No matter where you are in the divorce process, you may find it hard to cope with all the emotions you feel and the stress that overwhelms your life. Learning about techniques and ways to combat this stress can help you as time goes on. Find an outlet According to Psychology Today, one of the best ways to manage the…
As an estate plan creator, you need to have an executor in place. This is one of the most – if not the absolute most – crucial figures in your entire estate plan. To that end, you may automatically want to assign one of your closest family members to the spot. But is this the best idea? In spite of…
As a caregiver for your loved one or elderly parent, you want to provide the best care available and do the right thing. You also want to make sure to keep their financial situation as strong as possible. These admirable goals often hinge on having the proper documentation on hand at all times. The necessary papers AARP emphasizes holding and…
When you and your New York husband or wife decide to part ways, you may question if you make enough money to support yourself without your ex. If you have serious concerns about being able to maintain the same lifestyle you enjoy now after a divorce, it may serve you well to seek spousal maintenance, or alimony, in your split.…
Getting older means a person could have greater difficulty handling important tasks like keeping up with personal finances. If you have aging parents, you should watch for signs that your mother or father may need help with paying bills and keeping track of money. It may even become necessary for you to take over their financial decisions. It is natural…
New York child support lasts until the age of 21. This means parents who go through a divorce have the responsibility to pay for most, if not all, of college tuition. However, not get this confused with custody or visitation because the child becomes an adult at 18. So although the non-custodial parent has financial responsibilities to the child after…
An elderly parent’s dementia diagnosis can profoundly impact an entire family. Estate planning must balance long-term care needs with a parent’s desire to leave an inheritance to family members. These are some essential details to consider. Disease progression Dementia can rob your parents of their ability to express their wishes. Therefore, it is critical to help them create or modify…
For as long as asset division laws have been in place, people have been trying to get around them. Despite the fact that this is illegal, many feel it is their right or in their best interest to try hiding assets anyway. To that end, many have utilized cryptocurrency and other means of digital currency to try getting away with…
While dividing marital property is often stressful, determining who will receive custody of the children can be even more overwhelming for those going through a divorce. If you have filed for divorce or are currently going through the divorce process, you know firsthand the emotions that may arise. Whether you can negotiate the terms of your custody arrangement through mediation…
Since the subject of a prenuptial agreement can be an emotionally sensitive one for couples about to marry, you may have decided not to ask your spouse to sign one. Now that you have experienced the highs and lows of marriage, you might regret not signing a prenuptial agreement when you had the chance. Fortunately, the option of a postnuptial…
If your aging parents lack the ability to effectively manage their finances, they may be at a much higher risk of falling victim to fraud. You can contribute to their protection when you remain actively involved in helping them monitor their finances. You can also protect your parents when you educate them about what fraud looks like. If fraud does…
When you got divorced, your life changed in many different ways. Because of these changes, your estate plan may not reflect your current wishes. According to Gallup, only 46% of Americans have a will, but if you fall into this group, you should take time to revise your estate plan following divorce. You should plan on doing this shortly after…
