Even uncontested and amicable divorces are a major drain on the finances, and if tax problems arise in the aftermath, yours could cost you even after the order is issued. Below are some potential [...]
Divorce can be expensive, but when you have a substantial number of assets at stake, it’s normal to be worried about more than just the cost. Depending on each spouse’s financial circumstances, [...]
If your divorce is high-conflict and your spouse intends to gain the upper hand when it comes to child custody and support, spousal maintenance, and other contentious matters, then you want to [...]
The law states that when spouses transfer property to each other during a divorce, the process is practically tax-free. This is one of the few instances where taxes don’t come into play, however. [...]
It is technically possible to modify a divorce order if your circumstances or those of your ex-spouse or children change after it has been issued. Reasons for seeking a modification include: A [...]
When a couple divorces, their marital debts are subject to equitable division in much the same way as their assets. Examples of such debts may include: Credit card balances Mortgages Automobile [...]
Like assets, marital debt must be fairly divided upon divorce. Common types of marital debt include (but are not limited to): Mortgages Automobile loans Joint credit cards Personal loans These [...]
Maintenance, which is also known as spousal support or alimony, is financial support provided to one spouse by the other. The New York State Family Court can order temporary maintenance, [...]
When a couple decides to separate, it’s not as simple as occupying different addresses. Such an arrangement changes where you get your mail, but nothing more. You’re still married, so any assets [...]