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Posts tagged "Divorce"

Legal advice can help safeguard against common divorce mistakes

In New York and across the nation, one thing tends to hold true:  people love to give advice. When it comes to divorce, though, the problem is that while each well-meaning individual has facts to swear by, many of these turn out to be false. Even worse, quite a few of the most common mistaken divorce beliefs are not only incorrect, but potentially dangerous, at least in a financial sense.

Some financial tips when considering a divorce in New York

Whether it is due to extra stress around the holidays or simply wanting to start the new year off with a clean slate, more individuals file for divorce in January than at any other time during the year. However, while divorce can mean a new start, it is not something to rush through, as there are a lot of financial aspects to consider. When a resident of New York decides that he or she is ready to legally separate from a spouse, there are a few financial issues it can be beneficial to remember.

Why New York couples considering divorce might not want to wait

Common practice holds that most couples wait until after the holidays to seek to end their marriages. In fact, this occurs so frequently that the Monday after the holidays has earned the nickname "Divorce Day" in legal circles. This makes a certain amount of sense, as many people don't want to do something they fear might ruin the holidays for their families. However, there are a few reasons why someone in New York considering legal separation might want to go ahead and take the first step now.

Divorce in New York can affect retirement savings

With divorce becoming more common and people living longer, the incidence of late-life divorce is on the rise. Along with it comes an often unforeseen casualty: retirement savings. If New York couples are like most, they plan and save for retirement with the supposition that they will be spending it together. When divorce means that is no longer the case, even the best financial planning can be spoiled.

Financial issues to consider in New York before divorce

Often, when emotions are running high and one spouse is considering separation, it's tempting for that spouse to simply get up and walk out the door. However, before leaving, an individual considering divorce usually benefits from first securing his or her financial situation. An experienced New York family law attorney would be able to offer detailed guidance and insight throughout the divorce proceedings, but there are a few general economic guidelines worth considering.

New York millenials seeking prenuptial agreements on the rise

For millennial couples in New York and all over the country, there's a new marriage trend. Prenuptial agreements are on the rise nationwide, but for this generation, it's not just about the cash. Whereas in the past, prenups generally covered the protection of inherited money or focused on alimony, attorneys have seen a marked increase in millennial couples wanting to protect their ideas.

Couple decides on divorce, but not ownership of Cubs tickets

Although some couples remain amicable when they decide to end their marriages, the whole experience remains an unpleasant experience for many. Most New York residents would probably prefer to get it over and done with so that they may move forward and build a new future. However, sometimes there are elements of the divorce that end up dragging out the arduous process.

Preventing financial ruin when getting a divorce

Celebrities aren't the only ones getting divorced these days. Many New York residents go through the divorce process every year, dividing their assets and arranging for custodial arrangements when children are involved. Although each divorce is unique, what follows are several tips that may help to improve the odds of divorcing individuals coming out of the process on relatively stable ground financially.

New study concludes divorce may be seasonal occurrence

Couples can choose to end their marriages at any time of year. However, according to a new study, the amount of people filing for divorce peaks two times per year -- in March and August. The study, which occurred outside of New York state, took place over the course of 14 years. 

Elements of a divorce: when a settlement agreement makes sense

Divorces in and of themselves can be challenging enough for all involved. The thought of having to go through a trial may be more than some New York residents going through a divorce can bear to even consider. For these individuals, out-of-court settlements may be a better way to go.

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