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Police officers, firefighters and other public servants are usually eligible for a retirement pension. Although this benefit has expanded over the years in many ways, New York City’s employees have been eligible for these pensions for a long time. A person’s role in…
New York City residents are probably familiar with a few of Robert De Niro’s most prominent investments. The 77-year-old actor has invested in several businesses and restaurants across the city including The Greenwich Hotel and the Tribeca Bar and Grill. Recently, a judge…
Divorce is not just for young people in New York City who rushed into marriage too early or middle-aged people who are experiencing a midlife crisis or issues such as infidelity. Even people who have been married for decades these days may seek…
Untangling assets may be complicated for couples undergoing divorce. Spouses should separate commingled assets and protect their property when they divorce. Separate property Generally, a spouse’s property owned before their marriage does not have to undergo property division. Assets bought for themselves with…
Parents in New York make many different decisions for their children as they raise them. Some of these decisions are for day-to-day issues and some are major decisions that could have major effects on their children’s lives. How parents make these decisions will…
New York is an equitable distribution state, which means that the court will divide a couple’s marital property in a manner that it deems fair during a divorce. In most cases, the exact split is determined by each person’s income, net worth and…
Commonly, when one spouse decides that divorce is the right life choice for them, the other spouse does not agree. Indeed, it is actually uncommon for both spouses to come to that decision at the same time or together. Luckily, in most states,…
Property division is a frequent source of discord in a New York divorce. While many will think about real estate, automobiles, jewelry, bank accounts, stocks, and retirement plans, there are other items that can be in dispute. Some are difficult to find and…
Settling a divorce out of court can have several big advantages over letting a court decide. It’s generally faster and, because it avoids some court fees, less expensive. It also gives the parties greater control over their outcomes. It’s also private, as opposed…
When child support is paid, it is intended for certain uses to support the child. Children have the right to financial support from both parents. Tyically, they are entitled to financial support until they are 21 years old. It is helpful for parents…
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