The Impact of Divorce on Estate Planning and Inheritance
You worked for years, saving for retirement, and have a plan for your estate. You know who you want to inherit your assets and how you want others to be managed. Now, you are considering divorce, and you are unsure what to expect when it comes to the impact of divorce on estate planning...
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What is the Difference Between Divorce, Dissolution and Legal Separation?
Many decisions must be considered when a marriage becomes a challenge. The reasons for this shift in relationship are innumerable for an individual, but under the law, an individual must meet specific requirements. And there are choices when partners are not entirely ready to end it all. Making decisions concerning a New York City divorce is...
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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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