By Randy S. Margulis | Published March 30, 2023 | Posted in Divorce, Post-Divorce Modification, Spousal Maintenance | Tagged Tags: cost of living, economic conditions, substantial change | Comments Off on Can Increased Cost of Living Justify Modification of Spousal Maintenance?
Can Increased Cost of Living Justify Modification of Spousal Maintenance?
Spousal maintenance is paid by one spouse to help the other keep up their standard of living after a divorce. It is usually paid in a fixed, recurring amount that continues for a set period of time. A change in the economic circumstances of either ex-spouse may warrant a modification of the payment amount. However, Read More
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When Can a Spouse’s Conduct Impact Property Division in a Divorce?
In New York, marital fault is not typically a factor when dividing property during a divorce. In general, courts carry out an equitable distribution of marital property based on consideration of a number of factors, most of which relate to each spouse’s resources and needs. However, certain types of injurious conduct — such as acts Read More
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What to Do if Your Co-parent Violates Your Child Custody Rights
Co-parenting after divorce or separation is not without its challenges, even if both parents get along. But child custody arrangements can deteriorate rapidly when one parent violates the other’s rights. In New York, there is a public policy of encouraging a continued relationship between parents and children after a divorce or separation. This often means Read More
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Critical Factors in a High Net Worth Divorce
A New York divorce is considered “high net worth” if the couple has $1 million or more in net liquid assets that are subject to equitable distribution. Often, these couples also have ownership interests in other assets that are difficult to value and split. That alone can make a divorce more complicated, but because the Read More
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