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What you should know about New York divorce and alimony in 2016

With the imminent approach of 2016, many New York couples experiencing difficulties may begin to contemplate divorce more seriously. After all, it is a time for new resolutions and thoughts of the year to come. Christmas has come and gone, freeing up the mind to focus on the future and divorce is sometimes one of the things couples in trouble begin to consider.

Divorce is difficult to think about any time of the year, causing some people to put the matter off for as long as possible. However, changes in New York divorce laws could mean financial hardships for those who choose to wait. On Jan. 23 one such law will impose severe limitations to the amount of spousal support available in a divorce.

Specifically, the change will reduce the salary cap courts use to calculate spousal support. The cap will drop next month from $543,000 to $175,000. This means the spousal support newly divorced individuals collect may drop by as much as $9,200 each month. For those whose income is far less than the income of their spouse, getting a speedy divorce may be the most beneficial.

Of course, this new law should not be the main consideration when it comes to divorcing in New York, even when high net worth assets are at stake. It is typically much better to give all such matters serious thought rather than forging blindly ahead. In any case, it will benefit both parties to discuss the issues with a qualified divorce attorney serving Manhattan and New York City.

Please browse our website or reach out to our office if you would like to learn more about the process of getting a divorce in New York.

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