Facebook has become a fixture in the lives of many Bronxville residents. Posting pictures and updating statuses has become a normal part of many people's lives. In recent years, it has also become a tool in contentious child custody battles as parents vie for custody.
The rate of baby boomer divorces continues to rise in the United States. Over the last quarter-century, Americans older than 50 have gotten divorced at twice the rate of those in that age group prior to 1990. For those who are older than 65, the divorce rates are even higher.
In the midst of the many complicated issues brought about by divorce, a New York reader may not consider how this legal step will impact taxes. Financial support and property division are some of the most important and contentious aspects of ending a marriage, but frequently, people forget to give careful consideration to the long-term consequences of these major issues. The tax consequences of divorce can be costly and significant.
During divorce, New York parents are likely concerned with the well-being of their children above all else. For many families, it is beneficial and worthwhile to work toward a child custody plan that allows for the kids to have strong relationships with both parents. Even when parents do not get along, it is possible to secure a parenting plan that gives both parties regular access to their kids.
During a divorce, it is easy to let your emotions overpower your judgment, particularly with regards to preserving your assets. It is understandable to want to get the divorce process over with as soon as possible, but not at the expense of your future financial well-being.