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Pre-divorce cooperation may result in more positive outcome

If you are like most people in New York, you don't have a budget. Maybe this has worked well for you if adequate money comes in at a good pace and you have minimal expenses. However, this is rarely the case, and most households pay their bills and let the future take care of itself. Unfortunately, raising a family without a budget often ends badly when emergencies or other expenses take you by surprise. Planning ahead is always the best way to prevent such financial disasters.

Your business is on the line during a divorce

It is nice to know that, despite media reports painting a picture of gloom, most marriages do not end in divorce. In fact, the most recent analysis of data shows the opposite, that divorce rates are declining. However, this news may not console you if you are in the minority whose marriage is coming to an end. You are likely full of questions and concerns about your future and what you can do to protect your interests.

Now you see it, now you don't: Is your spouse hiding money?

Since the day you married your soon-to-be-former spouse, you've grown accustomed to a particular lifestyle, one that you worked hard to achieve and prefer to keep once your divorce is finalized. Many New York residents are currently facing similar situations; in fact, some are engaged in contentious battles over finances, which can be stressful and can cause delays toward settlements. For some, the central focus is merely a matter of asset distribution. New York, like most other states, distributes marital property equitably in divorce.

High-asset divorce and litigation do not always go hand-in-hand

Numerous couples in New York have considerable assets that need to be divided when they choose to end their marriages. Many of them believe that they will have to go to court in order to get fair divorce settlements. This, of course, is not something to which they look forward.

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