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Property Division, Alimony May Impact Financial Stability

May 18, 2017

Staying on top of finances after a divorce in Bronxville can be tricky for a number of reasons. First, the emotional roller coaster of divorce can make budgeting seem unimportant right away, and second, dealing with finances independently can be daunting for someone who is used to relying on a spouse to handle such a task. A couple of tips may help with managing finances after a divorce involving matters such as property division or spousal support has been finalized.


Having insurance is critical after divorce. All existing insurance forms need to be reviewed, and beneficiaries need to be updated if necessary. Understanding the particular insurance benefits available through any policy is particularly important to ensure that they will actually be helpful in the long run.


Considering the tax implications of the decisions made during divorce is also critical. In some cases, a divorcee’s tax strategy might need revising, as the dissolution of a marriage can affect his or her tax situation in many ways. For instance, these impacts might include falling under a different tax bracket due to a change in income, getting spousal or child support, one’s investment strategy and the process used to handle tax returns in the future.


Managing finances can be difficult no matter what stage of life a person is in or how many assets he or she has. Divorce only complicates it. An attorney in Bronxville, however, can work to ensure that one makes the right decisions regarding property division and spousal support — for example, at the divorce negotiation table — to achieve the most favorable outcome financially, one that will remain personally beneficial for years to come.


Source: wickedlocal.com, “Finding financial stability after a divorce“, Alan F. Auteri, May 9, 2017

Collaborative Divorces Can End Marriages in a Peaceful Manner

December 7, 2020
Some people who are filing for divorce aren’t ending their marriage because they hate their spouse. Instead, they realize that they have grown apart and that it is time to part ways. If you are in this position, you might find that a collaborative divorce can help you end the marriage in a faster manner.

How to Protect Your Children During a Contentious Divorce

September 1, 2020
If you decide to divorce, you won’t be at a loss for things to do. Every decision you make will affect your future, so it’s critical that you keep a clear mind and move forward as efficiently as possible.

Reasons Why More People Should Consider Getting a Prenup

June 5, 2020
Some people dismiss prenuptial agreements as a couple planning to fail in their marriage. In reality, creating a prenuptial agreement prior to marriage or agreeing to terms in a postnuptial agreement during a marriage can protect the marriage and benefit the spouses, as well as protect you in the event of a divorce.

Social Media Mistakes to Avoid When You File for Divorce

March 18, 2020
Social media has made it easier than ever for people to remain in close contact with family, friends, colleagues and other acquaintances. It can also put a lot of strain on marriages, including airing spouses’ dirty laundry or facilitating extramarital affairs.

Finding Hidden Assets During a Divorce

December 20, 2019
People get divorced for a variety of reasons, such as growing apart, infidelity or disputes over money and children. But a common theme is the loss of trust between the two partners.

The Family Home Can Be a Big Puzzle During Divorce

June 29, 2017
According to an old adage, home is where the heart is. This is true in many divorce cases, where the spouses cannot agree on who gets to keep the family home. Understanding all options related to the marital home is critical when dealing with property division during divorce in Bronxville and other parts of New York.

Financial Preparation Critical During Divorce Process

June 15, 2017
Even the best-laid plans for a marriage may end up going awry in Bronxville. After all, spouses and the situations they face can change over time and lead to irreconcilable differences. When divorce is inevitable, being prepared financially is critical.

Property Division Can Be Addressed Through Collaborative Divorce

May 25, 2017
Divorce is hardly an easy process to navigate, both emotionally and financially. Making matters more complicated is the presence of many assets that are subject to property division , or the existence of high-value assets. However, collaborative divorce may offer a viable option for couples in Bronxville who wish to avoid the acrimony that usually characterizes divorce proceedings. In a traditional divorce proceeding, the discovery process often involves gamesmanship. This ends up increasing the length of the litigation as well as the financial cost of the proceeding. It can also take an emotional toll on both parties. However, collaborative divorce is a totally transparent process, which means that formal discovery does not exist. The two spouses agree that information and documents will be retrieved by the spouse who has the easiest access to them. Then, this information will be circulated between the two spouses and a team of professionals, including their separate attorneys, a neutral financial expert and a neutral mental health expert. In collaborative divorce, every team meeting is dictated by an agenda that all parties receive ahead of time so that there are no surprises. In addition, at the end of each meeting, the discussions are summarized in the form of minutes, and the parties reach agreements. Then, the spouses are given particular assignments to complete before their next meeting, during which additional agreements related to matters such as property division can be reached. An attorney in Bronxville can provide guidance on how to navigate a collaborative divorce proceeding in a manner that will be personally favorable in the long term. Source: jaxdailyrecord.com, “ The collaborative process can lead to divorce without drama “, Laura Giovannetti, May 22, 2017
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