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?
4 Reasons You Should Get a Prenuptial Agreement Months Before the Wedding
You don’t have to be rich to have a prenuptial agreement. Prenups are beneficial in almost every marriage because they require the couple to have honest discussions about their finances, including their values about money and expectations for their life together. For those bringing significant … [Read more...] about 4 Reasons You Should Get a Prenuptial Agreement Months Before the Wedding
When Is Your Income No Longer Marital Property in Divorce?
Marriage is an economic partnership under the law. When you are married, both you and your spouse have a one hundred percent right to each other’s income. You also have a duty to support each other. This is true even if one of you isn’t earning any money. A spouse who stays home is still providing … [Read more...] about When Is Your Income No Longer Marital Property in Divorce?