How to Build Wealth After a Long Island Divorce

How to Build Wealth After a Long Island Divorce

How to Build Wealth After a Long Island Divorce

If you’re going through a divorce, you should know that it’s important to take care of your finances now so that you can start fresh and build wealth for your future. Below, we discuss some key financial considerations for those who are dissolving their marriages, like budgeting, investing, and insurance so that you can make the most of your money after a divorce.

By following these tips, you can set yourself up for a bright financial future despite an unfortunate turn in your personal life.

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The Importance of a Solid Financial Foundation When Getting a Divorce in NY

If you have little to no savings when getting a divorce, it’s important to start building a solid financial foundation as soon as possible. Take a good look at where your money is currently going to see where you may be able to cut back on expenses. If possible, you may have to try to increase your income by working overtime or getting a second job.

It’s also crucial to start building an emergency fund. This will help you cover unexpected expenses that come up during the divorce, like court fees or doctor’s appointments if you’re no longer on your spouse’s insurance. Start by saving as much as you can, even if it’s just a few dollars. Eventually, this figure will grow so long as you’re replacing what you take out for emergencies over time.

Determining Your Post-Divorce Budget

Take a close look at your budget. If you are used to living on a dual income, you probably need to find ways to cut expenses and increase your income. Start by making a list of all your expenses, like mortgage or rent, car payment, insurance, etc., and variable expenses like groceries, gas, and entertainment.

Then, look for ways to reduce your costs. Can you get a cheaper cell phone plan or cut back dining out? You can also try shopping around for better car insurance rates and use coupons on groceries. This can be difficult to sustain though, so you should also think about ways you can increase your income if possible.

Consider getting a higher-paying job or taking on a freelance opportunity or side hustle if you can, or negotiate a higher salary with your employer at work. Just be sure to account for the increased cost of child support or alimony if applicable.

Investing for Your Future After Divorce

Investing is one of the most important things you can do to build wealth after a divorce. While there are many different ways to invest, one of the best ways to ensure your long-term success is to diversify your portfolio.

Diversification simply means investing in a variety of different asset classes, such as stocks, bonds, and real estate. By dispersing your funds across multiple types of assets, you can reduce your risk of loss as opposed to investing everything into one kind of asset that may do poorly and leave you with little to nothing.

There are many different ways to build a diversified portfolio. One way to do this is by purchasing a relatively equal mix of stocks and bonds, or fewer bonds and more stocks if you want to take more risk or the reverse if you prefer to make safer investments.

This approach can offer you the potential for growth through stocks while providing some stability through bonds. Another way to diversify your portfolio is to invest in a variety of different types of stocks, such as large-cap, small-cap, and international stocks. This approach can help you to minimize your risk while still providing you with the opportunity to capture returns from different parts of the market.

No matter how you choose to diversify your portfolio, the key is to start investing early and often. And by investing regularly, you can take advantage of dollar-cost averaging, which helps smooth out market fluctuations over time.

How a Capable Long Island, NY Divorce Lawyer Can Help You

The divorce process can be a difficult and stressful time for everyone involved. One of the biggest concerns during and after a divorce is finances. With careful planning and execution, you can rebuild your financial foundation and create lasting wealth. You should also consider estate planning when considering your financial future.

At Hornberger Verbitsky, P.C., we have worked with countless clients who are going through a divorce and understand the financial challenges and stresses that come with this process. Our team of divorce lawyers will work with you to ensure that you get the best possible outcome for your divorce, both financially and emotionally. Call us today to schedule a consultation at 631-923-1910 or fill out the short form on this page.

GET YOUR FREE CONSULTATION TODAY
Call 631-923-1910 or fill in the form below

Horberger Verbitsky, P.C. partners Robert E. Hornberger, Esq. and Christine M. Verbitsky, Esq.

Horberger Verbitsky, P.C. partners Robert E. Hornberger, Esq. and Christine M. Verbitsky, Esq.

Get your complimentary consultation and case evaluation with our experienced attorneys today.

Your attorney will describe the many options available and determine together which is the right solution for you. By the end of this  conversation, we’ll all understand how we can best help you to move forward.

