In any New York divorce, the parties must divide any separate property from their marital property and then divide the marital property between them in a way that meets guidelines of fairness under state law. This property division process is the most time-consuming...
Is it worth it to keep the marital home in a divorce?
A marital home stands for far more than just its current market value. Family memories are inseparable from the physical space, which represents the focal point of the life you’ve built. It is of little surprise many people, when faced with the prospect of divorce,...
Considering divorce later in life? You should know these 3 things
Whether you are facing an empty nest, entering your retirement years or simply reflecting on how your life has changed, you may be reconsidering your life situation in your later years. If a divorce is a part of that consideration, here are three things that you...
How commingling of funds affects property division in New York
Without a doubt, property division is one of the most complicated parts of getting divorced. Even when both spouses agree on how to divide their marital property, they must still comply with the law. This means that a court might reject your agreement and make these...
Your pleasant personality could lead to an unfair property split
We know you don't need us to tell you how difficult it is to get a divorce. However, we choose to bring up these challenging situations to make sure that you prepare yourself for what is to come when divorcing. Aside from child custody and support, property division...
New York property division: Keep these things in mind
Getting divorced is challenging under the best of circumstances. Even when both spouses agree that divorce is the only solution, it is still a difficult process mentally and emotionally. The property division portion of divorce can be especially trying because...
Divorce, property division and protecting your credit score
Property division is one of the most stressful elements of ending a marriage. We say this often in our blog and in our communications with New York residents because we want them to be as prepared as possible. Even divorces that begin amicably often devolve into chaos...
Divorce and debt: When did you take out your student loans?
During a divorce, property division extends beyond assets that you own. It also means dividing debt.Some couples choose to pay off all of their debt when they split up -- this is one reason why you see many couples sell their homes during divorce -- so that they don't...
What factors affect the equitable distribution of property?
There is little doubt that property division is a complex part of getting a divorce. Aside from matters involving children, it is the most dreaded portion of the divorce process in most cases. What you might not realize is that dividing marital property under New...
Defining separate property in a New York divorce
The last time we addressed property division in our legal blog, we discussed how courts in the state divide property under the equitable distribution law. Due to the brief nature of the blog format, we were unable to talk about other important elements of property...
