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What is a Statement of Net Worth in Long Island Divorce?

What is a Statement of Net Worth in Long Island Divorce?

One of the most important documents your divorce attorney will request from you and your spouse in the preparation of your Long Island divorce is known as a Statement of Net Worth (SNW). While this is a detailed document that can seem intimidating at first, it is critical for both your attorney and the court to have an accurate picture of your financial situation to effectively represent you and protect your interests in your divorce. (more…)

Equitable Distribution is Not Equal Distribution in Long Island Divorce

Equitable Distribution is Not Equal Distribution in Long Island Divorce

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…)

Tips to Protect Your Credit During Divorce on Long Island

Tips to Protect Your Credit During Divorce on Long Island

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…)

Penalty for Violation of Automatic Orders on Long Island

Penalty for Violation of Automatic Orders on Long Island

In every divorce on Long Island, when the summons and complaint are served upon the defendant there are matrimonial Automatic Orders included. The basic premise behind these orders is to maintain the status quo during the pendency of a divorce. Both parties are bound by the Automatic Orders and must refrain from transferring or encumbering real and personal property and retirement funds, the accumulation of unreasonable debt, and changes in beneficiaries on existing health and life insurance policies. (more…)

Common Issues of Contention During Your Long Island Divorce

Common Issues of Contention During Your Long Island Divorce

As experienced Long Island divorce attorneys, we often see how Uncontested divorces become highly Contested divorces over the same issues. These issues often become so heated that they often seem insurmountable obstacles to obtaining your Final Judgment of Divorce. Below are some of the most common issues that cause parties the most stress.

Child Support, Child Custody & Visitation (more…)

Prenuptial Agreements Aren’t Always Valid & Enforceable on Long Island

Prenuptial Agreements Aren’t Always Valid & Enforceable on Long Island

Validity of Prenuptial Agreement after Recent New York Appellate Division Case

For many couples on Long Island, having a Prenuptial Agreement drawn up before their marriage is a basic assumption of their relationship. Prenuptial agreements are an attempt, prior to marriage, to arrange the consequences of marriage and/or its dissolution. Prenuptial agreements can include terms of maintenance, ownership and division of property, as well as testamentary provisions. However, for the prenuptial agreement to stand up in court post-marriage and dictate the terms of dissolution, it must be found valid.

General Validity of Prenuptial Agreements (more…)