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<description>Cheryl Stein is Manhattan divorce lawyer, New York city divorce lawyer, NYC divorce lawyer and New York County divorce lawyer</description>
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<url>https://cherylsteinesq.com/wp-content/uploads/2024/08/CS-36x36.jpg</url><title>Divorce Finance Archives | Cheryl Stein, Esq.</title><link>https://cherylsteinesq.com/blog/category/divorce-finances/</link>
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<item><title>Taking Age Gaps into Consideration</title><link>https://cherylsteinesq.com/blog/taking-age-gaps-into-consideration/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Mon, 17 Mar 2025 20:50:56 +0000</pubDate>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Financial Planning]]></category>
<category><![CDATA[Postnuptial Agreements]]></category>
<category><![CDATA[Prenuptial Agreements]]></category>
<category><![CDATA[Spousal Support/Maintenance/Alimony]]></category>
<category><![CDATA[Divorce]]></category>
<category><![CDATA[Financial Security]]></category>
<category><![CDATA[Life Insurance Policy]]></category>
<category><![CDATA[Living Wills]]></category>
<category><![CDATA[Postnup]]></category>
<category><![CDATA[Prenuptial Agreement Negotiations]]></category>
<category><![CDATA[Spousal Support]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/?p=3085</guid><description><![CDATA[<p>Love is one of those things that finds you, you don&#8217;t necessarily find it. There are some people who are attracted to someone quite a bit older or younger than themselves. It&#8217;s both rare and not so rare. We all know these types of relationships have been around since the beginning of time. These relationships [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/taking-age-gaps-into-consideration/">Taking Age Gaps into Consideration</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">Love is one of those things that finds </span><i><span
style="font-weight: 400;">you,</span></i><span
style="font-weight: 400;"> you don&#8217;t necessarily find </span><i><span
style="font-weight: 400;">it</span></i><span
style="font-weight: 400;">. There are some people who are attracted to someone quite a bit older or younger than themselves. It&#8217;s both rare and not so rare. We all know these types of relationships have been around since the beginning of time. These relationships are often very happy, loving, and fulfill something in both partners. And no, it’s none of our business — unless you are contemplating a prenuptial agreement.</span></p><p><span
style="font-weight: 400;">It&#8217;s very common, in so-called May-December relationships, for the wife to have the option of taking time off from work to raise the children during their formative years — a move that, in the event of a divorce, could necessitate spousal support.</span></p><p><span
style="font-weight: 400;">I just worked with a woman in this position. During the prenuptial agreement negotiations, her then-fiancé wanted her to waive spousal support despite the realities of the situation – their current income disparity. </span></p><p><span
style="font-weight: 400;">Even though his earnings are much more than hers, she had the foresight to see that he would probably retire much sooner than she would. She could easily imagine an eventual role reversal in which </span><i><span
style="font-weight: 400;">she</span></i><span
style="font-weight: 400;"> would be paying </span><i><span
style="font-weight: 400;">him</span></i><span
style="font-weight: 400;">. </span></p><p><span
style="font-weight: 400;">She needed to have the security of knowing that — if they wound up divorcing at a much later time — her financial security would not turn to shambles. At the same time, she did not want to be on the hook to support him through a life stage that is known for its extreme expenses. </span></p><p><span
style="font-weight: 400;">We came up with creative solutions to address her concerns and protect her in the short and long term for all eventualities.</span></p><p><span
style="font-weight: 400;">The case above provides a relatively common example of how people plan for large age gaps in their marriages. Other, more complicated issues arise if the </span><i><span
style="font-weight: 400;">older</span></i><span
style="font-weight: 400;"> spouse has been married before.</span></p><p><span
style="font-weight: 400;">Let&#8217;s say, a woman is marrying someone 25 years older than her. I want to make sure that this man has a </span><b>life insurance policy specifically designated to her and their joint children</b><span
style="font-weight: 400;"> as opposed to his dependents from his previous marriages. Additionally, estate-planning documents need to be examined and rewritten to reflect the new marriage and its offsprings. Not to mention healthcare proxies and living wills. That’s why it’s often important to include a trusts and estates attorney in your strategy. </span></p><p><span
style="font-weight: 400;">Of course, anything you can do with a prenup, you can also do with a postnup.</span></p><p><span
style="font-weight: 400;">Contact me to learn more: <span
style="text-decoration: underline;"><a
