Topic: Assets | 40 post(s).
May 3, 2017 - {3:36 minutes to read} I recently attended a panel discussion on how to determine income in a matrimonial mediation. The panel consisted of a litigator, a mediator and a financial professional. The idea was to show the different approaches each would take in cases where income was hard to determine, such as self-employed parties, cash income, other complicated financial situations, or when a party just refuses to disclose relevant information. That got me to thinking abo [...]
March 1, 2017 - {3:48 minutes to read} Unfortunately, people who are getting divorced are not exempt from downsizing, market fluctuations, facility closings, etc. which can lead to a period of unemployment. How can divorcing couples factor in this development as they work through separating their households and assets? How do they cope with this monumental change in their lives, on top of this monumental change in their lifestyle? If one of you is unemployed, it may not be entirely wit [...]
November 22, 2016 - {3:54 minutes to read} Since I write so often about the benefits of mediation, I think it’s time that I acknowledge something I often share with clients at the initial consultation. After I have explained the basics of mediation, I say that I think mediation can be a hard thing to do and commend them for making that choice. And while I firmly believe that it is the best option to resolve conflict, I’ll admit it’s still not an easy process. What makes [...]
August 16, 2016 - {3:30 minutes to read} When I began practicing family law, one of the first lessons I learned was that clients do not consider all assets the same. The one asset that consistently holds a very special place in the heart of a client is a pension. Clients express feeling a different sense of entitlement to their pension because: They performed at a job where their lives, health and safety were placed in jeopardy; They may have taken less in salary for the assurance of [...]
August 2, 2016 - {3:48 minutes to read} Even before the enactment of New York’s post-divorce maintenance statute, most mediators and attorneys worked with an informal but commonly accepted formula for determining the duration of maintenance based upon the length of the marriage. The longer the marriage, the longer the term of maintenance. The new statute now provides an advisory schedule, also based on the length of the marriage, for the court to consider in determining the term o [...]
May 24, 2016 - {3:48 minutes to read} Courts are now required to consider the following factor, among many others, in making a maintenance award or determining if the statutory amount was unjust: “. . . the existence and duration of a pre-marital joint household or a pre-divorce separate household.” In English, this means that it is relevant to the Court if a couple lived together before they were married, or if they lived apart for a period of time before starting a divor [...]
May 10, 2016 - {3:24 minutes to read} I attended a mediation workshop that focused on the various ways that a mediator can address an impasse in mediation, and help clients get beyond it. Of the many tools, one that struck me profoundly was asking the clients how they think this would make them look in the eyes of their children. Not necessarily now, but when they are adults and may have a keener awareness of what happened in the aftermath of their parents’ divorce. Manipulativ [...]
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 [...]
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, [...]
April 14, 2015 - “I don't care; I just want to get this over with.” {3:45 minutes to read} When those words are spoken by a client in mediation, I always get a little twinge of dread. To the client, this makes perfect sense. Clients choose mediation to reduce cost, reduce turmoil and proceed as quickly as possible to a separation agreement. So, why not just give in so your matter can be resolved? If it’s a relatively minor point that is in contention, then, sure, giv [...]
February 2, 2015 - Though mediation is a less contentious way to divorce, there are still some myths that keep people from taking advantage of the process. Here are 5 of the most common ones: 1. Only people who agree on terms of settlement can mediate. If that were true, there would be no need to mediate, and they could just enter into a settlement agreement. Of course, people who disagree can mediate, just like people who are angry can mediate and people who don’t re [...]
November 11, 2014 - There are so many issues that a divorcing couple must face: How to tell the children Where will each live Whether or not they can afford to live separately Starting mediation can easily add to the apprehension, yet beginning mediation can actually be a positive step toward gaining control of your changing circumstances because the timetable, the agenda and of course, the outcome, are completely up to the two of you. There are concrete issues that need to be addr [...]