Tips and advice for buying the first home after a divorce

After divorce, one of the first things you often need to do if find a new home – if you were not awarded the marital residence in the settlement agreement. Sometimes, depending on your income bracket, you may be looking for a new time share or vacation home in addition to just a new post-split domestic domicile. Often times (but not always) you will be downsizing since not only the family unit is smaller but so too is the wallet size given that once there were two and now there is only one. So these can be very stressful undertakings and considerations. Here are some tips for maneuvering the situation without completely becoming undone in the process.

Want a divorce?: How to tell your husband (or wife) you want a divorce

So. You’ve decided that you want to file for divorce and you are wondering how to break the news to your spouse. Asking for a divorce, or telling your spouse you want a divorce is serious business, not to be handled in a blasé fashion. If you think your spouse will be blindsided, you really need to think about when and how you break the news for any number of reasons.

How to divorce a sports star

Originally published 12/18/08 Well, the first question I have for you as the lawyer is, did you sign a prenup? The second question is, do you have kids? And the third question is, how long were you married? If you didn’t sign a prenup, it’s a whole lot better than if you signed one – for […]

On divorce & real estate: is the economic downturn making selling the marital residence a losing proposition?

Each winter, I try to make a couple of trips out to Bridgehampton via the Long Island Railroad. I find it incredibly beautiful and relaxing and usually tote a few magazines which I can read over the course of the two hour trip. But I hardly ever read because I am always so enamored with the winter […]

NEW YORK: Hartog v. Hartog 605 N.Y.S.2d 749 (1993) Selling the marital residence and splitting the proceeds? You will likely have to also split the taxes

The Hartog case stands for the principle that when the marital residence is sold, the spouse’s distributive share will be reduced by the taxes. That will include capital gains taxes, if any. The capital gains exclusion for a married couple in New York is about $500,000. So if the difference between the selling price and […]