What is a “Statement of Net Worth” and What Role Does It Play in a New York...
When it comes to finances in a New York divorce, you have to lay all of your cards out on the table. Full disclosure is the name of the game. As a foundation to resolving the issues of equitable...
View ArticleMore Money, More Problems: 3 Big High Net Worth Divorce Mistakes
The stakes are high in any divorce. During a divorce, decisions are made that will affect the course of the rest of your life emotionally, practically, and financially. The stakes are even greater –...
View ArticleSpousal Maintenance and the “Tax Man”
Divorce sometimes has its bittersweet moments. That certainly applies to payments of spousal maintenance for both the payer and the recipient because of the tax implications. For the party making...
View ArticleCan a Husband Be Ordered to Pay More Maintenance or Child Support for...
As part of a divorce in New York, a party must remove all religious barriers to the other parties’ remarriage before a civil divorce is granted. This requirement was enacted to require Jewish men to...
View ArticleTax Bill To Make Divorce More Expensive: Maintenance Not Tax Deductible
Hard to believe, divorce in New York may get even more expensive. The tax bill proposed in the House of Representatives, last week, seeks to eliminate the deduction for alimony payments. The new tax...
View ArticleNew York Maintenance and The Tax Reform Bill: Alimony Will Not Be Deductible...
The clock is ticking; 2018 will be the last year maintenance in New York (alimony virtually everywhere else will be deductible. The recently enacted tax bill eliminates the tax deduction for the...
View ArticleWives in New York Paying Maintenance and Child Support
The times they are a changing. It is now increasingly common to hear ex-wives complain about the amount of spousal maintenance and child support they are paying to the ex-husbands. For years, men were...
View ArticleYour Pre-Nup May Be A Ticking Time Bomb
Your New York pre-nup may be a ticking time bomb. Because of last year’s changes to the tax law, a divorce could be much more costly than you bargained for in your prenuptial agreement. The good news...
View ArticleHow Can I Reduce My Maintenance Payments: Should I Pre-Pay Maintenance?
A client recently asked me an interesting question. The client wanted to know if he should pre-pay his spousal maintenance, giving his wife a large cash payment upfront, or should he pay the...
View ArticleHow To Complete the Net Worth Statement in Your Divorce
If there is a single most important document in connection with your divorce, it would be the statement of net worth. So what is it, and how do you fill it out? A net worth statement is a document...
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