When one spouse in divorce is determined to withhold financial information, it makes the process more contentious, expensive and time-consuming. Fortunately, the law provides several avenues to obtain those records. As discussed in a prior post, How Can You Obtain Financial Records in Divorce?, … [Read more...] about How Do You Enforce a Subpoena for Financial Records in Divorce?
It is not unusual for a spouse to have independent finances that the other spouse does not know everything about. While the couple may not have seen this as a big concern during marriage, once they decide to divorce, it becomes very important. Full disclosure of each party’s finances is essential to … [Read more...] about How Can You Obtain Financial Records in Divorce?
Generally, New York courts favor allowing spouses to resolve their divorce disputes on their own. As a result, if you signed a settlement agreement with your former spouse, a court will most likely enforce it. However, your divorce settlement agreement can be challenged or set aside if you can … [Read more...] about Can You Challenge or Set Aside a New York Divorce Settlement Agreement?
When one spouse owns a business in his or her name only, the other spouse is still entitled to a share in the value of the business in divorce. The rules governing how that share is calculated is set forth in New York statutes. The law considers various factors including when the business was … [Read more...] about How Do Indirect Contributions to a Business Affect How the Business is Divided in Divorce?
When one spouse gets health insurance coverage from the other spouse, losing that coverage can have serious implications. Health insurance is expensive, especially for an individual policy as opposed to one from an employer. Because of the high cost, it is important to understand the rules governing … [Read more...] about What Happens to Health Insurance Coverage During and After Divorce?
If you or your spouse owns a business and decide to divorce, an important issue is how that business may be divided. When parties divorce, their marital property is subject to equitable distribution. New York has specific rules governing equitable distribution, although the parties also have the … [Read more...] about Dividing a Business in Divorce When Both Spouses Work in the Business