href="https://cherylsteinesq.com/contact" target="_blank" rel="noopener">https://cherylsteinesq.com/contact</a></span>.</span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/taking-age-gaps-into-consideration/">Taking Age Gaps into Consideration</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>Are You an Indian Giver: Understanding Gifts During Marriage</title><link>https://cherylsteinesq.com/blog/are-you-an-indian-giver-understanding-gifts-during-marriage/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Mon, 23 Sep 2024 15:14:52 +0000</pubDate>
<category><![CDATA[Collaborative Divorce]]></category>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce and Children]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Divorce Mediation Process]]></category>
<category><![CDATA[Financial Planning]]></category>
<category><![CDATA[Separation Agreements]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/?p=2880</guid><description><![CDATA[<p>One of the hallmarks of courtship is gift giving. Like love itself, bestowing presents goes back to the beginning of time. If you look beyond our culture and century, cultures around the world have regarded gift giving as a prominent facet of marriage since ancient times. These offerings are often expensive, luxury items and jewels. [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/are-you-an-indian-giver-understanding-gifts-during-marriage/">Are You an Indian Giver: Understanding Gifts During Marriage</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">One of the hallmarks of courtship is gift giving. Like love itself, bestowing presents goes back to the beginning of time. If you look beyond our culture and century, cultures around the world have regarded gift giving as a prominent facet of marriage since ancient times. These offerings are often expensive, luxury items and jewels. Somehow, even needy and middle-of-the-road individuals often come up with the money for this. It&#8217;s important to understand how gifts are classified under the Domestic Relations Law that informs matrimonial law and during a divorce. See, DRL Section 236B: <span
style="text-decoration: underline;"><a
href="https://codes.findlaw.com/ny/domestic-relations-law/dom-sect-236" target="_blank" rel="noopener">https://codes.findlaw.com/ny/domestic-relations-law/dom-sect-236</a></span></span></p><p><span
style="font-weight: 400;">Traditionally, an engagement starts with a diamond ring &#8211; a high-end asset. If the marriage never takes place, by law, the ring reverts to the giver. If the marriage takes place, the engagement ring belongs to the recipient, even if the marital disintegration starts immediately. </span></p><p><span
style="font-weight: 400;">Any other gift given during the time of engagement doesn&#8217;t have the concept of necessary reversion like the ring.</span></p><p><span
style="font-weight: 400;">By law, wedding gifts are marital. That means, presumptively, they&#8217;re split </span><i><span
style="font-weight: 400;">equitably</span></i><span
style="font-weight: 400;"> in New York. When we say “equitable,” we don&#8217;t necessarily mean 50/50; different assets are often split in different allocations &#8211; but wedding gifts do tend to be split 50/50 if the parties are choosing to treat it as a marital asset.</span></p><p><span
style="font-weight: 400;">As wedding gifts are typically bestowed to both parties in their newfound celebration, gifts from third parties expressly given to both parties during the marriage are also marital. Here, the express intent of the giver matters. If, for example, the wife’s father or best friend gives her a gift during the marriage, that would be her separate property, but if the father or best friend gives that same gift and says, “Here is for the two of you to enjoy,” the gift would be marital property. </span></p><p><span
style="font-weight: 400;">I have seen situations where parents will put real property in their married child’s exclusive name and gift it. The act of placing the real property in one party’s name is sufficient to demonstrate their intention to gift it to their child as separate property. Conversely, I have seen instances where parents placed real property in both parties’ names (their child and his/her spouse). In these instances, their child cannot meet the burden of proof that the gift was meant exclusively for them at the time of a divorce. They must share that real property with their soon-to-be ex as marital property. </span></p><p><span
style="font-weight: 400;">Inheritances are a form of a third-party gift given at a loved one’s demise. These gifts are separate property. So long as the inheriting party keeps it separate, the law honors this as separate property. Even if some commingling of it has occurred, if the inheriting party can trace it to the inheritance, they often get recoupment.</span></p><p><span
style="font-weight: 400;">It is only natural that spouses buy things for each other, and these interspousal gifts are marital property under the law. Think of a husband who buys his wife a necklace for her birthday and a wife who buys her husband a one-of-a-kind watch for their anniversary. Those are both interspousal gifts. Their allocation, upon a divorce, is subject to equitable distribution.</span></p><p><span
style="font-weight: 400;">Prenuptial and <a
