Archives for Month: July 2024
Can My Spouse Take back a Gift During Our Divorce?
Over the course of your marriage, you and your spouse likely gifted each other many different items for birthdays, holidays and special occasions. When it is time to divide your assets during a divorce, you may want to keep a gift from your former partner, particularly if it has sentimental or monetary value. New York’s...
[ Read More ]New York Child Support Cost of Living Adjustments
Child support is awarded in New York based on the incomes of both parents, and the amount that noncustodial parents pay may be changed from time to time to reflect changing circumstances or increases in the cost of living. Parents attend modification hearings when changes are requested based on their situations, but they do not...
[ Read More ]What Does the Court in New York Consider for Spousal Support?
New York law states that spouses have the responsibility to take care of each other. Spousal support isn’t just for divorced couples. Some married people go to court to obtain spousal support when their spouses aren’t fulfilling their legal duties. In New York, the legal term for financial assistance after divorce is spousal maintenance. It...
[ Read More ]Don’t Overlook These Money Matters During Divorce
Going through a divorce is an emotional roller-coaster, as some New York residents have discovered. Even in amicable divorces there is often tension and negotiating going on, in addition to dealing with the emotions brought up by the process. Because splitting up can be so complicated, it’s important to keep focused and organized when it...
[ Read More ]Child support rules in New York
It is very common for children today to be raised by one parent. A quarter of children under the age of 18 are raised without a father, and 40 percent of children are born to mothers who at the time are single. This means that child support can be an essential part of ensuring that...
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