The New York court will look at every single asset you and your spouse have when dividing your property in a divorce. This includes retirement accounts. If you have a 401K, the court can divide that account between you and your spouse. There are some things you will...
Month: October 2019
Do you need a QDRO?
A QDRO, or qualified domestic relations order, is a legal decree issued by the court as part of divorce proceedings. When dividing marital assets, the court may decide that one spouse can claim a portion of the other spouse's retirement account. The QDRO provides...
Why are divorce rates increasing for older adults?
In 2004, researchers identified a trend in New York and the rest of the United States. It seemed that contrary to former statistics, the occurrence of divorce in older individuals was increasing. Forbes states the the divorce rate of those over 50 is on the rise while...
Managing marital funds: What do you need to know?
Though you likely did not enter your New York marriage with the assumption that it will one day end, it would be wise for you and your spouse to operate in such a way that would ensure the best possible financial outcome should you one day decide to part ways. In...
How to handle common child custody issues
Cooperative parenting after divorce supports a child's healthy growth and development. However, issues sometimes arise that can threaten a relatively peaceful custody sharing situation. Try these tactics to manage common conflicts with your child's other parent when...
FAQs about New York child support
When parents in New York divorce, the court uses a formula to determine child support payments. This ensures that children receive the financial support they need from both parents. If you have a child and are planning to end your marriage, read on for the answers to...