Marriages end for an array of reasons, but some can be more difficult to explain and less evident. For example, someone who has been subjected to domestic violence may understandably want to move on in their life and take steps to prevent additional abuse. Or, someone who has been cheated on may no longer wish to remain in the marriage. However, some people may also file for divorce because their marital partner is not the same person as a result of personality changes.
Every day, children in New York live with the effects of their parents’ decision to divorce. To be clear, sometimes these effects are good, especially in scenarios where one parent was abusive and has now lost all custodial and visitation rights. However, there are negative effects on children too, if both parents cannot cooperate to find peaceful resolutions to shared problems.
Many people hastened to file for divorce before Jan. 1, 2019, so that they could take advantage of the existing tax laws.
Some married couples may own and run a business together. But when a couple in New York decides to split, the business they own could end up being sold with its proceeds split between the spouses. If you are facing divorce and want to save your business, you may consider asking your spouse to sell his or her interest in the company. However, such a request might not be easy and may involve some negotiating to make it happen.