New York City Business Law Blog

Do you need a financial reality check before you divorce?

If you are contemplating divorce, you likely have a vision for how you expect your post-divorce life to be. Perhaps you imagine a kind of freedom your marriage lacked or you hope to rejoin the dating scene. Unfortunately, the reality of life after divorce does not always match what people anticipate.

Money is one important factor that complicates the dreams of many New Yorkers who are getting divorced. Your financial situation may be quite different from the stability you may have enjoyed during your marriage. It is critical to prepare for this before signing the final papers and to fight for a fair division of your assets.

Common employee wage complaints

When employees start a new job, it's safe to say that they spend a fair amount of time thinking about their wages. Is that salary enough to pay the bills? Do they like the idea of earning overtime pay? How does the pay compare to similar jobs, especially when considering a total compensation package that may also include things like investments, health insurance benefits and much more?

As such, when something goes wrong with the pay, they're very quick to complain. They count on those bi-weekly paychecks. They depend on getting every last cent and getting it on time. Some of the most common complaints include:

  • Not getting paid as much as they were entitled to for a set period
  • Not getting paid extra for overtime when they deserved it
  • Not getting paid properly for their vacation time
  • Not getting paid on time at all
  • Being paid differently than other employees

Why would you use lump-sum alimony?

Alimony payments are typically made every month, just like child support payments. The idea is that one spouse would have supported the other if they stayed married, and that support would pay the monthly bills. The alimony allows the other person not to fall into dire financial straights after the divorce.

However, you do not always have to do it this way. In some cases, you can opt to use a lump sum instead of the monthly payments. Why would you do this?

New York step parents have few rights after a divorce

When people marry into a "ready-made" family, they often become important to the children of that family. The reputation of step-parents, in general, is unfavorable. However, these unique individuals invest a multitude of love and heart into their new families. If divorce becomes imminent, step-parents may lose what matters the most: Their time and contact with the kids they have come to know and love.

All of our attorneys agree that these situations are tragic in so many different ways. Losing contact is devastating to the step-parent and in most cases to the involved children as well. Courts across the nation try to look out for the best interests of the children of divorce. However, the rights of step-parents (and step-children) may fall by the wayside.

Helping employers remain compliant with employment law

Recently, workers in New York and other American cities have become very sensitive about their employment rights. While it is wonderful to see people from all walks of life standing up for their rights, employers are having a hard time complying with employment law.

In the vast majority of cases, employers do not mean to violate anyone's rights. The truth of the matter is that employment law has become much more complex than it was in decades past. Busy business owners are struggling to meet their own needs at the same time that they are trying not to violate any laws.

Money disputes destroy high asset marriages

When you and your spouse married, you likely had plans for your future. Perhaps you both had good-paying jobs, or you were working your way up the ladder of success. As your income grew, you may have expected to avoid the common topic many spouses argue about: money. However, having more money does not necessarily eliminate problems with it.

You may be surprised to know that New York couples with high assets have just as many disputes over money as those who earn very little. Often, it is not the lack of money that causes strife between spouses. In many cases, and perhaps in yours, it is a discrepancy in philosophies about the household finances.

Embracing your new role with your children after divorce

If you and your spouse get divorced, your role with your children may change. It's important to embrace this and to think about how you can be the best possible parent that you can be in this new situation.

That's what one man learned when he got divorced. He fought very hard to get sole custody of his children, but he did not win the case. He had to become what he called a "part-time dad." He could no longer be the type of parent he wanted to be, and that decision was out of his hands.

What to look for in a business partner

The first step toward creating a successful business is to choose the right business partner. A wrong choice at this juncture can put the entire enterprise in jeopardy. Starting a business is always difficult, and the survival rate for new businesses is not nearly as high as you likely wish that it was. Having the right partner gives you an edge and helps set you up for future success. It can also help you avoid some difficult legal situations in the future.

So, how do you find this type of partner? Here are a few things to look for:

  • Someone who offers a unique skill, preferably something that you do not have on your own. You and your business partner should both complement one another so that the business is strongest when you work together.
  • Someone who offers financial stability and who will contribute to the business the same way that you will. While it may not be perfectly equal, be wary of a partner who expects you to take all of the financial risks.
  • Someone who shares your vision and your spirit. You do not want someone who isn't engaged and excited about the company, for instance, or someone who has a very different vision of what the company can become. You need to work together on this.
  • Someone who respects you and the values what you bring to the table. An unhealthy relationship can turn toxic as the company grows.

Most divorces impact happy couples

When you think about divorce, you probably think about an unhappy couple that argues often. You think of stress and tension at home. You imagine one person abusing the other or cheating on them. You think of these extremes because they're often what you see in movies and TV shows.

These things absolutely do happen, but they are not the norm. In fact, in one study, researchers asked people how they felt a year before they got divorced. They did the study for years, talking with couples who were still married repeatedly so that they could compare the results when those couples split up.

6 important questions about workplace sexual harassment

If you've suffered from sexual harassment in the workplace, you may be looking into your legal options. You know that what happened to you was unfair, unjust and illegal. You want to know what to do.

In the process of defining your case, here are six important questions to ask. The answers will help define how things play out moving forward:

  1. How often did this conduct happen? Was it frequent, or was it more of a one-time event?
  2. Did you suffer from verbal harassment, physical harassment or both at the same time?
  3. Were you the only person who got harassed at work, or is this something that happened to multiple employees?
  4. Was the person who harassed you acting in an aggressive and hostile manner, or was it more about creating an offensive and toxic workplace? For instance, physical contact is usually more hostile and aggressive, while hanging up harassing signs or pictures may be more passive -- though still offensive and uncalled for.
  5. Was the person who harassed you a supervisor or a co-worker who holds the same basic position that you do?
  6. Was only one person responsible for harassing you, or were there multiple people who all joined in?

Hear From Our Clients

Mr. Skolnik and Mr. Gaboury have represented me on multiple cases over the past two years. They are dependable, knowledgeable, and professional. They provided high quality legal guidance for my small business during a difficult time and brought me a peace of mind. I highly recommend Cox Padmore Skolnik & Shakarchy as your legal business representative. -Anonymous

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