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New York Family Law Blog

Tips can help with tackling emotional challenges of divorce

Getting divorced certainly presents financial challenges no matter what two spouses' income levels may be. However, the divorce process can also be difficult to handle on an emotional level. Here's a rundown on how individuals who are going through divorce can overcome the emotional challenges associated with process in New York.

For starters, it is paramount that those going through marital dissolution accept the fact that they are ending their marriages. Once they recognize this, they can focus fully on protecting their best interests as they work to finalize their divorces. Another smart move during divorce is to consult with a professional such as a therapist or even a life coach. These experts can help with processing the emotions brought about by divorce.

Sharing child custody can be a seamless process

Navigating divorce is no easy feat in New York, particularly when young children are involved. Why? Because the parents might initially agree with the idea of sharing custody of their children but may later find themselves at odds regarding the children's upbringing. Fortunately, some steps may make for a smoother joint child custody experience in the long term.

First, showing one another respect is a must for joint custody to work. If the parties bash each other and share their negative opinions of the other with the children, this can drive a wedge between the parents as well as between the parents and the children. The more respectful the two parties are, the less likely they are to have conflict.

Prenups may protect business owners in the event of divorce

A marital breakup can easily dismantle a person's finances in New York. Unfortunately, that also means that the business that he or she worked so hard to build can be negatively impacted by divorce. For this reason, it is a wise idea for business owners to create prenuptial agreements prior to walking down the aisle.

Research shows that more engaged couples have created prenups in past years to protect their financial interests long-term. Prenuptial agreements, or prenups, are contracts that spell out what two soon-to-be spouses' separate assets are before they are married. If they happen to get divorced in the future, they will not have to worry about splitting this separate property. In addition, they can include in their prenups how they would like to address their debts if they happen to break up.

A gray divorce and your financial future

A divorce is difficult and complicated at any stage of life, but it can be especially complicated when a person is approaching retirement age. There are many complex financial factors to address, especially when one or both parties plan on not working at some point in the near future. Without careful planning and a fair divorce order, a gray divorce, which is a divorce involving two people age 50 or up, can be devastating.

If you are heading for a gray divorce, you may be wondering what you can do to secure your financial future. You will want to be intentional about seeking terms that allow you to have stability into your golden years. There is a lot on the line for you and your long-term interests, but you do not have to walk through this difficult process alone.

Some common reasons couples head for divorce

Marriages end for many different reasons. But New York couples who find themselves headed for divorce may find they have some things in common with each other when walking down the path toward ending their marriages. Experts suggest that there are some common reasons couples end up divorcing. If these issues aren't rectified, they can fester and ultimately partners may find themselves discussing separation or divorce. 

It seems that infidelity is a leading cause of divorce as is a lack of communication. Extramarital affairs lead the way in the cause of divorce, but when a couple doesn't communicate openly about the issues they may be having, it may cause one or both to stray in a marriage. If couples are faithful to each other, but are having financial difficulties, their relationship may be strained and that could ultimately lead to the parting of ways. 

Mediation offers multiple benefits during divorce

Navigating the dissolution of a marriage can seem like a harrowing process. In addition to dealing with the division of marital property, two spouses who are getting a divorce must tackle complex matters like alimony and, if there are kids involved, custody and child support. Fortunately, these issues can potentially be resolved without the parties ever having to step foot in a New York courtroom.

More people who are getting divorced are turning to an approach referred to as alternative dispute resolution (ADR) instead of litigating the issues in court. ADR, such as mediation or a collaborative divorce, is in demand today because it is typically more flexible than litigation. It is also less expensive and usually saves time.

Sandra Spennato - Partner Announcement

Peter L. Cedeno & Associates, P.C. is proud to announce that Sandra Spennato has been named partner at our law firm. Ms. Spennato tirelessly advocates for her clients in a wide range of family law and divorce issues. She is compassionate and hardworking, as she provides experienced guidance to her clients who face tough family issues. 

Divorce preparation may make process smoother

The process of getting divorced is difficult. In addition to dealing with the financial aspect of the proceedings, child custody, parenting time and child support are often high priority concerns. Regardless, being prepared for the ins and outs of divorce in New York may make the process easier to handle from start to finish.

First, being financially prepared is vital. For this reason, a person who plans to get a divorce may want to study his or her current financial situation by looking at current financial documents. Having a firm grasp of the household finances early on will make it easier to negotiate a fair and binding settlement.

Financial preparation may make divorce process easier

Ending a marriage can no doubt be a complicated ordeal in New York. Although divorce can be hard to process emotionally, the financial aspect of divorce can also be a source of confusion and stress. However, taking steps to understand one's financial situation before filing for divorce may help to make the divorce process easier.

For starters, it is a good idea to retrieve several types of documents to gather essential financial information. These documents include statements for bank accounts and credit cards. They also include statements regarding retirement and investment savings as well as bill statements. Likewise, a previous tax return may provide helpful financial data. This information can show a divorcing spouse what his or her current liabilities and assets are.

Should I secure a new financial adviser during divorce?

Financial advisers are essential when it comes to managing and maintaining wealth. However, even if you spent years developing a personal relationship with your adviser, it might be time to move on. You and your soon-to-be ex-spouse have your own financial needs, priorities and wishes. Using the same financial adviser during divorce can compromise your current and future financial security.

You might feel resistant to making a serious change during a period of adjustment, such as divorce. If this is the case, consider your final goal. You probably want a clean emotional and financial break from your spouse. Sharing professional advisers, including those for financial purposes, does not support that clean break and can even hinder your future success.

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