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Posts tagged "Divorce"

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.

The differences between an annulment and a divorce

Some New York couples who are ending their marriages might qualify for an annulment and not even realize it. In short, a valid marriage is dissolved by a divorce, while an invalid one is erased by an annulment. An annulment basically makes the marriage contract null and void. Therefore, a marriage that has been declared invalid never existed legally, so neither party can rightfully say he or she was formerly married or has an ex-spouse.

Can a divorce settlement protect against future credior claims?

Choosing to end one's marriage is a difficult decision with which comes the challenging task of strategically separating assets. How assets are ultimately divided in a divorce can have a major impact on one's financial future. Some divorcing couples in New York and elsewhere may believe that the party to whom property is granted will be held solely responsible for that asset moving forward -- such as a shared mortgage. Unfortunately, this is not necessarily the case.

When to consider getting a lawyer in a New York divorce

To some New York residents, the very word divorce can bring to mind high drama and stories that would make any war stories of their grandparents pale in comparison. Others may think of people whose divorces were, comparably, quite simple. Whether a divorce is more or perhaps a bit less complicated depends on several factors, including the personalities of the parties involved, what's at stake and how much each party relies on attorneys and the court to solve their problems.

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