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May 2012 Archives

New York couples' divorce dilemma: Wait or negotiate?

Excessive time, money and added anxiety and stress for families are reasons why New York divorce attorneys and their clients are hoping the sluggish state legal system changes sooner rather than later. State budget cuts have reduced staff and have caused the remaining courthouse employees, including judges, to have more cases than can be expeditiously processed. The result is a longer wait for divorce settlements, which can have a harsh financial and emotional impact for spouses in the midst of divorce litigation.

Yahoo ex-president settles divorce after 4 years

The more marital assets a couple owns, the more likely the property will become part of a contested divorce. The financial stakes are higher in a high-asset break up. Divorce for a wealthy couple often means lengthy negotiations and multiple trips to court to resolve asset disagreements.

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