This Vlog is a short chat about the basics of Alimony (called “maintenance” in New York) and child support under the statutory framework. Keep in mind that these are quick explanations of complicated areas that have many exceptions. But I give you the basic run-down on what we are talking about when looking at maintenance and child support figures – a good starting point before any deviations or exceptions!
Questions? Feel free to join in the comments or send me an email.
We are a few months out from summer wedding season, which means that the time to talk prenups. Talking about it now will give you time to consider the agreement, negotiations and hopefully not add to the pressure you might be experiencing as the wedding draws near.
Why get a prenup? A typical prenup sets out what is viewed as marital property and what will remain separate property. It addresses who gets financial support and how much.
In this short Vlog I talk about reasons why to get a prenup, reasons why prenups can be overturned, and some interesting things you might want to put in your agreement.
Still have questions? Join the discussion in the comments or give me a shout (now, come on and shout now! Heeyyy-eyyy!) to discuss your pending nuptials: firstname.lastname@example.org
Building a blended family after a divorce can get complicated. Not only is becoming a step-parent a major emotional commitment but now add in the finances and the dynamics involved in supporting this new expanded family. As a step-parent myself, I know all about this difficult and wonderful journey.
I spoke with MassMutual about the financial concerns when tackling step-parenting. While some tips are obvious (eg. get life insurance), other ideas are more nuanced (consider creating a trust and updating your will).
The article addresses four things that new stepparents should do:
Decide how you and your new spouse will manage household finances.
Update beneficiaries on insurance policies, bank accounts, and brokerage accounts.
Secure or revise life and disability income insurance policies, if needed.
Learn how your changed situation will affect your taxes.
You can read the article here and discuss your step-parenting journey in the comments.
“No union is more profound than marriage, for it embodies the highest ideals of love, fidelity, devotion, sacrifice, and family. In forming a marital union, two people become something greater than once they were. As some of the petitioners in these cases demonstrate, marriage embodies a love that may endure even past death. It would misunderstand these men and women to say they disrespect the idea of marriage. Their plea is that they do respect it, respect it so deeply that they seek to find its fulfillment for themselves. Their hope is not to be condemned to live in loneliness, excluded from one of civilization’s oldest institutions. They ask for equal dignity in the eyes of the law. The Constitution grants them that right.
The judgment of the Court of Appeals for the Sixth Circuit is reversed.