href="https://cherylsteinesq.com/service/postnuptial-agreements-nyc/">Postnuptial Agreements</a> can elect to opt out of this, and designate all such gifts as separate property. The prenup/postnup can address whose separate property it is. </span></p><p><span
style="font-weight: 400;">Different people designate the gifts as separate or marital property based on their individual values and sensibilities. It is common for clients to say that interspousal gifts will be the recipient’s separate property, but you have people who also want to set a dollar limit, for example, they may feel that all gifts under $4,000 will be the recipients but anything over $4,000 will revert to the giver. </span></p><p><span
style="font-weight: 400;">Some feel that when a marriage is on the heels of divorce, and one party may have even engaged a divorce attorney, the party trying to salvage the marriage will try re-courting their spouse and lavishing them with expensive gifts to reignite endearment. Their sense of justice tells them that if a divorce happens, that expensive inter-spousal gift should revert to them if they used separate property to buy it, because their spouse was already planning on divorcing them and that last ditch effort should not cause them a greater loss. </span></p><p><span
style="font-weight: 400;">These sorts of nuanced permutations are common. Another example of a permutation would be that all wedding gifts will be one of the party’s separate property, because that party paid for most of the wedding. </span></p><p><span
style="font-weight: 400;">Helping clients feel a sense of security through prenuptial and postnuptial agreements is one of my favorite parts of practicing Matrimonial Law. </span></p><p><span
style="font-weight: 400;">If you would like to learn more about how your gifts and assets are classified in a divorce or to draft a prenuptial or postnuptial agreement tailored to your specific priorities, <span
style="text-decoration: underline;"><a
href="https://cherylsteinesq.com/contact" target="_blank" rel="noopener">contact me</a></span></span><span
style="font-weight: 400;"> to schedule a consultation.</span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/are-you-an-indian-giver-understanding-gifts-during-marriage/">Are You an Indian Giver: Understanding Gifts During Marriage</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>Required Reading for Involved Grandparents</title><link>https://cherylsteinesq.com/blog/required-reading-for-involved-grandparents/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Fri, 14 Jun 2024 15:22:28 +0000</pubDate>
<category><![CDATA[Collaborative Divorce]]></category>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce and Children]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Divorce Mediation Process]]></category>
<category><![CDATA[Financial Planning]]></category>
<category><![CDATA[Adult Children]]></category>
<category><![CDATA[Alimony]]></category>
<category><![CDATA[Child Support]]></category>
<category><![CDATA[Child Support Standards Act]]></category>
<category><![CDATA[Financially Support]]></category>
<category><![CDATA[Grandchildren]]></category>
<category><![CDATA[Imputation]]></category>
<category><![CDATA[Maintenance]]></category>
<category><![CDATA[Matrimonial Law]]></category>
<category><![CDATA[Notice of Guideline Maintenance]]></category>
<category><![CDATA[Private School Tuition]]></category>
<category><![CDATA[Spousal Support]]></category>
<category><![CDATA[Standard of Living Analysis]]></category>
<category><![CDATA[Statement of Net Worth]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=993</guid><description><![CDATA[<p>Recommended reading: &#8220;Well Into Adulthood and Still Getting Money From Their Parents&#8221; Wall Street Journal, January 26th, 2024. In order to help their family thrive, many grandparents financially support their adult children and grandchildren. For example, let&#8217;s think about a couple that lives in Manhattan with an income of $350,000 &#8211; $400,000 a year. In many [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/required-reading-for-involved-grandparents/">Required Reading for Involved Grandparents</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">Recommended reading: &#8220;</span><span
style="text-decoration: underline;"><a
href="https://www.wsj.com/personal-finance/financial-help-parents-money-ddc2f277#:~:text=The%20young%2Dadult%20allowance&amp;text=Ripoll%20found%20that%2014%25%20of,have%20been%20stable%20for%20years." target="_blank" rel="noopener"><span
style="font-weight: 400;">Well Into Adulthood and Still Getting Money From Their Parents</span></a></span><span
style="font-weight: 400;">&#8221; </span><i><span
style="font-weight: 400;">Wall Street Journal</span></i><span
style="font-weight: 400;">, January 26th, 2024.</span></p><p><span
style="font-weight: 400;">In order to help their family thrive, many grandparents financially support their adult children and grandchildren. For example, let&#8217;s think about a couple that lives in Manhattan with an income of $350,000 &#8211; $400,000 a year. In many places, that would be a decent amount of money. If someone&#8217;s living on the Upper West Side, Upper East Side, or SoHo, it’s not nearly enough. In these situations, grandparents often give their children very large sums of money on a routine basis as well as make direct payments towards expenses like the grandchildren’s private school tuition and high-end camp experiences. </span></p><p><span
