At the end of September 2019, Governor Andrew Cuomo and his longtime girlfriend, Sandra Lee, announced they were calling it quits. News of the breakup came on the heels of the couple's decision to sell their jointly-owned $2 million estate in New Castle, New York. While high-profile splits are always fodder in gossip columns and on social media, the Cuomo matter is instructive to unmarried couples who live together.
Prenuptial agreements have become quite popular over the last few years. They help to set expectations from the beginning, and can aid in a smoother process, should a divorce occur.
Most children expect their parents to be in love forever. They want their family intact. Sadly, this isn't always in line with reality. Sometimes, as couples grow in their personal and professional lives, separation can be inevitable. People grow apart and that is a sad reality.
Divorcing the person that you thought you would spend the rest of your life together can prove highly emotional. However, once you remove your emotions from the equation, you need to work through untangling your assets and debts so you can move forward with your own life. While you may be able to divide some assets, such as, say, your home equity, without too much trouble, figuring out what to do with others, such as a shared family pet, can prove far more difficult.
Living with addiction is never easy, especially when it is your spouse. When alcohol or drugs take hold, your partner can seem like a stranger whose actions you fear.
If you are like most New Yorkers, you probably spend a good deal of time on Facebook and other social media platforms keeping up with your family and friends. If, however, a divorce looms in your future, now would be a good time to limit what you post online. Why? Because your posts could come back to haunt you in court.
When your marriage looks like it's coming to an end, there are a variety of issues to consider--property division, child custody, support payments and more. These issues can be overwhelming and often come down to a common factor--money.
You may have breathed a sigh of relief if you were among those who finalized their divorce in 2018 before the new tax laws went into effect.
Divorcing your spouse brings with it certain inevitable changes, and one of those changes relates to the manner in which you file your taxes. The government taxes married couples differently from single filers. How you file your taxes will change upon the completion of a divorce.
There are many suggested steps to take after a divorce to ensure your new life goes smoothly. These steps include changing a last name back to a maiden name (optional), opening new bank accounts or finding a new place to live. Other items include reviewing various accounts to ensure who the beneficiaries are and ensuring that they are updated. Those accounts include: