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New York Family Law Blog

Divorce complicated by cryptocurrency

During the marital dissolution process, it is natural for spouses to fight over their money. For this reason, it may not come as a surprise that cryptocurrency, such as bitcoin, may quickly become a point of contention during divorce in New York. This is particularly the case with cryptocurrency surging in popularity during the past couple of years.

Cryptocurrency has existed for about 10 years now, but it entered the mainstream in 2017 when the price of bitcoin skyrocketed to $20,000 a coin. It has since lost much of this increase in value. In 2018, just 5 percent of people in the United States had cryptocurrency. However, a recent survey revealed that an extra 21 percent of people said they would be interested in purchasing this type of currency.

Divorce after age 50 can impact retirement

People who are engaged in New York usually imagine themselves getting married and then staying that way till death do they part. The reality is that, sometimes, divorce cannot be avoided. In fact, in some situations, spouses end up breaking up when they are near their golden years. Here is a glimpse at what people can do to protect themselves financially if they decide to get divorced over the age of 50.

First, older individuals going through the divorce process may benefit from conducting cash-flow analyses right away. These analyses will show them how much money they will be bringing in every month, following the divorce versus before the divorce. With this information, they can effectively determine if they should trim their expenses and/or increase their earnings to stay in the positive financially, after getting divorced.

Divorce can be tougher with a narcissist

Getting divorced can understandably be challenging even in the most amicable of situations. However, the process can be that much harder for those whose spouses have narcissistic personalities. Here are a couple of tips for those going through the divorce process with narcissists in New York.

First, gathering important papers early in the divorce process is critical. These papers include passports, the marriage license, a future ex-spouse's records related to work and taxes, bill copies, birth certificates, checkbooks, and a prenuptial agreement if one was created prior to the wedding day. Securing these documents right away is wise because once a person who is married to a narcissist files for divorce, the narcissistic future ex-spouse may not grant him or her access to these papers.

Inadequate counseling, religious conflict contribute to divorce

According to researchers, fewer people are getting divorced today than in years past in New York and other parts of the United States. Still, divorce is unavoidable in many circumstances and for various reasons. Based on recent research, two common reasons for divorce today are the absence of quality premarital counseling and differences in belief systems.

These two factors apparently play a role in around 13 percent of today's divorces. Regarding premarital counseling in particular, survey participants acknowledged that premarital counseling does not provide all of the education that couples need to make a marriage work. For instance, although counseling sessions usually provide education on communication as well as resolving conflict, they do not cover the different phases of a marital union that couples can expect to go through over time.

Who gets the pets in a New York divorce?

Divorces can be an extremely difficult time. However, things can become ever more complicated when pets are involved.

Animals can play an important role in a family’s life. It is not uncommon for a couple to engage in a dispute over who has custody of the pet. However, New York’s laws can be vague when it comes to determining pet custody and visitation after a divorce.

Affluent couple's divorce can be trickier than regular divorce

Ending a marriage can understandably be a nerve-wracking process, whether two spouses are affluent or earn a modest living. However, a person with high-value assets in New York clearly has more to lose if the outcome of the divorce is not in his or her favor. Here is a glimpse at a couple of things that make high-asset divorces different from regular divorces.

For starters, the kinds of assets that a couple must divide usually differ between an affluent couple's and an ordinary couple's divorce. For instance, the wealth of many affluent people is in stocks rather than cash. Part of the reason for this is that receiving lucrative stock options at quickly growing companies is becoming increasingly popular.

Three tips for overcoming the difficulties of grey divorce

Divorce is becoming an appealing option for many adults over age 50, who realize they are unhappy in their marriages. The rate of grey divorce, a popular term for a divorce involving a couple age 50 or older, has roughly doubled since the 1990s. The U.S. News and World Report speculated that this may be due to the longer lifespans people are now experiencing. It is only logical people would not want to spend that additional time in an unhappy situation.

However, grey divorce can have some unintended consequences on the financial situation and social life of divorcees. If you are going through a grey divorce, there are some actions you can consider taking to minimize or overcome some of those difficulties.

Tips may make divorce more amicable in new year

Some couples in New York may be contemplating getting divorced in the new year. Still, even if a couple chooses to go through divorce, the process does not necessarily have to be hostile. A couple of tips may help a divorcing couple to make their marital breakup as amicable as possible.

First, the two parties will likely be better off trying to work together versus seeking revenue because revenge generally is not important to divorce courts. Sometimes spouses who have been cheated on might submit pictures in court that show that the other party cheated. They might even use private investigators to help them to put together evidence. Still, courts likely will not care about these details unless the cheating spouses damaged the family finances by spending a great deal of money on their affairs.

Misuse of Domestic Violence Orders | NYC Divorce Attorney

Domestic violence is a serious issue, and something which should not be taken lightly in child custody hearings. However, the mere accusation of domestic violence should not be enough to ruin someone's life. In the interest of fathers' rights, it is important that custody cases in which domestic violence has been alleged but not proven are treated fairly, and not used as grandstanding attempts by one party to receive sole custody of a child.

Parent Alienation

Divorce is hard no matter what, especially when there are children involved. Negotiating custody, visitation, and support can be a timely and emotional process, which is why it's key that both parties involved put the best interests of their children before everything else. But what happens when someone actually tries to poison their children against their former partner?

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