With divorce for older couples increasing, some older residents in New York will find themselves worried about how they will support themselves during retirement. For older couples, divorce could significantly affect their retirement plans. However, depending on how long the marriage lasted and…
All states use a property assessment policy of some type when deciding asset distribution in a divorce proceeding. Some states use community property law, but others like New York use equitable distribution policy. This means that each asset is evaluated for independent ownership…
Each state has its own requirements for the divorce process and New York is no different. To avoid mistakes that can be costly and complicate the process, you should learn about the basic aspects of divorce in the Empire State. The basic requirements…
Getting a divorce is a complex process that can take months to resolve, if not longer. Even with the guidance of an experienced divorce attorney, you will still need to address complicated matters like custody agreements, child and spousal support negotiations, and asset…
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…
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,…
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