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Posts tagged "Divorce"

Financial preparation for future an important focus in divorce

Dissolving a marriage in New York can be hassle at any age and no matter how long a marriage lasted. However, it can be particularly unsettling for those nearing retirement. A few tips might help those going through divorce to prepare for the future financially as effectively as possible.

What not to do during a divorce proceeding

Walking down the aisle in New York is typically easier than walking away from a spouse due to differences that cannot be reconciled. Unfortunately, sometimes divorce cannot be avoided. A few tips may help with avoiding divorce-related mistakes that can cause major issues for oneself down the road.

Collaborative divorce has its advantages

The process of getting divorced in New York can understandably cause anxious feelings and even ill will. However, divorce does not always have to be an entirely negative experience. Thanks to collaborative divorce, a married couple can navigate a marital split-up without having to experience the type of hostility often associated with going to divorce trial.

Tightly intertwined finances can make divorce challenging

Getting divorced is oftentimes a challenging process due to the emotional toll it can take on a person. In addition, a few financial mistakes during a divorce proceeding can cause a newly divorced spouse to be in much worse shape than anticipated. The more tightly two spouses' finances are intertwined in New York, the more important it is to pay close attention to the process of untangling them.

Annulment is not the same as divorce

One question couples in New York face when they are thinking about ending their marriage is whether to get an annulment or to actually get divorced. Choosing one or the other is relatively simple, involving placing a checkmark beside either one on a petition. However, the two legal processes of annulment and divorce are quite different.

The family home may not be worth keeping after divorce

One of the most painful parts of dissolving a marriage is determining how to handle the family home. After all, the marital home usually sparks many positive memories for a couple. A few tips may help with addressing both of these areas during a divorce proceeding in New York.

Millennials more likely to have prenuptial agreements today

An increasing number of millennials in New York are putting off marriage until they get older -- the opposite of what previous generations did. As a result of this, millennials usually have more property, businesses or careers by the time they are ready to get married. This is why putting together prenuptial agreements is becoming more common today.

Unanticipated costs may catch spouses off guard during divorce

If two spouses are having a hard time getting along, then getting divorced may not be a bad idea. This is true despite how heartbreaking, taxing and stressful divorce can be. Being prepared for often unexpected costs can make the divorce process a bit easier to manage in New York.

Deception on part of spouse can be costly during divorce

During a marital breakup in New York, spouses sometimes find out that the other party has been hiding property or reporting less income than was actually learned. In every divorce proceeding, each spouse is legally obligated to disclose any and all expenses, debt, assets and income. Unfortunately, some divorcing parties try to steal, lie or cheat in an effort to keep more assets for themselves.

Knowing finances an important part of divorce

The process of dissolving a marriage in New York is not just an emotionally challenging experience -- it can be a financially difficult one too. A U. S. Government Accountability Office report from 2012 indicated that divorce can lead to more than a 40 percent decrease in income for females. Meanwhile, this drop is more than 20 percent for men.

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