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Divorce Archives

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.

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.

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.

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.

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.

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.

Requesting Temporary Exclusive Use of the Marital Home

When one spouse files for divorce, it often inspires a stressful-and sometimes even hostile-household environment. To resolve this issue, both spouses can work with their individual legal representatives to petition the court for temporary possession of the family home. Unfortunately, New York courts usually only grant temporary occupancy to a single spouse if there is significant proof of "domestic strife." Because some degree of conflict is expected during a divorce, the court is often hesitant to award a single person possession of the marital home unless the other spouse has an alternative residence available. After all, it's difficult to order one spouse to suffer financial difficulties because they have to rent or buy new property.

What Happens to a Timeshare During Divorce?

New York Is an Equitable Distribution State

Equitable distribution is legal principle that refers to division property and finances based on the relative needs and contributions of both spouses. This means when couples in New York get divorced, state courts attempt to divide assets as fairly as possible, which rarely means a 50/50 split, though equal distribution is still possible in some cases. Among other forms of property, the equitable distribution principle applies to real estate and timeshares.

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