style="font-weight: 400;">I wrote an article called &#8220;Good Samaritan Divorce,&#8221; which talks about how the Good Samaritan often gets “punished” in some way. For your convenience, you can read the article </span><a
href="https://cherylsteinesq.com/blog/good-samaritan-divorce/" target="_blank" rel="noopener"><span
style="font-weight: 400;"><span
style="text-decoration: underline;">here</span>.</span></a></p><p><span
style="font-weight: 400;">What does this have to do with matrimonial law? There are standards and statutes in matrimonial law, and grandparents&#8217; consistent and unwavering financial support can affect the support payments. The general support standards are set forth in “The Child Support Standards Act” and “The Notice of Guideline Maintenance” &#8211; advisory guideline statutes for child support and spousal support (aka maintenance and alimony). </span></p><p><b>The golden rule is maintaining the standard of living.</b></p><p><span
style="font-weight: 400;">At the outset of a divorce case, both sides are required to accurately complete, legally acknowledge, and file with the courts a comprehensive document called a Statement of Net Worth, which sets forth the standard of living. </span></p><p><span
style="font-weight: 400;">The standard of living analysis is the most critical and guiding factor in negotiating support and arriving at a final agreed upon amount. The system wants children’s material lives to remain intact. The system wants the lower income earning spouse to have a window of time when they are getting support from their higher earner ex to give them a cushion and bridge towards being more self-supporting. </span></p><p><span
style="font-weight: 400;">I’ve had many cases where grandparents steadily gave money to their children’s family throughout the marriage to subsidize housing, car payments, parking, vacations, and tuition &#8211; like a weekly or monthly allowance, but for adults.</span></p><p><span
style="font-weight: 400;">If the couple divorces, the idea of imputation comes into play.</span></p><p
style="padding-left: 30px;"><b>Imputation:</b><span
style="font-weight: 400;"> The assignment of a value to something by </span><a
href="https://www.google.com/search?sca_esv=476da7e8abe42804&amp;rlz=1C1ONGR_enUS1053US1053&amp;q=inference&amp;si=AKbGX_onJk-q0LQUYzV7-GRhpJ5DngSsmbr9oaq5CDhnM4-TjUtfxcUz_tEhZDZvS-0vkh19gAsap-zZLE7ndQEGhqgrclKtSOSedbOQ8fzBprDmTYd0NMY%3D&amp;expnd=1"><span
style="font-weight: 400;">inference</span></a><span
style="font-weight: 400;"> from the value of the products or processes to which it contributes.</span></p><p><span
style="font-weight: 400;">Let&#8217;s say it was the husband&#8217;s father that helped support the family, the wife is going to want to come after that additional money, even though it doesn&#8217;t show in the husband&#8217;s W-2 or tax returns &#8211; that’s the inference.</span></p><p><span
style="font-weight: 400;">Some grandparents feel like imputation codifies an agreement that would have happened anyway. Other grandparents react differently and chafe at the idea of being required to do anything. They also don&#8217;t want to be passengers on the roller coaster of their child’s divorce. </span></p><p><span
style="font-weight: 400;">In many instances, grandparents enter into promissory notes with their child for some or all of the funds they give &#8211; thereby making their child their debtor. They are trying to ensure that the monies are legally recorded as debts and not gifts or supplemental income. This is done to shield both the grandparent and their child in the event of a divorce. Both the grandparent and child should, however, consult with a qualified attorney when navigating this strategy. </span></p><p><span
style="font-weight: 400;">Understanding imputations and standard of living analyses takes a skilled matrimonial attorney &#8211; and the more experience they have, the better. </span><span
style="text-decoration: underline;"><a
href="https://cherylsteinesq.com/contact-us.html"><span
style="font-weight: 400;">Contact me</span></a></span><span
style="font-weight: 400;"> at The Law &amp; Mediation Office of Cheryl Stein to schedule a consultation.</span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/required-reading-for-involved-grandparents/">Required Reading for Involved Grandparents</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>The Interplay Between Divorce and Immigration: Part 2</title><link>https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-2/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Wed, 03 Apr 2024 17:43:32 +0000</pubDate>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce and Immigration]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Immigration]]></category>
<category><![CDATA[Matrimonial Law]]></category>
