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Posts tagged "divorce"

Having a mortgage can complicate divorce property division

Nearly half of marital unions in the United States, including in New York, end in divorce, and unfortunately, no divorce is without its challenges. A major area that can spark conflict during a marital breakup is debt and property division. When it comes to debt, a couple may especially be at odds regarding how to handle the marital home when a mortgage is still on it.

One's chances of divorce may be tied more to nature than nurture

A recent university study indicated that a person's chances of getting divorced in New York or elsewhere may not be tied solely to his or her environment during childhood. Rather, genetics may have a lot to do with his or her inclination to get a divorce. The results of the study were published in a psychological journal in January of this year.

Gray divorce poses financial challenges

Even the most strategically created retirement plans in New York can end up being derailed by the dissolution of a marriage. This can happen to individuals of all ages, but it is particularly true for those who decide to go through a gray divorce -- a divorce that takes place close to retirement. These individuals find themselves lacking the time needed to restore their finances following their marital breakups.

Selling home during divorce may be challenging

A real estate transaction in New York is about more than just money. For the majority of those selling or purchasing a house, the experience is quite emotional. Property sales may become even more challenging when divorce emotions are added into the mix. A few tips may help those going through divorce to handle their property sales effectively.

Divorce steps can help with protecting financial interests

Going through the dissolution of a marriage in New York is difficult whether one is 22 or 62. After all, the divorce process involves untangling two lives that have become deeply intertwined both emotionally and financially. A couple of tips may help those going through divorce to protect their best interests from a financial standpoint.  

Negotiating divorce settlement does not have to be complicated

Ending a marriage in New York can be an emotionally draining process, just as it can be financially draining. This is particularly true in a divorce situation where the two spouses cannot see eye to eye on how to handle matters such as asset distribution, child support and child custody. However, a couple of tips may be helpful for working toward a settlement agreement with a soon-to-be former spouse.

A business can complicate divorce proceedings

Getting divorced can be financially challenging for any couple in New York. However, divorce can be particularly confusing for spouses where one or both own a business. The value of the business as well as the business's cash flow that can be spent are a couple of the most frequently fought about matters during such a divorce.

Divorce can impact children long term

The dissolution of a marriage in New York can understandably be hard for two adults to process emotionally. Thus, it may come as no surprise that children may have an even harder time navigating the emotional aspect of divorce. However, parents can try to minimize the negative effects that children experience by being careful how they conduct themselves during the divorce proceeding.

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.

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