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...
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Property And Asset Division
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...
Do not let your divorce ruin your retirement
Divorce not only impacts your heart but also your wallet. The financial consequences of ending your marriage may be especially problematic if you are having a late-life divorce. If you are not careful, your divorce settlement may derail your retirement plans....
Challenges facing same-sex couples in New York
Same-sex marriage has been increasing not only in New York but also across the country ever since it was legalized by a Supreme Court ruling. With that being said, same-sex divorces have also been increasing. There are some hurdles that same-sex couples face in the...
Money management tips for separated couples
Finding out that your spouse wants to separate from you is never easy. Even if your marriage has taken a bad turn lately, you are just never prepared for something like this. Separation doesn't always lead to divorce, but it very likely could be the start of the...
