Protecting an inheritance is important, and many people in New York take great care to keep theirs separate from marital property. Doing so protects inheritances from divorce and is common practice for most heirs. However, a new issue is running through family law courts, raising questions about how certain assets should be handled during divorce.
You have the dress and tux all picked out. You scheduled the venue, bought the rings and sent out the invitations -- nothing could ruin this time for you and your soon-to-be spouse. Until he or she asks for a prenuptial agreement. Unfortunately, despite the many protections it affords both parties, many people in New York still wrongly view these helpful documents as precursors for divorce.
From significant wealth to valuable items, many New York families use inheritances to keep important assets in the family. But what happens when a couple files for divorce after one person has already received an inheritance? Whether it is considered separate or marital property depends on how the heir handled it during the marriage.
For deeply unhappy couples in New York, ending the marriage is often the best possible choice. While most people go on to thrive after their divorce, it is important to be aware of potential financial pitfalls that may affect an individual's financial future. For those nearing retirement, it is important to fully understand the implications of splitting shared savings.
Many people across the United States wonder what factors put marriages at risk of breakdown. A new study from Harvard University suggests that lack of employment is the top reason for divorce in heterosexual marriages. Although work-life balance remains important for many couples in New York, this new study reveals a possible dark side for husbands who find themselves unemployed or underemployed.
Divorce can affect different people in different ways, depending on many factors like their personalities, the circumstances of the divorce, the length of the marriage and the assets and children involved. Some experts also say men and women may have slightly different experiences of divorce, with men tending to struggle more with certain aspects. While men may bring up these issues more than others, both men and women divorcing in New York may struggle with some or all of them.
When parents get divorced, additional complications like child support and custody must be considered. But are New York parents more likely to get divorced than their counterparts without kids? While some may believe the stress of parenthood increases divorce risks, the statistics tell a more interesting story.
When couples break up, there is often conflict and emotion involved. However, when that couple has children, finding ways to manage these challenges and create a healthy co-parenting plan is important for the children's well-being. Here are some ways that New York couples manage parenting together following a divorce.
Many people are familiar with the challenges of co-parenting after a divorce, but what about running a business together? For many New York exes, shared commercial ventures are among the most contentious things they face when untying the knot. Many may wonder about their options when it comes to a shared business, and whether continuing to run a lucrative business together despite the divorce is a good idea.
Since the 1990s, the divorce rate among those 50 years of age and older has doubled. The trend, known as gray divorce, can have several positive and negative effects on those left in its wake. New York women who may have spent decades in the dark about their finances may be in for some difficult realities during financial disclosure and divorce negotiations.