Topic: Expenses | 28 post(s).
December 5, 2017 - {3:42 minutes to read} I was talking to a colleague recently about a mediation. She was surprised that it took as many meetings as it did to reach a resolution and that the couple almost terminated the process. It was a relatively short-term marriage of a few years, and they had no children, so she had not expected that it would be difficult. I agree that expectations of difficulty are often misleading. At an initial consultation, I can only judge a mediation’s di [...]
November 15, 2017 - {3:42 minutes to read} It’s perfectly normal for most married couples to live their lives without knowledge of the intricacies of separate and marital property in New York matrimonial law. Unfortunately, though, that lack of knowledge can lead to common and innocent “mistakes” and have unintended consequences under the law.Our Typical CouplesA couple maintains only joint accounts and holds all property with the other named on all assets. This has been w [...]
October 4, 2017 - {3:18 minutes to read} In my past life advocating for clients in an adversarial process, getting to the point of splitting the difference was the last settlement proposal, and timing was everything. If your first offer is close to what you really want, there will be little room left to split the difference if your adversary low-balls their demand. For example, if you are looking for $5000 and ask for $5000 in support and your spouse offers $2000, you are going to lose in [...]
July 6, 2017 - {3:06 minutes to read} In the previous part of this series, we looked at parental considerations in relation to a child’s college education. In this final post, we will discuss the child’s role with regard to their college education and any credits against child support. Should there be a contribution from the child? Do you believe that the child should be responsible to pay for part of college, through loans or otherwise? This has both philosophical (shou [...]
June 21, 2017 - {3:18 minutes to read} In Part 1 of this series, we looked at parental considerations in relation to a child’s college education. In Part 2, we will define typical college expenses and look at limits on what a parent will contribute. How do you define “college expenses? Is it just tuition, room and board, or do you want to consider other typical expenses that will be due? In addition to tuition and room and board, most parents include a provision to share: [...]
June 5, 2017 - {4:00 minutes to read} Certain children’s expenses must be paid in addition to child support, according to the child support statute: medical insurance premiums, unreimbursed medical expenses and child care expenses. These are mandatory add-ons. Then, there are expenses that may be ordered at or in the Court’s discretion, including post-secondary educational expenses. The Court will consider the parties’ circumstances and what is in the best interest o [...]
January 4, 2017 - {4:00 minutes to read} In New York, case law provides that when parents share equal physical custody of the children, the parent who earns more pays child support to the parent who earns less, based on the Child Support Standards Act.If there is a great disparity between their incomes, that might make sense. But if there is less than a substantial difference and both parents need to maintain a household for the children, applying the statute can put one parent in financi [...]
November 9, 2016 - {3.36 minutes to read} I try to avoid jargon when working with clients. When I’m not successful, it’s easy to spot by the looks on clients’ faces when they have no idea what I’m talking about. One of these is the phrase “add-ons to child support,” which I tend to use before offering an explanation. This is a very common phrase to professionals who work with separating parents. For the parents themselves, not so much. The basic child [...]
July 5, 2016 - {3:36 minutes to read} I would have answered this question as “abundance,” which I suspect might be a common response. Not according to Brené Brown, however, in her book Daring Greatly. This amazing book is about allowing yourself to be vulnerable so you can achieve great things. Brené Brown believes that the opposite of scarcity is “enough.” In other words, you are: Good enough; Smart enough; Attractive enough; Perfect enough [...]
February 16, 2016 - {2:48 minutes to read} Budgets are not fun – composing them, living on them and even just having to think about them. So, I understand the look in clients’ eyes when I first talk to them about completing their budgets. Here are 4 reasons why I think it’s vital to have accurate and complete budgets for each party in mediation. Budgets are a reality checkNo matter the level of income, a good percentage of my clients are living above their means. Seeing [...]
February 2, 2016 - {3:12 minutes to read} In the summer of 2015, the New York legislature passed a statute providing for post-divorce maintenance. The statute was then signed by the governor and is effective for all matters filed in Court after January 23, 2016. The statute provides a formula for computing maintenance based upon the respective incomes of the parties with a cap of $175,000 for the income of the person paying support. For a person paying support with income over $175,000, t [...]
June 9, 2015 - {3:36 minutes to read} New York enacted a statute several years ago to put some clarity into the process of modifying child support. The statute provides that there are three bases for a party to ask a Court to modify support: (1) a substantial change in circumstances; (2) the passage of three years since the last order or modification; or (3) that a party’s income has changed by 15% or more since the last order or modification. In a separation agreement, [...]