Buying A Home Out Of Wedlock

It is becoming more common for people to buy a home before marriage. Many people want to take steps to set down roots, and when two people buy a house together, they could qualify for a larger loan. From a legal perspective, is it a good idea to buy a home with your boyfriend or girlfriend? If you do, you must take the proper steps to protect yourself. For example, imagine you’re in love with your significant other. Read More

A Factor You Haven’t Considered When Dividing Assets

During the divorce process, you will have to divide your marital property. This pertains to assets that were obtained during the marriage. Anything that has either been identified as separate property or was addressed in a prenuptial (or postnuptial) agreement will likely be excluded. It is common for couples to purchase homes together, and many people will probably assume that the house is marital property. Whether Read More

How To Start An LLC In New York

Anyone who begins a business should strongly consider the benefits of starting a limited liability company (LLC). When you form an LLC, you create a barrier between you and your personal assets. If your business has a financial obligation that you cannot pay, can your creditors come after your home or other assets? The answer to that question depends on your entity structure.  Though you can forgo the formal process Read More

A Basic Guide For Easements

During the due diligence portion of the home-buying process, you will need to verify whether there are easements on the property you intend to purchase. An easement is a legal right to access or use your property for a specific purpose. There are multiple ways to learn about the existence of an easement: Through a title search Through your real estate attorney  By obtaining a survey of the land Regarding easements, Read More

How The Cannabis Industry Is Offering New Beginnings

Per the FBI’s Uniform Crime Report, 350,150 arrests were made in 2022 for marijuana-related violations. Though you may think that number is high, arrests related to marijuana haven’t been that low since the mid-1990s. In 2008, that number soared beyond 800,000. As more states legalize the medicinal and recreational use of marijuana, there has been a shift in how we view the people who have used it. In March of 2021, Read More

Don’t Make Your High-Net-Worth Divorce More Complicated

New York is an equitable distribution state. Before your assets get divided, the court is going to consider several factors surrounding your marriage: The assets you acquired as a married couple The assets you acquired separately (e.g., inheritances, businesses you began before marriage, and gifts you received).  The length of time you were married Your age and health  The amount of spousal support you will pay or Read More

Dissolve Your Business The Right Way

Creating and establishing your business took time, and so will dissolving it. Though there are several steps you must take, it is worth it. When you dissolve your business correctly, you are effectively limiting your liability. For example, if you have an LLC, you have annual fees, reports, and other administrative obligations. Unless you dissolve your business by taking the appropriate steps, the IRS has no way of Read More

The Complexities Of High-Net-Worth Divorces

Traditionally, having a million dollars or more could constitute a high-net-worth divorce. Associating a high-net-worth divorce with a specific dollar amount may be somewhat misleading. For example, the average cost of a home in some areas of New York is well beyond $4 million. Though these people make enough money to afford these properties, that may be where most of their funds are going.  Rather than money, take a Read More

A Fresh Look At Prenuptial Agreements

Having a preconceived notion about a future event is likely going to impact the way you view it and ultimately experience it. Imagine that you have an upcoming work conference to attend, and you believe that the guest lecturer scheduled to speak will be dull or uninspiring. Think about what your mindset will be like when you are in the auditorium that day waiting for the person to take the stage.  Our judgments, Read More

When Someone Doesn’t Honor A Divorce Decree

Regardless of whether you are in the divorce process or beyond it, there is always a concern that your former spouse won’t follow the divorce decree. Before your divorce could be finalized, there were many details that needed to be sorted. Though there are always unique elements to consider, most people have to agree about dividing marital assets, child and spousal support, and custody.  Either you and your spouse Read More