During a divorce, assets are typically split into two different categories: separate assets and marital assets. People are sometimes allowed to keep separate assets, but marital assets generally need to go through property division. In New York, the goal is to divide...
The impact of divorce can be drastically different depending on particular spouses’ circumstances. For some people, moving on after divorce is relatively easy. Professionals during their prime earning years, particularly those without children, may be able to divide...
Dividing property in a divorce can feel overwhelming, especially when you're not sure what counts as “marital” property. In New York, the law splits certain assets between spouses. Understanding what qualifies can help you prepare and avoid surprises. What counts as...
In the emotional whirlwind of divorce, dividing assets becomes especially complex when significant wealth is involved. Understanding how courts handle high-asset property division can help you deal with the entire process with greater confidence. Why high-asset...
Dividing assets in a divorce can be complex, especially when it comes to pensions. Pensions represent a significant financial asset, and their division requires careful consideration of various factors. Understanding how pensions are divided can help spouses navigate...
In New York, your business may be subject to division if the court considers it as marital property. Marital property refers to any asset that you or your spouse gain during the marriage. This means that if you started your business during the marriage, it is marital...
In a New York divorce, assets are divided according to the equitable distribution principle. This doesn’t necessarily mean a 50/50 split, but a fair division of marital assets between spouses. The court takes an unbiased approach, basing decisions on each spouse’s...
Long Islanders from all walks of life who are going through a divorce will probably have to figure out what to do with their family home. Most of the time, a person’s residence is considered marital property in a New York divorce. This is true even if the home is only...
If you are considering a divorce, it can feel like an insurmountable amount of stress. Many couples find themselves at a point of needing to cross that bridge, and some divorces may require additional help. In addition to attorneys, there are other professionals who...
The economy has presented obstacles for homeowners seeking a reasonable mortgage. But divorce adds further complications for couples dealing with their marital home and obtaining a mortgage. Mortgage options Keeping the family’s home depends on many factors. These...
