Jump to Navigation
FREE INITIAL CONSULTATIONS CALL US TODAY 631-615-1758
Call Us Today: 631-615-1758

Posts tagged "Divorce"

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.

Health savings accounts must be addressed during divorce

Health savings accounts may seem as though they have been around forever. The reality is that they have been in existence in the United States for only 13 years. As a result, those who are going through divorce in New York may understandably not know how to deal with them during the process of property division.

Divorce aspects may impact financial lives of New York residents

Dealing with money problems under any circumstances can prove stressful. When New York residents go through divorce, they may find that their finances have taken much harder hits than they were expecting. As a result, they may begin looking for ways to get their financial affairs back on track while continuing to provide for themselves and their families.

Prenuptial agreements may be of use to New York business owners

Some New York residents may wait until they have reached a successful career point before getting married. However, after obtaining a certain amount of wealth or seeing their businesses reach a milestone, individuals may feel concerned that they could potentially lose some of their hard-earned wealth in the event of divorce. Luckily, prenuptial agreements could help protect those assets. 

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.

[an error occurred while processing this directive]

Contact Us

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
FindLaw Network Subscribe to this blog's feed
Contact

Judd & Moss, P.C.
3505 Veterans Memorial Hwy, Suite S2
Ronkonkoma, NY 11779
Phone: 631-615-1758
Fax: 631-981-9004
Map and Directions

Privacy Policy | Business Development Solutions by FindLaw, part of Thomson Reuters.