<category><![CDATA[Prenuptial Agreements]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=975</guid><description><![CDATA[<p>In last month&#8217;s article, we spoke about the intersection between matrimonial law and immigration in broad brushstroke terms. In this article, we parse out specific red flags and nuances to look out for in cases where immigration is a factor.  Prenuptial Agreements:   Many citizens who marry immigrants choose to have a Prenuptial Agreement in place [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-2/">The Interplay Between Divorce and Immigration: Part 2</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;"><span
style="text-decoration: underline;"><a
href="https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-1/" target="_blank" rel="noopener">In last month&#8217;s article</a></span>, we spoke about the intersection between matrimonial law and immigration in broad brushstroke terms. In this article, we parse out specific red flags and nuances to look out for in cases where immigration is a factor. </span></p><p><b>Prenuptial Agreements:</b><span
style="font-weight: 400;">  </span></p><p><span
style="font-weight: 400;">Many citizens who marry immigrants choose to have a Prenuptial Agreement in place prior to entering the marriage. </span></p><p><span
style="font-weight: 400;">Prenuptial Agreements are a sound measure for their protection and I highly recommend them. But, if you are doing a Prenuptial Agreement, you need to do it the right way. Make sure you are not just pushing meaningless ineffective paper around that isn&#8217;t worth the paper it&#8217;s written on. </span></p><p><span
style="font-weight: 400;">Many marriages involving immigrants happen in a speed of lightning way to offer the immigrant protection. The problem is that Prenuptial Agreements should not be done in such a mirrored manner. Chik chak hurried for a Prenup is asking for problems if the Prenup is later questioned and challenged. </span></p><p><span
style="font-weight: 400;">It is especially important that the Prenup be objectively fair and one that a reasonable person of sound mind and not at the heels of utter desperation would sign. </span></p><p><span
style="font-weight: 400;">It is also critical that both parties be represented by attorneys. I am often the lead drafting attorney. My clients time and again ask me if their soon to be spouse really &#8211; truly &#8211; absolutely needs their own attorney? Like they are willing me to respond something other than an unequivocal, affirmative, and trumpeting YES! </span></p><p><span
style="font-weight: 400;">These Prenups also tend to demarcate all property as exclusive separate property of the parties as dictated by title of ownership. </span></p><p><span
style="font-weight: 400;">While many Prenups do this, the Prenups involving immigrants do so at a higher average than others. Exclusive separate property Prenups, such as these, are an opt out of the New York Domestic Relations Law that dictates that acquisitions after the marriage date are marital, and to be split equitably, regardless of how title is held. </span></p><p><span
style="font-weight: 400;">See, </span><span
style="text-decoration: underline;"><a
href="https://www.nysenate.gov/legislation/laws/DOM"><span
style="font-weight: 400;">https://www.nysenate.gov/legislation/laws/DOM</span></a></span><span
style="font-weight: 400;">; </span><span
style="text-decoration: underline;"><a
href="https://www.nysenate.gov/legislation/laws/DOM/236" target="_blank" rel="noopener"><span
style="font-weight: 400;">https://www.nysenate.gov/legislation/laws/DOM/236</span></a></span><span
style="font-weight: 400;">.</span></p><p><span
style="font-weight: 400;">As we noted in “<a
href="https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-1/" target="_blank" rel="noopener"><span
style="text-decoration: underline;">The Intersection between Divorce &amp; Immigration: Part 1</span></a>,” joint and commingled finances is one of the cogent persuasive points of evidence the immigration authorities look for to satisfy them that a marriage involving an immigrant is a bona fide marriage. </span></p><p><span
style="font-weight: 400;">So, we need to satisfy the seeming contradiction of a Prenup that designates all property as separate and the immigration authority&#8217;s criteria of evidence demonstrating joint ownership and commingled finances. </span></p><p><span
style="font-weight: 400;">We do this by carving out an allowance in the Prenup for a joint household account held in joint names. There is no minimum the parties must maintain in this account. The question becomes how the account funds would be split in the event of a divorce. Cash accounts are most typically split equally in divorce, but for these couples, we often specify in the Prenup that the funds will be split pro rata to contribution so that the spouse who funded it more heavily does not lose out. </span></p><p><b>International Travel with Children:</b></p><p><span
style="font-weight: 400;">What comes to mind most commonly is a fear that the immigrant parent will abscond with the children back to their native country and create hardship and aggravation for the American parent to get the children back. Depending on the immigrant parent&#8217;s country of origin and such country’s recognition of international law and conventions, this can be a real concern. We often work with international experts for these cases. You would also want to look at the Hague Convention and signatory countries to better grasp your situation. Non-signatory countries should justifiably evoke a healthy dose of trepidation and concomitant precautionary measures to ensure the children remain safely on American soil. See here to learn more:</span></p><p><span
