The house is much too quiet. The last child has been dropped off at college and now you are finally free. Free to indulge in all the things you were putting off as part of your job as a full time parent. The laundry is now drastically reduced. The refrigerator doesn’t need to be replenished nearly as often as before. And you get your spouse all to yourself.
Prenuptial agreements used to be only for celebrities, but in the last few years they have become dramatically more common in the U.S., and now it’s quite ordinary for middle-class couples to ask for them.
The divorce process is stressful, costly and highly personal. Therefore, it is crucial that you hire the right attorney to help you. When considering what attorney to hire you should consider the following:
While some divorces can be contentious and high-conflict, many couples have simply grown apart and desire to leave their marriage as amicably as possible. However, even where spouses are in agreement on most or all of the terms of their post-marriage life, they are often left with the uncertainty of whether their intended agreement is permitted under New York State law. Therefore, one of the most common questions in an uncontested divorce is, “Are we allowed to agree to this?”
In many divorces, the most significant assets – even more so than the parties’ residence – are their pension and retirement accounts. It is not unusual in longer marriages that the parties may have 401K or similar plans totaling hundreds of thousands of dollars or a pension plan that will pay a significant monthly benefit upon retirement.
In order to maintain an action for divorce in New York, the plaintiff must meet New York’s residency requirements for filing. And if the plaintiff is seeking any “ancillary relief” (i.e. support, division of marital property, etc.), the court must also have personal jurisdiction over the defendant spouse.
Having a lot of options can be both a blessing and a curse. Often people who are at a difficult stage in their life due to an unhealthy or broken relationship prefer not to have many choices in order to try to simplify things. On the other hand, due to individual circumstances and needs, having flexibility can many times be an important factor as well.
One question that often arises in matrimonial proceedings is how do the courts address one spouse’s interest in a family business?
In the exhaustive division of assets that occurs in most divorces, the issue of the family home inevitably comes up. What should be done with it? Who should keep it? Can that individual afford to keep it? Answers to these questions and more should be considered before making any decisions.
For many people considering bankruptcy, the process can appear foreign and overwhelming. While it offers the ability for consumers to discharge debts and obtain a financial fresh start, it does affect consumers in other ways. One of the most common concerns we hear from clients exploring their bankruptcy options is how it will affect their credit.