For many Long Islanders, retirement benefits weigh heavily on their mind when going through a divorce. Long Island is an expensive place to live when you are in a two-income household, and the thought of attempting to afford it on your own after retirement can be daunting. In order to prepare yourself for post-divorce life, it’s important to understand the impact your Long Island Divorce will have on certain retirement benefits. (more…)
For many clients getting a divorce on Long Island, one of the most important issues is the division of property. It’s important to recognize that in New York, property is divided equitably, not equally. Although the words sound similar, they can lead to incredibly different results in your Long Island Divorce. (more…)
Divorce often becomes overwhelming quickly. People going through a divorce on Long Island are dealing with financial, legal and personal decisions that seem to never end. Naturally, this is a very emotional time for everyone involved, which inevitably leads to difficulty seeing that there is a light at the end of the tunnel and that your divorce will not go on forever. The ultimate key to reducing the stress, length and expense of your divorce is communication. For many spouses, communication can either be the downfall or the saving grace of their divorce. Clear, open and honest communication can really save you time, money and aggravation. Below are four tips for improving communication during your Long Island Divorce. (more…)
For many Long Islanders, taxes are a sizable factor when considering their yearly budget. As we are all aware, living on Long Island is not inexpensive. As you progress through your divorce, it’s important to understand how your taxes will be affected. Ensuring you understand the repercussions of certain decisions made during your divorce will help you maintain a healthy post-divorce financial life. While it is well understood that a divorce changes your overall financial situation, the specific aspect of its impact on your taxes can sometimes goes unnoticed. (more…)
Unfortunately for some, your Long Island Divorce can bring out the worst in your soon-to-be ex-spouse. Whether you begin your divorce amicable or contested, we always advise our clients to protect their credit before, during and after their divorce. We have been witness to many horror stories in which an upset spouse wracks up debt in the other spouse’s name. (more…)
Long Island Child Support Agreements have been trending toward inclusion of college tuition and expenses. For many Long Islanders, college can figure greatly into child support agreements. Many parents want to ensure that their children’s education is provided for, regardless of the relationship between the parents.