No Cost or Obligation

There is no cost or obligation for this initial consultation. It is simply an opportunity for us to get to know each other, answer your questions and learn if Hornberger Verbitsky, P.C. is right the right law firm for you. Give us a call at 631-923-1910 or fill in the short form below for your free consultation and case evaluation.

All Fields Are Required

About the Author

Robert E. Hornberger, Esq., Founding Partner, Hornberger Verbitsky, P.C.

  • Over 20 years practicing matrimonial law
  • Over 1,000 cases successfully resolved
  • Founder and Partner of Hornberger Verbitsky, P.C.
  • Experienced and compassionate Long Island Divorce Attorney, Family Law Attorney, and Divorce Mediator
  • Licensed to practice law in the State of New York
  • New York State Bar Association member
  • Nassau County Bar Association member
  • Suffolk County Bar Association member
  • “Super Lawyer” Metro Rising Star
  • Nominated Best of Long Island Divorce Attorney four consecutive years
  • Alternative Dispute Resolution Committee Contributor
  • Collaborative Law Association of New York – Former Director
  • Martindale Hubbell Distinguished Designation
  • America’s Most Honored Professionals – Top 5%
  • Lead Counsel Rated – Divorce Law
  • American Institute of Family Law Attorneys 10 Best
  • International Academy of Collaborative Professionals
  • Graduate of Hofstra University School of Law
  • Double Bachelor’s degrees in Philosophy, Politics & Law and History from SUNY Binghamton University

RECOGNIZED FOR EXCELLENCE BY:

10 Best Family Lawyers, American Institute of Family Law Attorneys
Avvo rating 10.0
Super Lawyer Rising Stars
AVVO Client Reviews
Lead Counsel Rated Attorney
Avvo Client Choice Award Winner
Lead Counsel Rated Attorney
Martindale Hubbel Distinguished
Google Review of divorce longisland

Successful Divorce Strategies Free eBook
Child Support & Spousal Maintenance Tools
Spousal Maintenance Calculator
Child Support Calculator
Hornberger Verbitsky, P.C. respects your right to privacy. We will never sell your information to any third party. Follow this link to read our full privacy policy.

How Attachment Styles Impact Your Long Island, NY Divorce

How Attachment Styles Impact Your Long Island, NY Divorce

How Attachment Styles Impact Your Long Island, NY Divorce

When considering a divorce, it’s important to understand how your own personal “attachment style” can impact your relationships with everyone involved in the process, including your  spouse and your lawyer. Attachment styles are formed in early childhood and influence your relationships throughout your entire life. In a Long Island, NY divorce, your attachment style affects the way you interact with your spouse, communicate with your lawyer, and approach conflict resolution.

According to psychologists, most people have one of three different attachment styles — Anxious, Secure, or Avoidant. People with a secure attachment style tend to be more trusting and intimate in their relationships. Those with an anxious attachment style often feel insecure and clingy, while those with an avoidant attachment style may have difficulty forming close attachments.

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How your attachment style manifests itself during a divorce can vary depending on the specific situation. However, understanding your own attachment style can help you be prepared for and adjust to the unique challenges that may arise during the divorce process.

The 3 Different Attachment Styles

#1. Secure Attachment

The secure attachment style is characterized by a sense of trust and security in relationships. Individuals with a secure attachment style tend to feel comfortable with intimacy and are able to express their emotions openly. They typically have positive views of themselves and their partners, and they are usually able to weather the ups and downs of relationships.

#2. Anxious Attachment Style

Anxious attachment is characterized by a fear of abandonment or rejection. Individuals with this attachment style may feel insecure in their relationships and may have difficulty trusting their partners. They may also experience anxiety about being separated from their loved ones, and they may be clingy or needy in relationships.

#3. Avoidant Attachment Style

Avoidant attachment is characterized by the avoidance of intimacy and close relationships. Individuals with an avoidant attachment style often view themselves as independent and self-sufficient, and they may have difficulty trusting or getting close to others. They may also keep their emotions bottled up, which can make it difficult for them to connect with others on a deeper level.

How Your Attachment Style Can Impact Your Long Island Divorce

Because individuals with secure attachment styles are more likely to feel confident and secure in themselves, this can be very positive during a difficult divorce process. While these people may still experience some sadness and anxiety during their divorce, they are more likely to handle it in a healthy way. They are also more likely to communicate openly with their ex-partner and work together to reach a fair agreement.

