Questions About Finances During Divorce
If you have any questions about finances during divorce, our Saratoga divorce attorneys are here to help. For over 20 years, experienced New York attorney Jean Mahserjian has been serving the residents of Albany in all aspects of family law. Contact our office today if you have any other questions or concerns.
Questions About Finances During Divorce | Do 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.
Questions About Finances During Divorce | Should I Open a New 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.
Questions About Finances During Divorce | What About My Life Insurance Policy?
When someone 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.
Questions About Finances During Divorce | Who Pays Attorney Fees?
In New York State, courts will presumably entitle the less moneyed or non-moneyed spouse in a divorce case to an award covering attorney fees. You may request this in court. This presumption rests, of course, on the income disparity, but a judge might consider other factors.
If you want fierce legal representation for your divorce, please call our experienced Saratoga divorce attorneys today.