Tips for Navigating a High-Asset Divorce
Divorce is stressful, and uncertainty of the future can lead to overwhelm. Significant assets in a marriage may exist, complicating an already tense situation. How they will be divided is often unclear. Ensuring the guidance you receive to navigate a New York high-net-worth divorce is sound and unrelenting will help secure the most favorable outcome to...
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How Assets are Divided in New York
When couples decide to divorce, it is natural for thoughts to turn to what each person will keep or retain after the dissolution is final. Each state determines how it will divide assets in a divorce, and New York uses an equitable distribution system. But what does this mean? Property Classification Property is classified...
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Common Financial Mistakes People Make During a Divorce
Divorces can be emotional and highly charged at times, permitting critical financial mistakes that have long-term effects on future financial stability. Taking a step back to gather a clear picture of your current financial status and future projections allows for rational decision-making when it matters most. Making these common financial mistakes during a divorce...
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Is New York a No-Fault Divorce State
New York was the last state in the country to accept the no-fault divorce status. If you are considering filing for divorce, you may wish to understand how this particular form would impact the outcome of asset division and other marital decisions. In a no-fault divorce case, the court is empowered to dissolve the...
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Navigating a Contentious Divorce
Divorce often brings out the worst in people, and spouses can become bitter, angry, and resentful toward one another, with the legal process becoming combative. Agreeing on important issues such as asset division, custody, support, and maintenance support or alimony are heatedly contested. When spouses choose to lash out at each other to wound...
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How is Property Divided in a New York Divorce
Working together in a divorce is the best possible outcome a couple can aim for. Division of assets can be challenging when considering all of the factors that will influence life after the dissolution of a marriage. It can leave you with apprehension and fear for the future when your financial security seems shaky....
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The Benefits of an Uncontested Divorce
Working together and agreeing on the elements that build a marriage can also benefit a couple when both parties feel it is time to dissolve the union. Not all divorces end amicably, with both parties agreeing to the same circumstances. But when that happens, it will make the divorce process much more straightforward, faster,...
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How Are Marital Assets Divided in New York?
Divorce can often be a difficult time of emotionally charged uncertainty. One of the most complicated parts of a divorce is deciding how marital assets should be distributed. In New York divorces, marital assets are divided using the principles of equitable distribution. Equitable distribution calls for a fair, if not equal, distribution between spouses....
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