Divorce

Without knowing more, it’s difficult to say whether or how an imbalance in the down payments on a home may affect you in a divorce. If the home is to be sold, the court could decide that your spouse is entitled to a larger share of the profits, or if you’ve agreed to allow your spouse to keep … [Read more...] about My Spouse Says I Owe Money Based On Paying Less Of The Down Payment For Our House. How Will This Be Handled In Our Divorce In Queens?

It may be, and you should be cautious about opening investment plans during a divorce. If your spouse challenges the source of the funds you put into the 529 account, the court could decide that the value of the account is subject to distribution. There are other concerns with 529 plans as … [Read more...] about If I Open A 529 Plan For My Child During The Divorce, Will It Be Subject To Equitable Distribution In Queens?

Generally speaking, inheritance money is considered a separate asset that is not subject to equitable distribution, but the fact that a will or trust is pending may affect the terms of the ultimate settlement agreement. The loss of inheritance rights is a factor in divorce, especially when the … [Read more...] about Do I Get Any Portion Of My Spouse’s Future Inheritance In Our Divorce In Queens?

No, assuming the gift was deposited into a separate bank account, your gifts of cash from family shouldn’t be subject to equitable distribution. The situation is murkier if the funds were deposited into a joint account, and the court could find that the gift became marital property in that case. … [Read more...] about Are Cash Gifts From My Relatives Subject To Equitable Distribution In A Queens Divorce?

Yes, if you hide assets or otherwise treat the divorce process in bad faith, your spouse may have grounds to reopen the issue later, with costly results. Depending on various factors, your entire settlement agreement may even be found invalid, requiring a costly renegotiation that will likely … [Read more...] about If I Don’t Disclose A Marital Asset In My Queens Divorce, Can My Spouse Come After It Later?

Child custody is a common flashpoint for disagreement in a divorce, even though the terms offered by the two sides may not be that far apart. When couples in Queens can’t agree on a plan for child custody, the matter will end up before your judge, who will hold hearings, listen to evidence, and … [Read more...] about What Happens If We Can’t Agree On A Child Custody Plan In Our Queens Divorce?