Many individuals in New York find themselves facing divorce despite never expecting themselves to be in such a position. Fortunately, even though a marital breakup may come as a surprise in some situations, divorcing individuals can take steps early on in the process...
Tips for sharing one’s desire for divorce with a spouse
Telling a spouse about one’s desire for divorce in New York is never easy. However, avoiding the conversation will not make the matter any easier to handle in the short term. Here is a rundown on how individuals can confidently tell their spouses that they are ready...
Guiding teenage children through their parents’ divorce
Teenage children often have a difficult time processing things when their parents divorce. This can happen when they get blindsided by the divorce, but it can also happen even if they never saw the split coming. Fortunately, divorcing parents with teenage children in...
Retirement plans may change after divorce
Long before they retire, many couples have plans or at least ideas for how they would like to spend their retirement. This often includes thoughts of travel, taking up new hobbies or even starting a new business. These kinds of goals require significant planning,...
Dividing your business in a divorce
After decades of marriage, the prospect of a divorce can impact every area of life, including one’s business or professional practice. If a divorcing spouse owns a company related to construction, finance, technology or other business, or runs a medical or legal...
Paying alimony on the verge of retirement
After years of building a business or professional practice in New York, many look forward to the day of retirement, when they can reap the benefits of their hard work and careful saving. However, if retirement is only a few short years away and divorce is on the...
Financial concerns in a post-retirement divorce
Couples divorcing after retirement have a very different set of concerns than those divorcing earlier in life. Older partners generally do not have child custody and support concerns. However, these couples likely face a complex asset division, including various...
Is your business on the line during a divorce?
When a couple has been married for two or more decades, divorce can include some complex matters. Divorce preparations must consider homeownership, a growing retirement fund and children preparing for college. If one spouse owns a business, this adds even more...
Why are so many divorcing after 50?
Overall, divorce rates have been dropping during the past few years. However, one demographic shows a marked increase in divorce, and that is among couples over the age of 50. In fact, over 25% of divorcing couples are in their 50s, and more than half of them have...
Preparing for the impact of a gray divorce
Divorce rates among mature adults continue to rise. The data shows that couples older than age 65 are divorcing three times more often than the past generation. These “gray divorces” can have devastating consequences without careful planning, and many do not realize...