Those with an anxious attachment style, may find the divorce process especially challenging. They tend to be more clingy and dependent in your relationships, which can make it hard to let go. They may also struggle with trust issues, which can make it difficult to communicate with their ex-partner during the divorce process. Changes to child custody arrangements or financial instability that are brought on by a divorce may be particularly difficult for them.

People with avoidant attachment styles tend to be more independent and self-reliant in relationships. They are more likely to have difficulty trusting others and may find it hard to open up emotionally. This can make the divorce process harder for them, since they may not want to rely on anyone for support. They may also find it difficult to communicate with their ex-partner about important decisions like child custody or financial arrangements.

Regardless of which attachment style you have, understanding its strengths and weaknesses and how it impacts your relationships can help you get through your divorce with less mess, less time, and less money. For example, if you know you have an anxious attachment style, you can put extra support measures in place before you announce your interest in separating. Or, people with avoidant attachment styles can make notes to check in with important people like their divorce attorney.

Should You Call a Long Island, NY Divorce Lawyer?

If you’re going through a divorce on Long Island, NY, it’s important to understand how your attachment style can impact the process. If you have any questions or need help navigating the issue of divorce, Hornberger Verbitsky, P.C. can help. We have extensive experience representing clients in divorce and other family legal cases and have the skills and expertise necessary to offer you comprehensive legal advocacy that you can rely on.

Reach out to us today to schedule a consultation to learn more or to get started by dialing 631-923-1910 or fill out the short form on this page. Our team of legal professionals are available now to take your call.

GET YOUR FREE CONSULTATION TODAY
Call 631-923-1910 or fill in the form below

Horberger Verbitsky, P.C. partners Robert E. Hornberger, Esq. and Christine M. Verbitsky, Esq.

Horberger Verbitsky, P.C. partners Robert E. Hornberger, Esq. and Christine M. Verbitsky, Esq.

Get your complimentary consultation and case evaluation with our experienced attorneys today.

Your attorney will describe the many options available and determine together which is the right solution for you. By the end of this  conversation, we’ll all understand how we can best help you to move forward.

No Cost or Obligation

There is no cost or obligation for this initial consultation. It is simply an opportunity for us to get to know each other, answer your questions and learn if Hornberger Verbitsky, P.C. is right the right law firm for you. Give us a call at 631-923-1910 or fill in the short form below for your free consultation and case evaluation.

All Fields Are Required

RECOGNIZED FOR EXCELLENCE BY:

10 Best Family Lawyers, American Institute of Family Law Attorneys
Avvo rating 10.0
Super Lawyer Rising Stars
AVVO Client Reviews
Lead Counsel Rated Attorney
Avvo Client Choice Award Winner
Lead Counsel Rated Attorney
Martindale Hubbel Distinguished
Google Review of divorce longisland

Successful Divorce Strategies Free eBook
Child Support & Spousal Maintenance Tools
Spousal Maintenance Calculator
Child Support Calculator
Hornberger Verbitsky, P.C. respects your right to privacy. We will never sell your information to any third party. Follow this link to read our full privacy policy.

How Student Loan Forgiveness Will Impact Divorced People

How Student Loan Forgiveness Will Impact Divorced People

How Student Loan Forgiveness Will Impact Divorced People

Divvying up debt in a Long Island divorce can be tricky, especially when there are consolidated student loans involved. The Biden administration recently passed the Joint Consolidation Loan Separation Act, which allows divorced couples who consolidated their student loans to again separate them and resolve them individually.

Students may also apply for loan forgiveness through the Biden-Harris Administration’s Student Debt Relief Plan, which may eliminate some or all of the money owed. Here’s what to know about the new student loan forgiveness program and how to navigate getting a divorce when you co-own debt with your ex.

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How to Survive Financially After a Long Island, NY Divorce

How to Survive Financially After a Long Island, NY Divorce

How to Survive Financially After a Long Island, NY Divorce

One of the biggest challenges of getting divorced is handling the financial aspect of it. If you’re not the primary wage earner in your family, ending your marriage may also mean giving up your main source of income. If you are the primary wage earner, you may be worried about how you’re going to be able to pay child support, spousal support and likely new accommodations.

