Buffalo Family Law Blog
Issues unique to a high net worth divorce in New York
A married couple with substantial assets may face more difficulties when divorce. The division of property under New York laws may find a couple fighting and the process contentious. While almost every kind of divorce faces challenges, those involving high assets may...
Collaboration, mediation: taking control of a post-divorce life
Divorce litigation is fundamentally adversarial, pitting one spouse against the other in a process that leaves the outcome to state law and the court's discretion. In addition to creating emotional and financial anxiety for both ex-partners, contentious court disputes...
Why 61% of divorced women wish they hired financial advisors
Planning for your financial future may look quite different after a divorce, but you have certain financial goals you wish to achieve as you move forward with your life. While few women hire financial advisors to help them during their divorces (often because they do...
Considerations for small business owners during divorce
Marriage is the union of two lives. If you are a business owner, marriage can also be the union of two owners. When times are good, this may not be a concern; however, life can easily change. Divorce is common. Marriages often end due to spousal disagreements,...
What happens to intellectual property during a divorce?
From photographs to letters, virtually everyone creates some type of intellectual property during a marriage. While some mementos are purely sentimental, other works may have significant financial value on the open market. If you are a scientist, artist, inventor or...
Property division in New York divorce
Whether you married your spouse decades ago and amassed significant property together or you each entered the marriage with assets, divorce brings serious property division concerns. New York follows the equitable division standard, so divorcing couples must split...
Protect your business during your divorce
When one spouse owns a business, the other spouse may contribute in many ways. They may be an active supporter behind the scenes. A divorce that tears your marriage apart threatens your business, too. Plan before your personal life falls apart to preserve your...
Calculating maintenance payments in New York
Aside from dividing any marital property or assets, another financial consideration that many couples face is the subject of maintenance or spousal support. Spousal support, which dictates an amount of money one spouse must pay to the other during the marriage, can...
Two ways to protect your trust fund in a divorce
No one ever expects to get divorced when they get married, but it happens to people every day in New York. A divorce may be something that blindsides you, not allowing you a chance to even prepare. It may also be something you feel strongly that you need to do....