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July 2013 Archives

Divorce and retirement accounts

In recent years, there has been a shift in the age at which many individuals choose to marry. In New York City, many career-driven residents tend to marry later in life. These individuals typically bring more personal assets and wealth to a marriage. In cases where a couple subsequently decides to divorce, the division of assets can be complex and contentious.

Michael Moore files for divorce from wife of 21 years

Filmmaker Michael Moore first gained national attention and recognition with his 1989 documentary film Roger & Me. Chronicling the impact of the closing of a General Motor's plant in Flint, Michigan, Moore went on to win awards and acclaim for other controversial films including Bowling for Columbine and SiCKO. Most recently, however, Moore made headlines for a very different reason as he filed for divorce from his wife of 21 years.

Dwayne Wade and ex reach divorce settlement

Roughly three years since being officially divorced, a divorce settlement has finally been reached between NBA star Dwayne Wade and ex-wife Siohvaughn Funches. In recent years, the couple have made headlines as they've been embroiled in bitter and public disputes related to financial matters and custody of their two children.

New York divorce and real property: there's more to this story

When deciding how to divide the marital property during the divorce, there are some assets that while emotionally may be hard to part with are a little easier in application to split. For instance, a couple may argue over the expensive china or the antique table, but once a decision is made the property goes with the spouse.

Postnuptial agreements good option to solve marital strife

There's a saying that money can't buy you love. While definitely true, there is no doubt that for millions of married couples, money is a major source of marital conflict. In an effort to alleviate much of the stress and concern associated with financial matters, a growing number of American couples are choosing to draft both prenuptial agreements as well as postnuptial agreements.

Wade's ex-wife sues him, sponsors to uphold payment agreement

When it comes to a high asset divorce here in New York or, really, anywhere in the country, the spouses who are splitting need to be prepared for a complicated process. This does not mean that the spouses will be or are upset with each other (though that is an inherent quality of divorce); it is merely something to realize and expect. A high asset divorce deals with lots of money; valuable property and assets; and numerous other financial entities that both spouses want a slice of.

Poll shows increase in infidelity among married women

Couples choose to divorce for a variety of reasons. Spouses grow apart, have differing opinions on important life matters or develop dependence and addiction issues. Many marriages also end due to the infidelity of one or both spouses. While men have historically been more likely to cheat, a new poll indicates a growing number of married women are also engaging in acts of infidelity.

Lack of prenuptial agreement key factor in billionaire divorce

While any divorce can be complex and contentious, those involving couples of considerable wealth are often more so. In recent months, the divorce of oil billionaire Harold Hamm and his second wife Sue Ann has gripped the attention of many New Yorkers. With the absence of a prenuptial agreement and an estimated net worth of $11 billion dollars, the Hamm's divorce may yield the largest U.S. divorce settlement in history. 

Study suggests children under age five most impacted by divorce

When a couple makes the decision to divorce, there are a number of factors that must be sorted out and taken into consideration. For couples with shared children, divorce brings with it many challenges. Not only must the parents deal with the emotional and financial fallout of the divorce, but both must also figure out how to talk about and explain issues related to the divorce with their children.

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