Financial Questions During Divorce
Do you have any financial questions during divorce? Our experienced Saratoga divorce lawyers would be happy to answer any questions you might have, including issues relating to filing taxes and changing bank accounts. Contact our office today.
Financial Questions During Divorce | Can I Open My Own Bank Account?
It will be a good idea for you to open your own bank account as soon as possible, even if you are still living in the same household as your spouse. Any income you make after one party files for divorce is yours, and not subject to equitable distribution along with marital assets. If you continue to deposit paychecks into a shared account, it may be difficult to keep these funds safe.
Financial Questions During Divorce | Can I Change My Life Insurance Beneficiary?
Once an individual files for divorce in New York, the court issues temporary orders prohibiting certain actions. These include modifying a life insurance policy. If you’re worried about a spouse dropping you from his or her health insurance, rest easy – the court prohibits this, too, along with the selling of major assets.
Financial Questions During Divorce | Can I File a Joint Tax Return?
You can file jointly if you are not divorced before the end of the tax year. You’re better served seeking the advice of a tax specialist rather than only an attorney in this case. While filing jointly may save both parties money, there may be other complicating factors to consider.
To speak with our experienced Saratoga divorce attorneys, call Jean M. Mahserjian, Esq., P.C. at (888) 919-1380. We are happy to answer your questions and schedule an initial appointment at our Clifton Park office. You can also schedule an appointment by contacting us online.