By Randy S. Margulis | Published May 15, 2022 | Posted in Family Law | Tagged Tags: equitable distribution, marital property, postnuptial, prenuptial | Comments Off on Benefits and Drawbacks of Postnuptial Agreements
A postnuptial agreement is similar to a prenup, a popular way to decide money and property issues at the start of a marriage rather than leave them for resolution during a divorce. Postnups — created after the parties are married — work much the same as prenups, but they are subjected to a higher level Read More
Read MoreDivorce can be a very stressful experience, especially as it relates to the division of marital property. When a couple divorces in New York, unless the parties agree otherwise, the court will divide their property in a way that is fair to both spouses, which is known as equitable distribution. In order to decide what Read More
Read MoreIn any divorce one of the most primary and contentious areas is the division of assets. Splitting the equity in the home and the credit card bills, agreeing on child support and who keeps what can lengthen negotiations, bring up bitter arguments and send couples to court. Understanding what assets may come under fire will Read More
Read MoreI work daily with individuals concerned about division of assets during their divorce. Properly valuing a marital estate is key to fair division of property at the end of a marriage. New York is an equitable distribution state, meaning without other agreement, a court makes property awards that equitably distribute assets and liabilities of the Read More
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