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Breaking Up Is Hard to Do

New York Family Law Blog

What are some signs of financial infidelity?

If you have a spouse who hides assets, spends money in secret and lies about it then he or she committed financial infidelity. This is especially problematic for couples with combined finances as one spouse can unknowingly be suffering from their partner’s financial mistakes for potentially months or years and may not figure it out until it is too late.

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Dividing business interests in a divorce can be a complex process

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 equal.

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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 challenges.

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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 attention to a couple’s private affairs.

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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, cost can be a big concern. Some divorces can cost thousands of dollars in both time and treasure to complete.

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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 years, it brings up a new set of challenges that do not happen when younger couples divorce.

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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 mistakes.

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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 marriage. During the negotiations process, both parties must account for all marital property.

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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 personal life becomes amplified, an individual may find that his or her on-the-job performance might be less than normal. 

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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 the marriage ends, whether due to death or divorce. It does not eliminate the possibility of conflict, but it can reduce it substantially and offer multiple benefits.

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