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
No one likes divorce. It is a stressful and emotional experience for both sides. Litigation can make it worse because of its adversarial nature. The parties argue their sides and the “winner” prevails. That mindset can fuel more resentment and lingering anger even after the divorce is over. In … [Read more...] about 5 Ways Mediation Offers a Better Divorce Experience
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