Did you know that 50% of marriages in this country end in divorce? Subsequent marriage divorce rates are even higher; 60% for second marriages and 73% for third marriages. These statistics cannot be ignored. As such, you should consider proper…
Did you know that 50% of marriages in this country end in divorce? Subsequent marriage divorce rates are even higher; 60% for second marriages and 73% for third marriages. These statistics cannot be ignored. So how do you protect your…
A divorce can be one of the most stressful and difficult times in your life. Once the process is officially over, it is common to want to forget about all the paperwork and finances and take a much-needed break from…
As divorce, blended families, and second and third marriages become more common in our society, the questions of how these changing family dynamics will impact our aging population have become more complicated. The issue of divorce becomes especially complicated when…
There are some events in life that we can’t emotionally prepare for. They can come on suddenly and unexpectedly. But an estate planning attorney can help legally prepare for some of them.
There are some life events that can be considered very stressful.
If you are getting divorced in New York then you should know that recent revisions to the Domestic Relations Law will impact the calculations to your maintenance payments.
If you are considered the “non-monied” spouse, then you may be negatively impacted by these changes and could receive significantly less in spousal maintenance payments as a result. However, if you are considered the “monied” spouse, then these changes may benefit you by capping your income, eliminating the application of enhanced earning capacities, and limiting the timeframe of maintenance obligations.
A “life estate” is an ownership interest that a person retains in real property while transferring a remainder interest to one or more individuals.
Life estates are sometimes used as a planning technique by individuals who wish to safeguard their residence or other real estate.