When you prepare a financial disclosure statement for court you need to be very careful. On a Financial Disclosure Affidavit for Family Court or a Statement of Net Worth for a divorce action accuracy is very important. You can hurt yourself if you are sloppy and put down inaccurate numbers on any type of financial [Read More]
Pre-nuptial agreements are not just for the rich and famous. Today more people are marrying for the first time at an older age. There are more second and third marriages because of high divorce rates and longer life expectancies. For these reasons there is a growing need for pre-nuptial agreements. And although a pre-nuptial agreement [Read More]
According to New York law, a Court has the discretion to impute income to a parent where the parent received money, goods or services from a relative or friend. For example, a Court may impute income to a party based on the value of a rent-free home provided for him by a relative. A common [Read More]
As the recession drags on and the employment picture continues to be dim, there is a sad pattern that is playing out before the Support Magistrates in New York State. Many unemployed parents who are charged with paying child support seek to have their child support obligations reduced based upon their unemployment. Many of them [Read More]
Under New York law, when determining child support a court is not bound by a party’s representation of their earnings and their income. Although the best indicator of a party's earnings usually is their latest paystubs and their previous year's income tax returns, sometimes these do not accurately reflect what a party is capable of [Read More]