It’s normal to be worried about how you will survive financially as you go through the process of dissolving your marriage. Here are some tips for how to make ends meet during and after your divorce and how a Long Island family lawyer can help.

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How to Ask Your Spouse for a Divorce in NY

How to Ask Your Spouse for a Divorce in NY

How to Ask Your Spouse for a Divorce in NY

How to Ask Your Spouse for a Divorce in NY

Deciding to get a divorce from your spouse and actually telling them you want to split up are two very different things. While it’s rarely easy to determine it’s best to call it quits on your marriage, telling your spouse will likely be a very difficult conversation. Your circumstances may also dictate when and how you reveal the intent to dissolve your marriage to your spouse. Here are some ways you can break the news and how an experienced divorce attorney can help you.

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When to Tell Your Spouse You Want a Divorce in NY

When to Tell Your Spouse You Want a Divorce in NY

When to Tell Your Spouse You Want a Divorce in NY

When to Tell Your Spouse You Want a Divorce in NY

Deciding you want to get a divorce is only the first part of the process of ending your marriage. A decision of this magnitude should not be taken lightly and should not be “sprung” on your spouse without careful consideration. Announcing to your spouse that you want to divorce doesn’t necessarily have to come immediately. In some cases, it’s more beneficial to wait until you consider all the possible ramifications. Here’s why.

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How Can I Stop My Spouse Spying on Me in My Divorce?

How Can I Stop My Spouse Spying on Me in My Divorce?

How Can I Stop My Spouse Spying on Me In Our Divorce?

How Can I Stop My Spouse Spying on Me in My Divorce?

It’s frighteningly common for unscrupulous exes to attempt to spy on their spouses during the divorce process and even after their divorces are final. The reasons for this behavior are many and may include trying to obtain evidence they can use to stop you from getting alimony or to prove to the court that you are an unfit parent and they should be awarded custody. In some cases, it’s simply a control issue.

In New York, it’s against the law to record audio, but video is fair game, which means there’s nothing stopping your ex from watching you or recording you until it becomes criminal stalking. Here are some actions you can take to discourage or stop your spouse from surveilling you and how a veteran Long Island divorce lawyer can help protect you and your family.

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The 7 Basic Steps of a Long Island, NY Divorce

The 7 Basic Steps of a Long Island, NY Divorce

The 7 Basic Steps of a Long Island, NY Divorce

The 7 Basic Steps of a Long Island, NY Divorce

There are seven basic steps every couple going through a divorce on Long Island, NY experiences. Knowing what to expect can help you prepare and understand that what you are experiencing is normal and not cause for alarm. This can help you navigate your divorce with a clear head and prepare you for your future ahead. Learn about the seven basic steps of getting a divorce and find out how to get help from an experienced Long Island divorce lawyer today.

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What Happens When My Ex-Spouse Remarries in NY?

What Happens When My Ex-Spouse Remarries in NY?

What Happens When My Ex-Spouse Remarries in NY?

What Happens When My Ex-Spouse Remarries in NY?

After your New York divorce is settled, you will surely as though a burden as been lifted off of your shoulders. You may be relieved to believe that you no longer have to deal with your spouse or communicate with them on a regular basis. However, if you are paying spousal support or you and your spouse share custody of your children, you are likely going to have to communicate with them consistently in some manner for some time. If they get remarried though, that could change. Here’s what you should know and how an experienced Long Island divorce attorney can help you.

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How Long Island Divorce Can Be Hardest on Men

How Long Island Divorce Can Be Hardest on Men

How Long Island Divorce Can Be Hardest on Men

 

How Long Island Divorce Can Be Hardest on Men

No matter what side of the fence you are on, getting a divorce is difficult at best. The process can be frustrating, time-consuming, emotional and lonely for both parties. But contrary to popular belief, divorce may be more challenging for men in the relationship than women. Women often have more support around them during and after a divorce, while men frequently travel the path alone.

Men tend to struggle more with the end of their marriage than women do, aside from circumstances involving alimony or spousal support. They are often lonelier, more depressed, and struggle more with finding value in single life. Here’s why and how to get help from a veteran Long Island divorce attorney.

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