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...
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Property Division
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...
How do New York courts handle property division in divorce?
As if the emotional pain of divorce is not difficult enough, it typically comes with complicated legal hurdles as well. Even couples that do not have children together must often face elements of divorce that are complex and frustrating to say the very least. Property...
What should you consider when deciding to keep the house?
Are you thinking of trying to keep the house during your divorce? Is your top goal simply to keep some consistency in your life -- and the children's lives -- by making sure you get the family home?If so, here are three key things that you need to consider: 1. What...
401(k) assets: 2 divorce mistakes to avoid
Your 401(k) assets represent your future financial security. However, they also represent an asset that probably needs to be divided in your divorce proceedings. If you earned and saved some of your 401(k) during the course of your marriage, then the amount of those...