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April 2017 Archives

Financial strategies during separtion to consider before divorce

For many couples in Long Island who are considering ending their marriages, the first step may be a trial separation. Regardless of whether it ends in divorce or not, a physical separation often gives each spouse the time to consider what a divorce would mean and whether it is the right decision. While a separation tends to be an emotional time, it still allows an individual an important opportunity to take the steps necessary for ensuring that his or her personal financial situation is well-handled.

Asset and property division considerations in New York divorces

Statistically, the month of March brings with it a peak in the number of divorces that occur annually. Researchers theorize this is at least partially due to the holiday season and its accompanying stresses, ultimately culminating in formal divorce proceedings several months later. Regardless of the cause, these statistics mostly mean that this is a time many residents of New York will be facing the emotional stresses and financial issues that accompany divorce, from determining property division to understanding how the end of their marriage may affect retirement savings.

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