Topic: Payments | 9 post(s).
September 19, 2023 - Pay maintenance in a very short-term marriage? Pay the same amount of maintenance even when income is decreased? Pay maintenance even when a spouse remarried? Agree to share income equally for the rest of your lives? Why would someone agree to do something like that? If you would like more information about mediation, prenups, and family law, check out my website — ClarePiroMediation.com. [...]
July 10, 2019 - {3:30 minutes to read} In my last video, I promised some creative win/win options that you could take when it came to the division of your home. Since they could be a little complicated and hard to follow, I thought it would be better to present them in a written blog. Can’t Refinance Right Now Let’s say that you both agree that there will be a buyout and a refinance, but it will take some time for the “buyer” to qualify for a loan [...]
October 26, 2018 - {4:00 minutes to read} Life insurance is not a topic most people are eager to speak about, let alone if you are separating. But life insurance is a topic you should be prepared to discuss in your mediation. Under New York law, a judge may order a party to obtain and maintain life insurance coverage naming as beneficiaries either the children (for child support) or the spouse (for maintenance) for so long as the party is obligated to pay child support and/or maintenance. [...]
March 14, 2018 - {3:42 minutes to read} Interim agreements are agreements that determine certain terms before the parties sign a comprehensive separation agreement. Some of the topics that may be covered by these kinds of agreements could be: How to handle the sale of a house; Support and parenting plans; A provision that marital assets stop accumulating as of a certain date; and Arranging for the disposition or purchase of a particular asset. Typically, in my practice, cl [...]
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 [...]
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 [...]
June 12, 2014 - I remember when the CSSA was adopted in New York in 1989. It was a radical departure from how child support had been determined in the past, and not all matrimonial attorneys welcomed it with open arms. There were many predictions of disastrous results, but the statute soon came to be accepted and for good reason. While it is not perfect, it does provide a starting point and some certainty to support across the state. The statute provides what is considered to be the &l [...]
February 11, 2014 - One of the things that I emphasize with clients is that an important part of the mediation process is to make sure that the agreement is durable, meaning that the agreement will work as well for you in practice as it sounds in theory. Of course, you cannot anticipate each and every possible circumstance that might happen in the future, but we do try to address as many contingencies as possible. I will be addressing future modifications to support payments in another pos [...]