If you and your spouse run a business together, you may need to divide this business when you get a divorce. There are several ways you might do this. One option you and your spouse might consider is selling your company. According to the American Bar Association,...
Divorce
How is a 401k divided in a divorce?
As you prepare for your divorce proceedings in Schenectady, you should have an inventory of every asset that is subject to property division. One that you may have forgotten to include (like many do) is your 401k. Specifically, family court officials view the...
Getting an accurate asset valuation during divorce
Ending your marriage necessitates dividing the marital property, debts and assets. Getting an accurate valuation is crucial to ensuring that you receive your fair share. Dividing your property is often extremely complex, and certain assets make the process even more...
Why do people get divorced later in life?
Many people have a romanticized view of long marriages. The reasoning goes that couples who have been married for many decades must have the strongest bond. While that is definitely true in many cases, for others longer marriages can be extremely tumultuous and hard...
Should I update my estate plan during a divorce?
During a divorce, it is normal for you to look down the road and try to imagine what your life is going to look like next month, next year and beyond. There are many elements to consider when evaluating your life after a divorce and one thing that will likely change...
How to protect your finances during and after a divorce
The end of your marriage may mean the beginning of a very different financial situation for you and your loved ones. You may have once split bills with your spouse, but now you will bear separate financial responsibilities. When you factor in the cost of the divorce...
What is separate property under New York law?
Property division can be one of the most stressful aspects of a divorce. Your financial future can depend on how your property is divided, and it is essential that you know your rights and which property will be considered yours alone. What does the law say? As an...
How does New York State divide marital property?
If you are considering a divorce or have already filed for divorce, you are probably wondering what will happen to your property and other assets. This is one of the major questions that spouses encounter when ending their marriage. Although every divorce is...
Going through a divorce? Don’t forget about your estate plan
No one plans to get a divorce when they marry. So, when we enter such a life-changing season, it is easy to feel bombarded by confusion and anxiety over the issues at hand. The matters you will likely want to address relate to child custody, spousal maintenance and...
