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,...
Year: 2017
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...
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...
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...
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...
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...
Divorce statistics may not be what they seem
Many New York residents likely hope to find a love that lasts a lifetime. However, they may feel somewhat skeptical about their chances due to often hearing that 50 percent of marriages end in divorce. Luckily, that statistic may not have as much weight today as it...
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...
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...
Ending long-term marriages may bring unique divorce legal issues
At a time when splitting up has grown less common among younger generations, the opposite is proving true for the age group commonly referred to as baby boomers. In fact, among individuals over the age of 50, the rate of divorce has essentially doubled since the 90s....

