Going through a divorce is stressful enough, but the coronavirus pandemic spreading throughout the United States presents additional complications for spouses who have decided to split. In addition to changes that might need to be made regarding custody and visitation arrangements while travel is restricted, negotiations over property division need to address any new economic circumstances. For example, the value of investments or business shares should be reviewed and possibly downgraded. Moreover, the stimulus checks that many Americans will receive under the Coronavirus Aid, Relief, and Economic Security (CARES) Act are assets that will become part of a couple’s marital estate and be subject to distribution among the spouses when the marriage ends.
If you’re ending your marriage or are legally separated and are unsure about how you will receive your disbursement from the government, here’s what you should know:
An experienced divorce lawyer can advise you about the distribution of federal stimulus payments and any other assets during the course of a marriage.
The Law Offices of Randy S. Margulis represents clients in all types of divorce proceedings. For a consultation, please contact the firm online.
As a Buffalo divorce lawyer for 28 years, I have devoted myself to solving the problems that affect families throughout the Buffalo metropolitan area and Western New York. As a family law attorney, I make it my goal to create a partnership of trust with my clients. People put their trust in me to handle cases that can potentially have a long-lasting impact on not only their lives, but the lives of their family as well.
Alexandra M. Rockwood is a Senior Associate Attorney with the Law Offices of Randy S. Margulis & Associates and has been with the firm since early 2020. She primarily practices in the areas of matrimonial and family law, including divorce, child custody, and child support. Alexandra is a practicing matrimonial and family law attorney as…