One of the hardest parts of getting divorced in New York is dealing with the financial impact of this major life event. This is the reason it is important for people who are about to go through divorce to closely examine their monetary situations. Important areas to focus on include income, debt and expenses.
Dissolving a marriage can be a confusing ordeal on multiple levels in New York. First, divorcing individuals must confront the emotional challenges that come with divorce. Second, they must make a number of financial decisions when ending a marriage. Fortunately, they can feel in control of their marital breakup situations by making a couple of important moves early on.
When people get divorced in New York, they might understandably be concerned about being able to stay afloat financially going forward. The spouse who was not the primary breadwinner may especially be concerned about this during divorce. Some tips, though, might help the lower-earning spouse to successfully negotiate alimony with his or her spouse.
Those getting divorced in New York may try to avoid mixing their personal challenges and their working lives. The truth is, though, that keeping these two worlds apart can prove challenging. For instance, an urgent divorce decision may need to be made in the middle of a busy workday. Still, a couple of tips might help divorcing individuals to prevent their breakups from negatively impacting their careers.
Spousal support is often a major sticking point during the dissolution of a marriage. However, it is often not determined till later on in a couple's divorce proceeding. Here is a glimpse at how spousal support is handled during a divorce proceeding in New York.
When couples in New York get married, they naturally expect to be in it for the long haul. Sometimes, though, marital conflict may drive one or both partners to seek divorce. Fortunately, individuals who are embarking on the divorce process can take steps to reduce their stress levels during this type of family law proceeding.
Married couples in New York choose to break up for various reasons. Still, the reason behind many marital breakups is that one spouse loses trust in the other one. In this situation, one spouse could have easily been concealing assets with the hope that the other party would not find them. This is why it is so important for a divorcing individual to verify that each marital asset is uncovered as he or she navigates the divorce process.
When young couples in New York marry, they usually expect their marriages to last decades. As a result, they might not see the need to create prenuptial agreements. However, prenuptial agreements may be particularly important for people to draft if they are marrying -- or remarrying -- near their golden years.
A number of people in New York get married with the hopes of staying that way. However, the truth is, marriages do not always last due to irreconcilable differences, among other problems. Here is a look at what age many people who are currently married may end up going through divorce.
When people in New York decide to get divorced, they may understandably feel overwhelmed by the financial aspect of the process. Unfortunately, making some critical financial mistakes during a divorce proceeding can have long-term repercussions. Here are a couple of the most common errors, along with some tips about how to avoid them.