The cost of a divorce, both emotionally and financially, is something people don’t always think about when they decide to split. For a small-business owner, however, understanding the financial implications of property division is crucial for them to be able to...
Property Division
What is considered separate property in a divorce?
Throughout people’s lives in Long Island, they acquire various property. The property may come in various forms such as bank accounts, retirement accounts, investment accounts, homes, vehicles, collectables, tools, household goods and other forms of property as well....
Three facts to know about equitable distribution in New York
Getting divorced can feel complicated. There are a lot of decisions that must be made and negotiations that must be completed before the end of a marriage can be reached. It is important that individuals preparing for and engaging with the divorce process have legal...
What happens to the family home in a New York divorce?
When a person is going through a divorce it is often one of the worst times of their life. A divorce is incredibly hard both emotionally and financially. There can be many contentious issues that a couple needs to work through during the divorce period, including...
Splitting retirement accounts in divorce
The end of a marriage may be a very emotional time, but the divorce process itself is largely about money. The division of property is often the most time-consuming and complicated part of any divorce. New York law calls for the equitable distribution of marital...