New York Family Law Blog

If you are preparing a postnuptial agreement or you wonder whether an existing agreement is enforceable, it is vital to go over the validity of the agreement. Postnuptial agreements carry various benefits and help many married couples ease their concerns. However, some people are able to challenge these agreements, rendering them invalid.

There are several financial elements of a divorce that you may not be able to avoid, like filing fees and refinancing your mortgage. However, the behavior of the spouses themselves can also have a tremendous impact on how much a divorce can ultimately cost.

In many cases, people can make serious errors during the process that ramp up the cost of divorce.

If you are approaching a divorce and you have a high net worth, there are various facets of ending your marriage you need to consider. From custody to financial matters, the way in which you approach this process will have a significant impact on your future. Moreover, you need to make sure you familiarize yourself with various financial topics that arise due to divorce, such as filling out a Statement of Net Worth form.

In divorce, it isn’t always easy to determine beforehand how property will be divided up. One of the reasons for this is that states have different rules regarding division. In addition, general rules pertaining to property division often have exceptions that can apply depending on the circumstances. Take property received by inheritance, for example.

Splitting assets is hard enough during divorce. When it comes to retirement accounts like IRAs and 401(k)s, the problem becomes even more complex. Unlike other assets, special considerations must be made. There are a few methods to divide retirement accounts during a divorce. The following strategies are effective for many couples, and they might also be right for you.

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.

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.

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.