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While going through a divorce, you will have a lot of things to watch and do. Make certain that you don’t lose track of your own privacy with so much going on. Your spouse could be trying to take advantage of your busy...
Category: Financial Issues of Divorce
When handling divorce cases, the division of marital assets is a common problem that needs a resolution. New York is an equitable distribution state, which means a marital asset is any right or entitlement accumulated by...
Identifying and valuing assets in a divorce is typically a straightforward process; however, some spouses prepare for divorce proceedings by “hiding” assets. What are hidden assets, how are they discovered, and are they...
The new tax law will have a significant impact on couples who plan on getting a divorce in the near future, eliminating the federal tax deductibility of alimony (or maintenance, as it’s referred to in New York) payments on...
Wisselman, Harounian & Associates Attorney Lloyd C. Rosen recently presented at the 14th Annual Nassau/Suffolk Chapter of NCCPAP/IRS Long Island Tax Professionals Symposium on Wednesday, November 16, 2016 at the Crest...
After five years of effort, significant changes in calculating pre-and post-judgment spousal maintenance payments in New York will take effect in late October. New York Governor Andrew Cuomo has just signed a new maintenance...
What do you get when you fill a room with a group of moms in various stages of divorce, professionals who genuinely care, great food, and a wonderful wine tasting selection? A successful evening where everyone goes home...
Several recent changes in family law affect the outcomes that clients can expect in their matrimonial matters. The recent changes affect both custody and financial aspects of divorce. On the issue of custody, there is a...
To scratch or not to scratch, that is the question. At least it should be when you are in the midst of, or contemplating divorce. The question posed in legal terms is “Are lottery winnings a marital asset subject to...
In a recent interview by moneycapsules.com, I describe some of the common financial mistakes and emotional issues that arise while going through a divorce. Click the link to listen to the podcast and learn how to tackle these...
