When a celebrity couple decides to call it quits, most people tend to follow the divorce proceedings. Although celebrities tend to deal with a larger amount of assets, paying attention to how division of assets, child custody and other issues are handled can help New York residents who are thinking of divorce, but unsure of the process. Recently, Gina Neely and her husband, Pat, filed to end their 20 year marriage.
New York families may appear to be increasingly complex. With stepparents come entirely new sides of the family, and who should be able to see a child and when may become confusing. Some grandparents or even older siblings may begin to feel left out of a child's life that they were previously heavily involved in. In certain situations, those family members can pursue visitation rights of a grandchild.
For many couples in New York, Social Security benefits based on one or both spouses' work history can be a lifeline in retirement years. However, when only one spouse qualifies for Social Security benefits, and the couple divorces, some may worry about how they will make it through retirement. Providing that an individual meets a few requirements, he or she may still be able to file for spouse's benefits, even after a divorce.
Prenuptial agreements are often utilized in order to protect certain assets or income from a spouse, should the couple later decide to divorce. While those looking to protect themselves might think of a prenup as an airtight agreement, it is possible for the validity of the agreement to be challenged. Those in New York may have already heard about the divorce between Ken Griffin, a noted billionaire in America, and his wife, Anne.
You may be familiar with the terms at-fault and no-fault when it comes to divorce, but knowing precisely what they mean and how they can affect your divorce filing can be more complicated. No-fault may be the simplest, as it simply means that neither party holds any specific responsibility or fault for the divorce, and it is most commonly referred to as an irretrievable breakdown of the relationship. An at-fault divorce is filed on specific grounds, or specific reasons. In total, the state of New York has six different grounds that you can file for an at-fault divorce.