Getting divorced is always a harrowing prospect. Even at the best of times, there are a number of personal and financial issues you will need to work out before you get through the divorce process. Before you get into a divorce, it can be best to understand what you are getting into. Here are seven common issues that come up in a divorce proceeding: Continue reading “Divorce: Seven Common Issues that Can Come Up”
Tag: matrimonial law
New York Police Officer Divorce Considerations
It’s a common misconception that police officers divorce more frequently than other occupations. A recent Radford University study revealed that the average divorce rate for law enforcement careers is 14.47 percent, well under the national average for all occupations of 16.96 percent. Despite the fact that police officers divorce no more frequently than other occupations, they do have unique factors that must be taken into consideration when filing for divorce. One of the most important is the equitable distribution of a police pension. Continue reading “New York Police Officer Divorce Considerations”
New York Military Divorce
The military lifestyle is hard on both the service member and their spouse. For some military couples, their relationships may ultimately end in divorce. When going through a divorce, many military families experience the same concerns and issues that civilian ones do. However, military couples must take other important factors into consideration, such as which state to file in, division of pension benefits, division of military benefits, and legal representation. Continue reading “New York Military Divorce”
Determining Maintenance in New York
Maintenance, formerly called alimony, is financial support one spouse provides for the other during and/or after divorce proceedings. Maintenance is used to allow the supported spouse to maintain the lifestyle to which he or she is accustomed and to provide him/her with an opportunity to ‘rehabilitate’ and develop the skills or undergo the training necessary to be financially self-sufficient. Continue reading “Determining Maintenance in New York”
Tax Filing Considerations for Divorced Couples
As April 15 quickly approaches, more people are seeking to file their taxes each day. However, for couples who have recently divorced, filing taxes may present unique challenges. Many find themselves asking similar questions regarding how each individual will file their taxes during and after divorce proceedings, which spouse can claim the child or children as dependents, and whether or not alimony and child support are tax-deductible. Continue reading “Tax Filing Considerations for Divorced Couples”
Student Loan Debt and Divorce
When assets must be divided a divorce can become messy. Many forget that not only are assets being divided but debts are often split as well. With the growing number of individuals accruing student loan debt it may be helpful in understanding who bears the responsibility of paying it back. Continue reading “Student Loan Debt and Divorce”
When to Challenge a Prenup
A prenuptial (or premarital) agreement is a legally binding contract that a couple will establish prior to marrying and comes into effect once they tie the knot. Prenuptial agreements can specify how present and future financial assets, investments, property and money will be divided, should the pair divorce. Under certain circumstances, the specifications of the prenuptial agreement may be adjusted and, in some instances, the entire prenuptial agreement can be deemed invalid. Continue reading “When to Challenge a Prenup”
Divorce Rate Doubles Among Older Couples
According to a 2013 study published by Bowling Green State University, the divorce rate among middle-aged and older adults has doubled between 1990 and 2010. “Gray divorce,” a divorce that occurs among people age 50 years or older, accounts for 1 in 4 divorces in the United States, and nearly 1 in 10 divorcées are age 65 years or older. Continue reading “Divorce Rate Doubles Among Older Couples”
For Better or For Worse: Divorce and Social Media
Social media networks and digital communication have altered 21st-century relationships. Designed as a means of bringing people together, more couples today are contributing to their breakups or divorces by posting nasty comments about each other on social media. Many couples are unaware of the consequences these posts have on divorce settlement negotiations as well. Continue reading “For Better or For Worse: Divorce and Social Media”