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,...
Breaking Up Is Hard To Do
New York Family Law Blog
Do investments matter when choosing a power of attorney?
While planning your estate and deciding on a power of attorney, did you account for your investments? Having a financial POA is undoubtedly essential, but careful planning is especially vital when you have investments to think about. To help you make a favorable...
Divorce and your estate plan
If you are approaching or in the midst of a divorce, you know how hard it can be to figure out how to split assets with your spouse. At this time, it is essential that you seek a divorce agreement that protects your financial future and the financial future of your...
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...
Can spouses revoke a prenuptial agreement after marriage?
Prenuptial agreements help couples determine what will happen to the parties' assets in the event of a divorce or a spouse's death. According to an article in Business Insider, there is an increase in the number of prenup agreement requests among Millennials....
Custody and visitation rights for same-sex couples during divorce
If you are a same-sex couple going through a divorce with children, you may have questions about who has custody or visitation rights. The fear that you may not be able to see your children as a nonbiological parent is a real concern that many same-sex couples deal...
Limiting estate tax liability
Estate planning experts in New York will confirm that one of the main goals of the estate planning process is to ensure that people are able to leave as much to their beneficiaries as is possible. That includes taking advantage of those opportunities to limit...
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...
Do you need a postnuptial agreement?
In New York, prenuptial agreements between spouses are common. This is a great way to protect your assets and wealth. However, postnuptial agreements may also be an option for you. A postnuptial agreement, as explained by FindLaw, differs from a prenuptial agreement...
Postnuptial agreements and spousal debt
A New York resident seeking to get married probably does not want to marry the debt carried by a new partner. Some people worry that if they divorce a spouse with debt, they will be on the hook for some of that debt as well. Still, in the event a person does marry a...