Three Common Ways to Handle a House in a Divorce
Your home is likely to be your largest, most valuable asset, which makes it a significant subject of conversation in divorce negotiations. When deciding what you will do with the home, you essentially have three options. Option one: Selling the house If neither of you can afford the home yourselves, or neither of you wishes… Read More »
Tips for Negotiating Asset Distribution in Your Divorce
It can be difficult for you to fully grasp the financial implications of your divorce, specifically with regard to your asset distribution negotiations. This is why it’s so important to work with an attorney, who can help you see the whole picture. Here are a few tips to help you get a better grasp on… Read More »
What to Keep in Mind About Child Support During Your Divorce Process
Divorce can be a complicated and emotional process, especially if you have children. You will need to navigate some important issues, ranging from asset division to child support. Calculating child support can be slightly complex, as each situation is unique and there is not a one-size-fits-all solution you can use to determine the appropriate child… Read More »
New Ruling Could Change Divorce for Business Owners
A recent ruling by New York’s Appellate Division, Second Department Court could affect divorce cases involving a spouse with a business. The ruling in Palydowycz v. Palydowycz overturns precedent, now allowing a court to “double-dip” and take the same asset into account twice — once when determining how the couple’s assets should be divided, and… Read More »
How Do You Consciously Uncouple Assets?
Entertainers Gwyneth Paltrow and Chris Martin created a divorce sensation when they announced they were consciously uncoupling. What effect does that have on division of assets during divorce? In March, the celebrity couple announced their separation via Goop, the website of Ms. Paltrow. While a great deal of attention is paid to the apparent civility… Read More »
Splitting Assets and Dividing Debts in Divorce
Many divorcing spouses wonder why they are not entitled to an exact 50 percent split of the household assets, but what they do not realize is that courts divide assets equitably in a divorce — not necessarily equally. Courts consider a variety of factors when deciding how to divide family belongings. A good lawyer can… Read More »