Generally speaking, if you receive an inheritance, that money belongs to you. If you get divorced, you can claim that it is separate property that your parents never intended to leave to your spouse, so it needs to stay within the family. However, there is one way...
In 2018, researchers polled 1,785 women, at least 22% of whom were 55 years of age or older. Their intention in doing so was to gain a better perspective about the impact divorce can have on a woman's financial future. At least 46% of study respondents admitted that...
Your spouse asks for a divorce. You don’t have children, so you immediately begin asking questions about how they want to divide assets. That’s when your spouse smirks and shows you the prenup you signed before the wedding. You completely forgot that they wrote it up...
Realistically, families have to start planning for college as soon as they decide to add new family members. College costs have increased to a point where a child planning to attend can no longer reasonably expect to cover their own tuition just by working while...
Divorce affects every member of a family, including those who aren't even human. Pets or companion animals have no say over what occurs in a divorce, unlike children. In fact, the New York family courts treat companion animals as personal property rather than part of...
The divorce process can be exhausting when dealing with finances. Financial assets can be a major cause of contention for divorcing couples, even more so if there are significant assets. When couples who have been married for several years split, their assets may not...
While spousal maintenance is not mandatory in every divorce settlement, the court may consider awarding alimony if they establish a significant gap in one of the party’s finances or earning capacity following a divorce. When spousal support is awarded, the payments...
One of the most challenging things to accept as a divorcing parent is that you might not see your child as much as you want. Yet, that is not a bad thing. Your child needs to see both you and their other parent after the divorce. While they might be your only child,...
Family law judges used to give one parent significantly more custody than the other because that's what child psychologists said was best for raising children after divorce. Now judges typically prefer a joint custody schedule where both parents share equal amounts of...
For many people, there are two things they’re concerned about when facing divorce: the children and their home. They want to make sure they can still see the kids and they do not want to lose the home where those kids feel most comfortable. It is true that the courts...
