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November 2017 Archives

What is the value of a non-marital agreement?

New York residents may be aware with the commonly perpetuated myth that the younger generation is hesitant to get married, but this is not entirely true. It is more accurate to say that they are waiting until they are older before tying the knot, as20 percent of people aged 18-30 were married in 2016 compared to 40 percent of Baby Boomers when they were the same age.

How will the proposed tax reform bill affect my alimony award?

New York residents making alimony payments right now may not be aware that the government is effectively subsidizing their payments. For example, if they are paying $10,000 a month and in the 50 percent tax bracket with the receiving spouse in the 30 percent tax bracket it would play out like this-the paying couple is paying a net amount of $5,000 and the receiving spouse owes $3,000 in tax.

Grounds for divorce in New York

Most people know that there are certain family law issues that must be resolved before a divorce judgment can be granted, such as child custody, alimony, and property division, just to name a few. However, many may not be aware that there are certain legalities that must be completed before the divorce case can even begin.

Do fewer men get spousal support?

New York is perhaps one of the more progressive states in the nation, which is why it probably won't surprise them to hear that female breadwinners manned 40 percent of households in2014. However, it may come as that in the same year, of the 4,00,000 people receiving spousal maintenance post divorce, only 3 percent were men. This demonstrates that thousands of men are probably eligible to receive support, but don't.

A level head during child custody negotiations is beneficial

The road to ending a marriage can be a long one and it begins with the difficult decision of actually getting a divorce from one's significant other. When this decision is made, people often want their lives to return to normal and to get to the part where the divorce is finalized but there are a number of family law issues that must be resolved before that can happen. Experienced help by one's side can ensure that the legalities are completed in a timely manner and the divorce finalized as efficiently as possible.

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