Regardless of how long one has been married to their partner, the decision to end the marriage is rarely an easy one for New York residents to make. Separating one's financial and emotional life from another person is a difficult process, and if there are children involved, it can end up being even more difficult. But, once couples make the decision to divorce, they often want to get through it as quickly as possible, so they can move on and try to put their life back together. However, important decisions such as child custody and visitation, as mentioned in last week's blog have to be made and are often contentious, delaying the process.
There is a special bond between grandparents and their grandchildren that not many people can truly understand. Grandchildren turn towards them for advice and guidance and grandparents often provide a sounding board when guidance is needed. But, when the child's parents get a divorce and child custody and visitation plans are finalized, this bond is often overlooked-grandparents are sidelined and this can greatly affect a child who was once very close to their grandparent.
Alimony, or maintenance, laws are quite complicated and difficult to understand, given that two different laws apply-one law to divorces commenced before January 25, 2016, and another to divorces commenced post this date. This is because a bill passed in New York changes the landscape of maintenance, removing some factors the court should not consider and including others that it should.
You might have been earning a great income throughout the course of your marriage. As such, when a divorce court made its determination on your child support, the amount of your obligation likely reflected your high income. These days, however, financial times are tougher. A lot of New York residents have yet to fully recover from the Great Recession, and you might not be earning the same amount that you were before.
Gone are the days where couples shied away from discussing their financial matters before they got married-given today's financial climate, college debts and self-entrepreneurship, people are more and more interested in separating their finances from their spouse's. This is perhaps why the use of prenuptial agreements is on the rise; the practicality of the matter has begun to outweigh the emotional.