As people marry later in life and remarriage has become more common, prenuptial agreements have become increasingly important. Typically, couples today already have jobs, income, assets and debt before marriage. They may have children already or expect to have them. Many assume they will have a … [Read more...] about Four Reasons You Need a Prenuptial Agreement
When parents divorce in New York, child support is calculated according to a statutory formula. This formula can be confusing, especially since it also leaves open certain issues for a judge to decide or for the parties to negotiate. There are several key aspects to child support that parents should … [Read more...] about 6 Things You Should Know About How Child Support is Calculated in New York
A common question by divorcing parents involves child support when the couple has joint custody of their children. Generally, under New York law, the parent who has primary physical custody gets child support from the other parent. However, if parents technically share physical custody equally, who … [Read more...] about Who Pays Child Support When Parents Share Custody?
In 2016, New York made significant changes in how spousal support is calculated. The goal was to provide more predictability in awards and address evolving perceptions of fairness. Whether the state has succeeded may depend on your point of view, but it has provided additional guidance to parties in … [Read more...] about New York’s Changing Views on Spousal Support
All property is not treated equally when dividing up assets in divorce. Some of the most significant differences occur between couples having both passive and active assets. Here are a few tips couples should know about how assets would be divided between them in the event they decide to end the … [Read more...] about How to Divide Passive vs. Active Assets in Divorce
“Spousal support,” also known as alimony, is determined by a legal formula in New York. As a result, the law offers some certainty about how much a spouse will receive or must pay and how long payments will last. Unfortunately, these provisions can be confusing and complicated especially since … [Read more...] about Top Questions About Spousal Support in New York