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Category Archives: Division of Assets and Debts

Equitable Distribution

When married couples divorce in New York, the assets they mutually own are divided according to the principle of equitable distribution. The court will approve an agreement if it was fair and reasonable at the time it was signed and is not now unconscionable at the time it is presented to the court. The spouses…
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Importance of Knowing How to Calculate Your Finances During a Divorce

Getting divorced in Syracuse usually means living on a tighter budget. While the divorce process itself can be expensive, each party will need to calculate finances for a single-income household. Transitioning from a married household with two incomes and shared expenses to living on one income alone can be difficult. Accordingly, it is extremely important…
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New York Appeals Court Modifies Divorce Judgement On Grounds that Unprofitable Business Partnership Cannot Be Easily Divided

On August 22nd, 2019, the New York Appellate Division, Fourth Department released a decision in the case of Barrett v Barrett — a matrimonial action that involved a spouse seeking a modification of a divorce judgement on the grounds that the initial ruling was unjust and ineffective.  A Lower Court Ordered the Sale of a…
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Matt Lauer’s Hamptons Estate For Sale In Wake of Divorce Settlement

The former Today Show host listed a $44 million home for sale as part of his divorce settlement with ex-wife Annette Roque. Roque and Lauer purchased the sprawling estate, which dates back to 1920, in 2013 from actor Richard Gere. While their divorce was pending, the couple lived together in the sprawling, 12-bedroom, 12-bathroom, 6.2-acre…
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Who Gets the Family Pet?

It is estimated that as many as 80 million U.S. households own a pet. This figure reflects the importance that the average American family places on pet ownership, so it is unsurprising that many divorcing couples disagree on who should retain custody of a shared animal. Although New York courts have historically viewed animals as…
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New Rules Instituted for Preliminary Conference Preparation

In New York, when a divorce case has been assigned to a judge, the court is required to order a preliminary conference that must be held within 45 days. Last August, the courts began using a revised form, which has helped streamline the process by clarifying what will be required of the parties at the…
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The Role of Rumor in Brangelina’s Divorce

Divorces are always unique because every couple is unique. This is why it is so hard to predict what is going to happen over the course of the divorce process. Because of this, other divorces are important to watch, as they can give you an idea of what you can expect if you decide to go…
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