree on certain points and work together, but the court helps ensure things are done properly and it helps...
Serving Rome, New York residents with legal issues
Property And Asset Division
Can you find your spouse’s hidden assets?
You and your spouse decide to get divorced. You know that assets should get divided between the two of you, but you worry that your spouse may try to hide them from you. Can you find them? What do you need to do to make sure you really get a fair share? One great...
A 401(K) is not always split down the middle in a divorce
New York is an equitable division state, which means that in a divorce, assets are not necessarily split 50-50. The judge will decide on a division that is deemed fair for both parties. Retirement accounts are always among the more important assets, and a 401(k) is...
Dividing property in the midst of an uncontested divorce
You've likely heard the term uncontested divorce in the past. You most certainly have heard it if you are in the throes of a divorce right now. An uncontested divorce is one in which you and your spouse are able to come to an amicable agreement on the terms of the...
Debt doesn’t go away when a divorce is finalized
If you are working towards a divorce in New York, there's something very important you must understand: Debt does not go away once the divorce is finalized. Take a minute to let that sink in. You will still be responsible for the debt that was accrued during the...
Why you may need both an attorney and a CPA when drafting a QDRO
When you and your spouse divorce in New York, one or both of you may have one or more retirement account(s) that represent a major portion of your marital assets. For many couples, the value of these accounts’ long-term benefits represents the single largest marital...
How to handle lies by your spouse on a financial affidavit
When the time comes in your divorce proceedings to complete and sign the financial affidavit, you will be responsible for providing as much information as possible. This is a legal document that is recognized by the courts. It's never a good idea to lie on this...
How to divide a collection when getting divorced
Have you accumulated a lot of stuff in life? It seems like everyone has at one point or another. Some of that stuff might be more important to you than some of your other possessions. For example, maybe you have a baseball card collection or a collection of signed...
3 steps to obtaining a QDRO
Going through a divorce opens up many questions about how you and your spouse will adjust financially to your newly single status. Marriage is more than just a union of two lives—it is also a joining of finances, and as such, the separation can get messy. A qualified...
Items that cannot be included in a prenuptial agreement
Putting together a prenuptial agreement prior to your marriage in Oneida, New York, can do wonders for your stress levels. If you enter a marriage with a variety of assets, such as real estate, a high income and jewelry, you should absolutely sign a prenup to protect...
