Divorce sucks (I’ll just say it) but that does not mean it has to ruin you financially, destroy any chance of co-parenting in the future or, most importantly, have a negative effect on any child involved.
Certified translations of your divorce paperwork will be useful in order to ensure the smooth operation of anything you need to do if your divorce decree is not in your native tongue.
Avoiding these common mistakes people make during divorce can put you in a position to move on to a healthy emotional and financial space post-divorce.
If you pay child support in the state of Texas and ever consider failing to pay, this article will change your mind.
James Nolletti answers:
When a wealthy spouse makes a lump sum payment to the non-moneyed, it’s paid as what’s called a distributive award. Distributive award has no tax consequences for either party. One of the more useful tools in resolving support related issues is the tax deduction benefit available to a spouse making a stream of maintenance payments […]
The court considers the practical needs and responsibilities of each party moving forward. For example if the parties have young children and the custodial parent cannot re-enter the workforce without additional school or training, the duration of maintenance may exceed guidelines. Conversely if the non-moneyed spouse has the training and ability to work, income may […]
The New York state legislature has created a default formula for courts to use as a guideline when calculating the amount and the duration of spousal maintenance. This statutory formula takes into consideration the incomes of each spouse and the duration of the marriage. Actually there are two different formulas, one for the situation where […]
Yes. Maintenance, spousal support, or alimony all refer to payments made by one spouse to the other either during or after a divorce to assist with their living expenses. In New York State the domestic relations law refers to all monetary support paid by one spouse to the other spouse incident to a divorce as […]
We do advise clients on how to prepare for divorce litigation. If someone is thinking of filing for divorce or if they have learned their spouse may be filing for divorce, the sooner they see us the more we can do to help them prepare for it. In terms of the types of things one […]