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Posts tagged "Divorce"

New York divorce and dealing with inheritance and retirement

New Yorkers will want to shore up their future and not need to worry about their paycheck being their sole source of income and protection. There can be different interpretations of financial freedom with the goals being individual and based on wants, desires and priorities. When a divorce enters the picture, it can throw a wrench into the most intricately devised plans. Having legal assistance with this difficult type of divorce is crucial.

When I file for divorce, will support be paid immediately?

Divorce can be a contentious matter in New York. Emotions will be frazzled and people will have a variety of concerns as to what the future holds not just personally, but financially as well. One issue that comes up in nearly all cases is support. This can be spousal support, child support, or both. When the divorce is finalized, the support will be in the agreement and can only be changed if certain conditions are met. One question that is often asked, however, is how support will be handled in the immediate aftermath of the divorce filing. Knowing about a temporary order is one of the key divorce legal issues to navigate.

What if my former spouse does not pay child support as ordered?

When there is a divorce in New York and the couple has children, it is common for the custodial parent to receive child support payments from the noncustodial parent. It is important that these payments are made on time and in full. Unfortunately, many supporting parents do not keep up with their payments. This can leave the receiving parent unsure of how to proceed to get those payments. This is where the Child Support Enforcement Unit (CSEU) can be of help. Because a dispute over child support can be so contentious, it is always wise to have legal assistance from an experienced lawyer.

How can prenuptial agreements affect a divorce in New York?

When there are concerns about a business, significant assets or one prospective spouse being substantially wealthier than the other, it is not unusual for couples in New York to enter into prenuptial agreements before they get married. If the marriage comes to an end, these agreements are prone to dispute. Either side can complain about the contents of a prenuptial agreement and even call the entire document into question. For people who have a prenuptial agreement and are getting a divorce, there are important legal facts that should be understood.

What are child support percentages and how is income gauged?

Child support is vital for children to achieve their maximum potential and be cared for properly in New York. When a couple divorces, one of the biggest divorce legal issues they will face often centers around child support. This is an issue rife with the potential for disputes and hard feelings. Every case is different and the circumstances of the parents can vary. For example, if it is a high-asset divorce, a low-asset divorce or anywhere in between, the amount that will be ordered will obviously differ. However, there are certain guidelines that the state will use when deciding how much will be paid. It is crucial to understand these rules.

Is a contested or uncontested divorce the better choice for me?

For New Yorkers, divorce is often a difficult process rife with emotions and concerns about the future. However, some couples can agree on the issues that need to be settled as they take steps to end the marriage and do not need a drawn-out process. This exemplifies the difference between a contested and uncontested divorce. Before deciding on which is better for the situation, it is important to grasp the basics for each.

Why might business owners want to execute a prenuptial agreement?

When a couple in New York decides to marry, they do not often take an inventory of what each spouse will bring to the marriage financially. However, when a business is involved, it is important that a spouse takes the time to properly protect that business. This is often when a prenuptial agreement can really shine.

Ways to secure a strong and valid prenuptial agreement

When you think about it, preparing to get married is has some similarities to preparing to get divorced. A lot of time and effort is put into both events, and in most cases, serious decisions must be made. Finally, finances control both, in the sense that finances control how lavish the marriage ceremony will be or finances control how issues pertaining to support and property will be awarded following a dissolution. Because the two events are major life events, it seems logical to take steps to make both matters better. Taking the time to understand the capabilities and benefits of a prenuptial agreement could be extremely beneficial for couples in New York.

Hidden tax issues during divorce

Many things enter a person's mind when they think about ending their marriage. Of course, there is the emotional aspect of this matter. In addition, spouses in New York are faced with the challenging task of splitting up their belongings. It can be hard to part ways with certain pieces of property; however, this is a vital step to take. It is also important to consider how the decision made today could impact each spouse in the future.

Going through a divorce on a budget

When we imagine walking down the aisle on our wedding day, we are often overjoyed and filled with positive thoughts. These emotions are the exact opposite when that same couple walks down the aisle in a divorce court. The one thing that is similar in these situations is that both spouses want to complete both events on a budget. A wedding and a divorce are two events that can cause a person's wallet to take a major hit. Much like there are ways to marry on a budget, residents of New York may be relieved to hear that it is also possible to divorce on a budget.

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