You and your spouse had many things in common. Among them was the desire to work together as partners in business. Perhaps you grew this idea after you met in business school, or you and your spouse dreamed it up after you married. Maybe one of you inherited a family business. Whatever the circumstances, you became business partners and made it a success.
The world has never been smaller than at this time in history. Technologies such as the internet, airplanes and cell phones make the borders between countries disappear. Perhaps some form of technology brought you and your soon-to-be former spouse together.
You met and fell in love with someone from another country. You decided to marry and have a child, and for a while, your family was happy. When the arguments began, you figured it was simply part of marriage, but as they increased, you realized that divorce was on the horizon.
The end of a marriage can be a stressful and daunting experience for everyone involved. If you and your spouse decide to take separate paths moving forward, you may have concerns about how your current circumstances could affect your future.
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.
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.
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.
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.