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The division of assets in a divorce is crucial to the financial futures of the spouses. A fair division of assets is required under New York state equitable distribution law. For many couples, a professional license or practice (think doctor, lawyer, or dentist) or a business is a key asset in...

Recently we talked about how private judges can offer a way to keep your divorce proceeding completely private. When you and your spouse retain a retired judge to act as an arbitrator for your divorce, your case becomes completely private--only the arbitrated settlement submitted to the state court...

Income plays a significant role in divorce proceedings. The parties' incomes are central to determinations about child support and spousal support (alimony). Complete financial disclosure is required as part of the divorce proceedings and this disclosure includes income. The court cannot set child...

Divorce is one of the most difficult things to face in your life. On the Life Change Index that ranks common stressors in life, divorce is the second highest item, falling only beneath the death of a spouse. Managing divorce is challenging for anyone, but it becomes particularly onerous when one or...

You have specific goals for your divorce, and you must have a lawyer who is prepared to achieve your objectives and will fight vigorously to attain them. You have one case and one opportunity to convince the court that your position is the correct one. If you aren't pleased with how your attorney...

How your marital assets are divided in your divorce hinges on many things, but the first and most important issue is where you live. Each state has its own laws about divorce. States fall into two groups when it comes to property division laws: community property states and equitable distribution...

Music star Dr. Dre's 24-year marriage is ending in divorce. His wife Nicole Young, age 50, has filed for divorce in Los Angeles County Superior Court via her celebrity attorney Samantha Spector. Dr. Dre, age 55, whose given name is Andre Young, is best known for being a member of N.W.A. and having...

Your divorce involves a significant amount of asset transfers. New York state uses the doctrine of equitable distribution to determine how assets will be shared in a divorce. Property is distributed in a way that is fair but not necessarily an equal split. When property is distributed in divorce,...

It is increasingly common for couples to cohabit without marriage paperwork. You can share a household, finances, real property, debt, assets, and children without getting a marriage license. However, when your relationship ends, dissolving the ties that bind you can be more complicated simply...

Once your divorce judgment is issued your marriage is legally over. However, there are still important steps to take to realign your life with your new status and set yourself up for success.
Here are 11 areas to take immediate action for your new life:
Estate Planning
As...