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HomeTagdivorce Archives - Page 2 of 5 - Daniel Clement

Spousal Maintenance and the “Tax Man”

Divorce sometimes has its bittersweet moments. That certainly applies to payments of spousal maintenance for both the payer and the recipient because of the tax implications. For the party making maintenance payments, the bitterness of parting with your income is sweetened by the fact that the payments are generally tax deductible. This is true whether...

Don’t Change Your Marital Status without Updating Key Documents

By the time a divorce is final, the last thing many people want to do is to tinker with bookkeeping matters. Updating names, addresses, and beneficiaries is tedious. It is sometimes seen as unimportant; however, nothing could be further from the truth. Whether or not you are the person who initiated the divorce, it is...

Can I Keep the House after My New York Divorce? Should I?

When a couple is divorcing, disposition of the marital home can be one of the biggest issues of contention. The house is often the parties’ most valuable asset, but the home mortgage may be the couple’s largest liability. Issues arise when one of the parties wants to keep the house. In the best case scenario...

High-Profile Divorce Illustrates Importance of Filing Location

Have you ever wondered what happens when the parties to a divorce have residences in different countries?  The luxury of being residents of the world and owning multiple homes in different jurisdictions presents a litany of unique complications when the parties divorce. A good example of this is the recent divorce between Maurice Alain Amon...

How Marital Property is Valued in a NY Divorce

People contemplating divorce are often worried about how their property will be divided. This concern may be heightened in certain circumstances, such as when children are involved or when one of the parties does not work outside the home. In New York, property is first identified, then classified as either marital or separate property. Then,...

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