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Any divorce in New York can have complications, particularly when it comes to issues of property division and child custody. However, divorce can become even more complex when it is a high asset divorce or a high net worth divorce. In other words,…
Property classification and division is one of the most important elements of a divorce in New York. These issues are vital, especially in high-asset New York divorces. The following scenario is a good example. Assume Wendy's Wife and Hank's Husband are joined…
For couples considering divorce, the tax code is incentivizing spouses to do so sooner rather than later. As part of the tax code overhaul, any divorce settlements or modifications that take place after December 31, 2018 will no longer have the tax…
11/05/2018 When Should Spouses Pull Money From Joint Accounts? Spouses who are the non-monied party, who are thinking about divorcing their spouse, might be worried about how they are going to finance their divorces and still maintain their living expenses…
In 2010, New York became the last state to allow for a couple to file for a no-fault divorce. Prior to this, a divorce in New York requires grounds, where one spouse had to be proven “at fault” for the failure…
Earlier this year, the third wife of former New York City mayor, Rudy Giuliani, filed for a high net worth contested divorce in Manhattan Supreme Court. Judith Giuliani, nee Nathan, was married to Rudy for fifteen years before filing for a contested divorce,…
10/08/2018 What is No-fault divorce? In August 2010, Governor Paterson signed the bill that finally brought the state of New York’s divorce law up to speed with the 49 other states. Prior to the enactment of the new no-fault divorce…
09/03/2018 Prenuptial Information and Statistics A recent “Fox & Friends” show hosted legal analyst Bob Massi, who supplied advice on prenuptial agreements for people in New York and across the nation. He indicated that since about half of all marriages…
08/06/2018 New York Court Finds Prenuptial Agreement Invalid On Contract Principle This blog has previously talked about prenuptial agreements. Typically, courts find that a prenuptial agreement is valid and the terms outlined in the agreement can be important in determining rights should…
04/23/2018 Love Your House and Hate Your Spouse? Build A Wall After 21 years of marriage, an Orthodox Jewish couple in Brooklyn has had it with each other. She banished him from the bedroom two years ago, forcing him to…
