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Accounting for all assets in property division

There are some kinds of property that are obvious to divide in divorce, such as the house, savings account and belongings. Many couples, however, own more assets and debts than they might realize. All of which may be subject to property division. Divorce could call...

Divorcing stay-at-home moms seek fairness from courts

By law, we are a so-called “equitable distribution” state. As a result, New York’s courts typically try to split a divorcing couple’s assets equitably, which does not mean equally. It means fairly, or in a just way. (Community property states, such as Texas and...

Co-parenting after divorce makes all the difference to your child

You and your spouse are going your separate ways, but one of the last things you need to figure out is your parenting plan. While you would like to take the lion’s share and leave your partner with limited visitation, that might not be in your children’s best...

3 steps to getting organized before filing for divorce

Getting a divorce can be one of the most challenging times that anyone will experience. The process can take an emotional toll, but the paperwork, dividing property and other complexities can also have a profound effect on your future financial well-being. While there...

Why grey divorce has become more common in recent years

Grey divorces have become common among baby boomers in recent years. As people begin to live longer, some find that they no longer want to stay with someone they once considered to be their lifelong partner. According to a recent study, divorces in the United States...

4 ways to keep your business after a divorce

Business owners who put their life and soul into their company may be more at risk of getting a divorce, according to the American Psychological Association (APA). The APA says that about 40 to 50 percent of marriages end in divorce. If you believe there is no way to...

How will New York courts split up your assets in divorce?

If you have been married a long time, you and your spouse have likely built up a number of assets. You may own a house or two, multiple cars, bank accounts, investment accounts and retirement accounts. One or both of you may even own a business. So when you get...