The law outlines what is marital property and what is separate property. However, the issue becomes murky when separate property was the marital residence, since often the marital residence is marital property. Real property purchased prior to the marriage does not become marital property merely because it is the marital residence (meaning that the couple lives there as husband and …
New York Family Law: Retired Pay and Military Divorce
Members of the armed forces can be of various ranks, earning varying salaries. Accordingly, military “retired pay”, similar to a pension, is a valuable (marital) asset. Retired pay is the money a retired military personnel receives every year after retirement until his or her death. Retired pay is paid by the Defense Financing & Accounting Services (“DFAS”). If the former …
Ask Cari: Questions on Divorce, Debt and Prenups
Here are some recent answers from some questions I received on the Big D’s (Divorce, Debt, and Death): 1. What should people know when it comes to your spouse¹s debt when it comes to death or divorce? In most states, all debt obtained by either party after the date of the marriage is considered marital debt while debt incurred before …
New York Child Custody Law: What About Splitting Siblings?
The courts prefer to keep siblings together for stability, companionship and close family ties. “Young brothers and sisters need each other’s strengths and association in their everyday and often common experiences, and to separate them, unnecessarily, is likely to be traumatic and harmful.” Obey v. Degling, 37 N.Y.2d 768 (1975). However, the courts will order split custody if it’s in …
The New Enhanced Earning Capacity Rule
The new spousal maintenance law signed into law by Andrew Cuomo at the end of September changes the concept of enhanced earning capacity in terms of looking at as an asset subject to equitable distribution. In the previous law, if a party earned a license or professional degree during the marriage, it was considered an asset to be divided …
NY Family Law: Vocational Experts
Imputation of income to determine spousal and child support can be complicated and a vocational expert may be of help in evaluating the various factors involved in this process. A vocational expert (“VE”) is an authority in the areas of vocational rehabilitation, vocational and earning capacity, loss of earnings, cost of replacement of labor and lost ability/time in performing household …
NY Family Law: Prenuptial Agreements, Bad Choices and Unconscionably
If you are making a bad decision, does that automatically mean that it was not a meaningful decision? The Court in Barocas v. Barocas, 94 A.D.3d 551 (1st Dept. 2012) sure thought not. Arguing that the prenuptial agreement is unconscionable is a way to have the agreement declared invalid. In Barocas, the parties disclosed all of their assets and the …
NY Family Law: Child Care Costs and Child Support
Parents have an obligation to support their children. In addition to basic child support, which is determined by a formula in accordance with the Child Support Standards Act, “add-ons” are other obligated expenses provided for in New York’s Domestic Relations Law, including unreimbursed health care (DRL 240 1-b(c)(5)(v)), child care (DRL 240 1-b(c)(4)) and educational expenses (DRL 240 1-b(c)(7)). Child …
New York Divorce Law: Overview of Enhanced Earning Capacity
In New York, the capacity for enhanced earnings is a marital asset based on the premise that all property acquired during the marriage is marital property. Professional licenses acquired during the marriage are marital property pursuant to DRL 236 (B)(1)(c) subject to equitable distribution because it is a valuable asset reflected in the enhanced earning capacity it affords to the …
Child Custody and Visitation Disputes that Cross State Lines
The Uniform Child Custody Jurisdiction and Enforcement Act (“UCCJEA”) is followed by the State of New York and is codified in New York’s Domestic Relations Law Sections 75-78. Its applicability is with child custody and visitation disputes that cross state lines. The family law community regularly uses the statutory acronym UCCJEA – hopefully this post will dissect some of the …