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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…)

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…)

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…)