Virtually no one wants to come out of a divorce with their finances in shambles, but with so many different factors to consider, figuring out what decisions are most appropriate can be quite a task. Certain assets split during a divorce can have tax implications or additional hidden costs associated with them. Even some decisions that might initially seem free of tax issues can have profound influences.
For some New York couples, divvying up the assets from a marriage can be one of the most tedious and difficult tasks to complete. However, this process might not be so difficult if a couple's marriage was never legal in the first place. That's exactly what one congressman claims, asserting that he should be granted an annulment rather than a divorce.
Many couples in New York say, "I do," with the intention of weathering the difficult times side by side. There may be a multitude of issues through which couples can trek without a hitch, but a recent study indicated that there might be some problems that people simply are not able to overcome and instead decide to divorce. Namely, what happens when a spouse gets sick?
Even if a divorcing couple comes to an agreeable divorce settlement without any court intervention, if one party later uncovers information that he or she believes changes how things should have been handled, it is possible to petition the court for a modification. However, those in New York who wish to file such a petition should be prepared to have proof to establish why the divorce settlement was not just in the first place. An out-of-state court recently refused one woman's petition to have her settlement tossed out.