Alimony and child support payments are two issues that can be great sources of contention between divorcing spouses in New York. Soon-to-be exes should be aware that the Tax Cuts and Jobs Act has a significant role in how the two issues will be addressed for divorces that are finalized on or after Jan. 1, 2019.
New York residents who work in fields dominated by the opposite sex are more likely to divorce according to a study published in the medical journal Biology Letters. This was the conclusion that a team of researchers reached after studying Danish population data gathered over several decades. Earlier studies in this area have primarily focused on men who live in communities with disproportionately high numbers of women. The research team from Stockholm University wanted to find out if having a large number of prospective sexual partners in the workplace had the same negative affect on long-term relationships.
Getting a divorce can be among the most stressful events New York couples will go through in their lives. However, those who are 50 and older may experience more significant health issues after ending their marriage. People who divorce later in life may develop heart disease or higher blood pressure because of the stress of ending a relationship.
New York couples entering divorce negotiations have many things to consider. However, women in particular should be mindful of something called the 'divorce gap." This documented phenomenon shows that women who divorce typically see their income and net worth drop substantially while men tend to see an income bump in the aftermath of a marital split. There are some strategies one can employ to help limit the impact of this societal trend for divorcing women.
Almost half of all divorcing women in New York and around the country face unexpected financial issues during the process, according to a study by Worthy. To avoid such situations, many experts suggest that women investigate their financial situation before heading to court.
New Yorkers preparing for divorce can expect to see cascading financial effects over their lifetimes, indicated a study by the Center for Retirement Research at Boston College. While many people choosing to end their marriages fully expect an array of short-term financial, emotional and practical repercussions, the effects can linger over the years, especially when people who have been divorced don't make changes to their financial planning as a result. In particular, this study examined people's readiness for retirement, looking at how divorce impacted people's ability to maintain their standard of living after leaving their jobs.
New York is among a handful of states that are proposing to make it more difficult for non-custodial parents who work as independent contractors to avoid paying child support. The proposal would apply to residents who take on gig work.
Divorced parents in New York who have joint legal custody may not share physical custody as well. It is not uncommon for one parent to have visitation rights but also share legal custody with the custodial parent. Legal custody gives parents the right to make decisions for a child about issues such as religion, medical care and education.
New York parents can sometimes find it difficult to create child visitation schedules that fully accommodate the time they want to spend with their children. However, there are multiple scheduling options available that could suit their particular needs.
For many people in New York who decide to divorce, the end of a marriage comes after a lengthy period of unhappiness, often marked by arguments and fighting. While many may assume these arguments are most divisive when they address issues around child-rearing or infidelity, even mundane topics can lead toward divorce. For example, extensive disputes over housework and the distribution of household chores can be an indicator of the potential for a marriage to end.