The divorce process includes negotiating a plan for what will happen to assets and debt as well as the support needs of the family. There are many misconceptions about how social security benefits may be claimed after a divorce. Outlined below are some of the most common misconceptions about social security benefits for ex-spouses and general information on how the process works. Continue Reading
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Prenups in New York: The Basic Facts
A prenuptial agreement is a written contract between two people that is entered into before marriage and takes effect upon marriage. This document has become more popular as couples realize the importance of clarifying expectations and setting a good foundation for communication about finances (and other issues) before the marriage.
Each couple has a unique set of goals and issues to be addressed and the prenup can be specifically tailored with that in mind. Without a prenup, state laws dictate who owns the property acquired during the marriage as well as what happens upon the dissolution of the marriage.
Why get a Prenup? Continue Reading