What people are most concerned about the divorce process is how assets will be divided after calculating its net worth. However, many seem to forget that debts are also accrued during the marriage as well, and are also factored into…
Divorce can take a long time to conclude. In New York, the waiting period for a divorce can take a whole year. And so, it is not outside the realm of possibility that one spouse may die before the divorce…
Retirement and pension funds/plans are one of the many assets that can be split between spouses as part of a property division in a divorce. A qualified domestic relations order (QDRO), is entered during the divorce, which recognizes that there…
Spouses often target gifts and inheritance during the divorce proceedings. Most of these are assets that they have a vested interested in. Gifts can be categorized differently, for instance, there are gifts given between spouses, and these are often treated…
Financial decisions are an essential component of the divorce process on both sides. These include how any assets, estates, bank accounts/funds that may have been attained during the marriage, or any other financial possessions that one or both parties have…
Planning and going through a divorce is extremely difficult, on both emotional and financial level; and with all the legal components of getting a divorce, a qualified attorney is retained 99.9% of the time. Not only is it important to…
After the divorce process is over, yours and your children’s life will change. Your life has to go on. Your kids will grow older, jobs (and their salary) change and divorce agreements that worked in the past are now obsolete….
When a married couple decided to get divorced, the judge will consider, and most often award spousal support otherwise known as “alimony,” to one of them. This will be decided either before the trial, where the two parties can make…
Contrary to what many of us see in movies, or read about in papers and books, not all divorces are long, drawn out battles that go on in front of a judge, with the spouses dueling it out via lawyers…
It is a common belief that even if a marriage is falling apart, or is already in shambles, it is better to just deal with the situation and keep the family intact instead of separating and getting divorced. Now, besides…