Deciding to end your marriage is certainly never easy, but many New York residents have no other options. The divorce process is lengthy, and most experts agree that preparation is a good idea. If you decide to end your marriage, consider some of these steps. Gather...
Divorce
Divorce at a later age requires intense financial preparation
Older adults who end their New York marriages face a complex financial landscape. They tend to share many assets and savings with their spouses that will require splitting. You will have to rework your retirement plan because the divorce may cut your retirement...
Splitting home value in New York divorce
New York divorce courts use the equitable distribution model when dividing marital property upon divorce. This split can be 90/10, 65/35 or 50/50, depending on the circumstances. Valuing the house The first step the divorce court will take will be to determine the...
Dealing with art collections during a divorce
As a New York resident, you may have a significant art collection, and an art collection of that nature can often times be both a major part of your life and a valuable group of assets. And during a divorce, an art collection will be under the microscope. Safeguarding...
What are your options for a New York divorce?
If you and your spouse have decided it’s time for you to get a divorce, you have options. What you choose depends on your situation and the circumstances of your split. These are your legal options for divorce. Traditional divorce A traditional divorce means that you...
Best ways to have a child-centered divorce
New York couples who choose to end their marriage often wind up in long court battles. If children are involved, this can create a lot of tension and anxiety within the family dynamic. Although married couples might disagree and have contention between them during...
Potential financial challenges of gray divorce
Divorce is a challenging and emotional enough experience without the concerns that can make it even worse for older couples. Gray divorce, the term used for couples who divorce later in life, can have significant financial consequences for New York couples. Splitting...
Here’s why many couples divorce after two decades in New York
After 20 years of marriage, many couples think they have it all figured out. They know each other's likes and dislikes, and they have a solid routine that works well for them. However, sometimes even the strongest marriages can fall apart after two decades, and there...
Steps to take when preparing to file for divorce
Deciding you want a divorce isn’t easy for any New York resident. Although you might want things to be over as quickly as possible, you should never rush the process. Take these steps when preparing to file. Gather financial documents Gather all of your individual and...
Don’t forget about your pension in the divorce
The end of a marriage doesn't have to compromise your retirement. But if your pension is left vulnerable in a Virginia divorce, the financial impacts may be far-reaching and long-lasting. Fortunately, there are some simple steps you can take to make sure your assets...