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December 2016 Archives

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.

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