As a business owner on the cusp of divorce, determining how the entity figures into the settlement could cause more contention than all other assets combined. New York is an equitable division state, which typically means the property split, while fair, is rarely...
Breaking Up Is Hard To Do
Divorce
How your second marriage can benefit from a prenuptial agreement
The financial stakes in a second or subsequent marriage are often high because you have accumulated significant assets and possibly have children from a previous relationship. While getting remarried offers a fresh start in many ways, it may also have additional...
Online and text message content may influence a divorce
Some people would prefer to keep their divorce confidential, but they do not have control over what a soon-to-be ex-spouse posts online. While false statements about an individual could result in a defamation suit, negative content in general may draw unwanted...
What is collaborative divorce?
The word divorce often conjures up images of courtroom battles. There is no doubt that divorce can end up being a very bitter legal process in some cases. However, there are multiple ways to go through divorce. Particularly for those looking at a high asset divorce,...
What challenges might we face dividing assets in a gray divorce?
Gray divorce is something that used to be quite rare. Couples usually avoided getting a divorce once they reached their senior years, but in today’s world, divorce for the older generation is not something to avoid anymore. As couples end marriages lasting 30 or more...
Untangling tax issues after divorce
Untangling tax issues after divorce If you separated from your marital partner or divorced your spouse in 2019, you probably have questions about how this could affect your tax filing. As the first quarter of 2020 arrives, careful planning can help you avoid costly...
Including all marital property in a divorce settlement
When you file for divorce in New York, there are a myriad of issues to negotiate in your final settlement. Property division may be one of the most difficult topics to tackle, as people become attached to the possessions they have accumulated throughout years of...
Consider work performance when planning for a divorce
High-net-worth individuals contemplating a New York divorce should consider how their work performance might be affected during what could possibly become an emotionally charged event. The process is generally somewhat stressful at least, and if the pressure in one’s...
A prenuptial agreement can make divorce less stressful
You may not want to talk about a prenuptial agreement with your future spouse. It is understandable that it may be a difficult conversation with someone you love. However, a properly written prenuptial agreement can spare both parties emotional pain and stress when...
When stress from high-asset divorce leads to other problems
When a marriage is brought to a close, the experience can be challenging for people from the start of the divorce process until the end. It can be emotionally draining, lead to high levels of stress, and this stress can carry over into other relationships also. For...