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property division Archives

Are you prepared for gray divorce?

If you and your spouse are over 50 and are considering divorce after more than 20 years together, you may be part of the growing trend of gray divorce. While no one should have to stay inside an unhappy marriage no matter how long it has persisted, the reality of the matter is that divorces between couples who have been together for a long time are usually significantly more complicated than those between younger, less established couples.

How property is divided in divorce

Divorce can be a difficult realization for millions of people, even for those who are exiting a strong marriage. There are times when people realize marriage isn't for them or that they no longer want to be married to each other. Here's a brief discussion on how property is divided in divorce.

Benefits of prenuptial agreements to consider

Marriage is not simply an emotional arrangement-there are several financial factors involved. While you are not likely planning to get divorced, the possibility is real. Getting a prenuptial agreement is a great way for some couples to reduce confusion and retaliation if such a situation should arise. While there are real questions for you to think about, here are a few benefits of getting a prenuptial agreement.

Marital property and separate property in New York

It can be tricky trying to figure out in which category your property falls when getting divorced in New York. There are two main categories: marital property and separate property. Determining which asset goes where is vital to the division of property in a divorce case.

Getting married again? Consider a prenup.

It's never easy going through a divorce. It can be especially difficult when you have a lot of assets. Many people who marry young do not get a prenuptial agreement, because they have a hard time envisioning needing one.

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