Spousal support or alimony is not meant to last forever. New York sets forth statutory guidelines for calculating the duration of support. The rules exist with the view that even in long marriages, the recipient spouse should eventually become self-supporting. Notwithstanding how long a divorce … [Read more...] about When Does Spousal Support End?
Should You Accept Spousal Support as a Lump Sum Payment?
In New York, spousal support awards in divorce are determined according to a formula set by statute. However, the parties still have the flexibility to negotiate their own terms. One option is for spousal support to be paid upfront in a lump sum rather than over time as a monthly amount. There are … [Read more...] about Should You Accept Spousal Support as a Lump Sum Payment?
What Rights Does a Spouse Have to Support While the Divorce Action is Pending?
Many spouses worry about paying bills while a divorce is pending and before a court orders spousal support. This is particularly true where one spouse has significantly less income than the other. In some cases, there may also be fear that the monied spouse will spend or hide assets to avoid … [Read more...] about What Rights Does a Spouse Have to Support While the Divorce Action is Pending?
Will Your Spousal Support Increase Once Child Support Payments End?
In many divorces, one spouse gets spousal support or alimony from the other. In New York, spousal support is calculated using a formula established by statute, although there is still room for the parties to negotiate the amount paid. The formula varies depending on whether the payee spouse is also … [Read more...] about Will Your Spousal Support Increase Once Child Support Payments End?
When Can Parenting Time Be Modified?
Long after a divorce is finalized, the parties may still have disputes over matters such as visitation or parenting time. Circumstances may change for one parent or the child and the parenting schedule may no longer meet the needs of the parties. Where parents disagree on making changes, parenting … [Read more...] about When Can Parenting Time Be Modified?
What Are Your Rights to Your Spouse’s Stock Options in Divorce?
When spouses file for divorce, their marital property will be equitably distributed between them with equitable not meaning equal but fair under the circumstances. Generally, it is simple to determine whether an asset constitutes marital property. However, in the case of stock options, it may be … [Read more...] about What Are Your Rights to Your Spouse’s Stock Options in Divorce?