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Long Island Divorce & Retirement Accounts — Who Gets Paid?

Long Island Divorce & Retirement Accounts — Who Gets Paid?

Divorce can impact you financially, including your retirement accounts. For most people on Long Island, planning for retirement is largely guesswork. Although you’re putting part of your income in savings accounts and investments to provide for your future expenses when you no longer can or want to work, there are a lot of things that are up in the air. For example, you don’t know how inflation will affect the value of your retirement funds and how much cost of living will increase on Long Island. Even so, you save because it’s important to try to plan ahead as much as you can. (more…)

Disclosing Your Finances in a Long Island Divorce

Disclosing Your Finances in a Long Island Divorce

In a divorce on Long Island, you must disclose, or make known, your complete financial information if your case involves child support, spousal support, or other maintenance. New York State Domestic Relations Law §236 makes it mandatory for both spouses to bring forward their information so the financial situation of each spouse can be accurately represented. Even if your divorce is uncontested, you’ll still need to completely disclose your finances. (more…)

5 Ways to Get a Fair Divorce Settlement on Long Island

5 Ways to Get a Fair Divorce Settlement on Long Island

When you’re heading into a Long Island divorce, it’s natural to feel apprehensive and unsure of what you should do next. You’re in unfamiliar territory, which can be made harder if your spouse is being difficult or is unwilling to compromise. You may be worried that you won’t get a fair divorce settlement and you’ll be left with little to nothing to start your new life with. Here are 5 effective strategies to help you present your best case for a settlement that you and your lawyer decide is appropriate. (more…)

5 Reasons Long Island Prenuptial and Postnuptial Agreements Could Be Found Unenforceable

5 Reasons Long Island Prenuptial and Postnuptial Agreements Could Be Found Unenforceable

Traditionally, a premarital agreement (prenup) is signed by both parties before the wedding. A postnuptial agreement (postnup) is similar, however, it takes place after the wedding. These agreements are designed to protect the assets of each individual entering the marriage and provide a guide as to how property should be allocated and if alimony or spousal support will be paid and under what conditions, among other things. However, a prenup or postnup needs to be valid to be enforceable on Long Island. Here are 5 reasons your prenup or postnup could be found unenforceable. (more…)

Do I Need Legal Separation Before I Get a Divorce On Long Island?

Do I Need Legal Separation Before I Get a Divorce On Long Island?

Legal separation on Long Island is an excellent tool that couples facing marital challenges can use to determine if they would benefit from ending their marriage. It’s less expensive than filing for divorce and is a good first step. But do you have to have a legal separation before you get a divorce? Or can you go straight to court, do not pass go, do not collect $200? (more…)

How to Prepare Your Family for Long Island Divorce Litigation

How to Prepare Your Family for Long Island Divorce Litigation

No couple on Long Island truly wants to go through divorce litigation, but sometimes it’s necessary to protect your best interests and the best interests of your children. You might have heard stories of other divorced couples who had a contested divorce and went through litigation, and it’s unlikely they made you feel at ease. Litigation can be challenging, yes, but it gets a bad reputation. If you come into it with the right attitude and the right expectations, you can come away from it with a resolution you can be satisfied with. Here’s how you can prepare your family (and yourself) for a litigious divorce. (more…)