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How to Handle Summer Child Custody Issues on Long Island

How to Handle Summer Child Custody Issues on Long Island

The end of the school year on Long Island is around the corner and this can mean new child custody and visitation issues. This is especially true when your divorce attorney neglected to provide for summer arrangements in your custody agreement, perhaps because it was created before the child entered school.

Because legal issues can be daunting and expensive, many families choose to make alternative arrangements themselves until the kids go back to school in the fall. However, this may not be an ideal situation, as it can put you at risk for legal action to be taken against you. Here’s how you should handle summer child custody and visitation issues. (more…)

What Not to Do Before Getting a Divorce on Long Island

What Not to Do Before Getting a Divorce on Long Island

Your actions before your divorce can have a significant impact on the process of dissolving your marriage on Long Island. You could put yourself at a financial disadvantage or make it more difficult for the judge to sympathize with you. Here’s what you shouldn’t do before getting a divorce — and one thing you should. (more…)

Do You Need a Long Island Prenuptial Agreement If You Have No Assets?

Do You Need a Long Island Prenuptial Agreement If You Have No Assets?

Many people on Long Island believe that prenuptial agreements are for affluent or older couples who have prior assets and are entering into marriage. They believe that since they’re young and have few assets, a prenup isn’t for them. However, this isn’t usually the case. Prenuptial agreements can put protections in place for all soon-to-be wed couples, even if they don’t have a lot of money to their name. Here’s what you need to know about Long Island prenuptial agreements and how one can protect your interests, well-to-do or not. (more…)

5 Things Parents Should Ask For in a Long Island Divorce

5 Things Parents Should Ask For in a Long Island Divorce

Knowing how to ask for provisions that your family will need both during the divorce process and after isn’t often easy. If you’re a parent going through the process of divorce, or even if you’re simply considering your options, you may not know where to start. The first step is understanding what you need in the divorce and why you need it. (more…)

How is Alimony Taxed on Long Island?

How is Alimony Taxed on Long Island?

Alimony, also called “spousal maintenance” on Long Island, is a payment usually made from the higher earning spouse to the other to replace a portion of lost income until the lower earning spouse is able to financially support themselves independently. Often, one spouse will give up career opportunities while the other pursues theirs to keep the home and/or take care of children, leaving them at a distinct financial disadvantage in the event of a divorce. Spousal maintenance was originally designed to bridge that gap, and since its inception, many laws have been created to govern how and when alimony is paid and taxed. (more…)

Why You May Need a Forensic Accountant for Your Long Island Divorce

Why You May Need a Forensic Accountant for Your Long Island Divorce

Finances are one of the most common issues in a Long Island divorce, and even more so in a high net worth divorce. You and your soon-to-be-ex-spouse must fully disclose your assets, and if one of you is found hiding assets, you could face serious penalties. Often, one spouse will hire a forensic accountant if they believe their spouse may hide assets to avoid paying as much in the divorce settlement and later in spousal support (alimony)  or child support.

However, whether you believe your spouse has the propensity for dishonesty or not, if there’s a lot of money at stake, a forensic accountant can prove helpful. Here’s what you need to know. (more…)