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
Many people aren’t aware that the 2017 Tax Cuts & Jobs Act made a big change to the federal tax treatment of spousal support. Under the law, spousal support is no longer tax deductible for the person paying it. This is effective for all agreements signed after December 31, 2018. Since spousal … [Read more...] about How Will 2019 Tax Law Changes Impact Spousal Support Negotiations in New York
When parents decide to divorce, child custody becomes a primary concern for the parties and the courts. New York policy promotes joint custody and encourages parents to resolve their custody disputes amicably. If parents can’t do that, then the courts must step in. Before deciding to litigate child … [Read more...] about What Happens in Child Custody Disputes?
You are having problems in your relationship with your spouse or long-time partner. You wish to separate, and, maybe divorce. Can mediation help you in taking this very important next step? Do you and your significant other communicate well? Are you able to fairly discuss the next step of your … [Read more...] about Why You Should Consider Mediation before Separation or Divorce
Divorce is a stressful process, but when children are involved it can become even more adversarial. It can be difficult for parents to keep their emotions from interfering in decisions about what is best for their children. That can lead to lengthy and costly litigation over child custody, which can … [Read more...] about Why You Should Consider Mediation in Child Custody Cases