style="text-decoration: underline;"><a
href="https://travel.state.gov/content/travel/en/International-Parental-Child-Abduction.html" target="_blank" rel="noopener"><span
style="font-weight: 400;">https://travel.state.gov/content/travel/en/International-Parental-Child-Abduction.html</span></a></span></p><p><span
style="font-weight: 400;">Another aspect though is the perspective of the immigrant parent. They want protection and assurance that the children will be able to travel to their native country to spend time with grandparents and cousins for, say, a summer or long holiday break. The desire for the children to develop a strong relationship with family members abroad and also be immersed in the native culture of the immigrant parent sings loudly. This is often honored by the American parent as they too recognize the enriching benefits this can have on the children. We can address this by specifying in the parties’ divorce agreement the times and parameters for such extended travel and visits the children may have with extended family abroad. So long as the visits are to a country that is a signatory to the Hague Convention, the cost benefit analysis of them weighs in favor of the benefits. </span></p><p><span
style="font-weight: 400;">To learn more about these and further nuances of marriages and divorces involving an immigrant spouse and how to handle them, including: a) VAWA (The Violence Against Women Act</span><span
style="font-weight: 400;">, 34 U.S.C. § 12471 et seq.</span><span
style="font-weight: 400;">) claims and protections where domestic violence is involved (See here:  </span><span
style="text-decoration: underline;"><a
href="https://www.uscis.gov/humanitarian/abused-spouses-children-and-parents" target="_blank" rel="noopener"><span
style="font-weight: 400;">https://www.uscis.gov/humanitarian/abused-spouses-children-and-parents</span></a></span><span
style="font-weight: 400;">); in addition to those cases where, unfortunately, VAWA is manipulated and domestic violence is falsely claimed to gain an advantage; as well as b) difficulty locating your spouse when it’s time to serve them with the summons for divorce because they conveniently disappeared into the thickets of their ethnic enclave communities, contact The Law &amp; Mediation Offices of Cheryl Stein at </span><a
href="https://www.cherylsteinesq.com" target="_blank" rel="noopener"><span
style="font-weight: 400;">https://www.cherylsteinesq.com</span></a><span
style="font-weight: 400;">.</span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>&nbsp;</p><p>The post <a
href="https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-2/">The Interplay Between Divorce and Immigration: Part 2</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>The Interplay Between Divorce and Immigration: Part 1</title><link>https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-1/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Sun, 10 Mar 2024 18:36:07 +0000</pubDate>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce and Immigration]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[American Citizen]]></category>
<category><![CDATA[Bona Fide Marriage]]></category>
<category><![CDATA[Divorce]]></category>
<category><![CDATA[Immigration]]></category>
<category><![CDATA[United States Citizenship]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=964</guid><description><![CDATA[<p>With the upcoming presidential election, crisis at the border, flood of migrants, and New York City being a sanctuary city, the topic of immigration has been getting a lot of air time, with all its inherent controversies and polar view-points.   The magnified “crisis&#8221; is confined in scope to the illegal immigration issue.   Untarnished by the [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-1/">The Interplay Between Divorce and Immigration: Part 1</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">With the upcoming presidential election, crisis at the border, flood of migrants, and New York City being a sanctuary city, the topic of immigration has been getting a lot of air time, with all its inherent controversies and polar view-points.  </span></p><p><span
style="font-weight: 400;">The magnified “crisis&#8221; is confined in scope to the illegal immigration issue.  </span></p><p><span
style="font-weight: 400;">Untarnished by the mass media coverage is the uncontroversial paths towards legal immigration that have been steadfast and secure bastions for many years.  </span></p><p><span
style="font-weight: 400;">A longstanding path is legally obtaining United States citizenship via marriage to an American citizen. See also, </span><span
style="text-decoration: underline;"><a
href="https://www.ice.gov" target="_blank" rel="noopener"><span
style="font-weight: 400;">https://www.ice.gov</span></a></span><span
style="font-weight: 400;">.  </span></p><p><span
style="font-weight: 400;">United States citizenship is one of the greatest assets we have. We sometimes take this for granted. It is incredibly sought after by many have-nots.  </span></p><p><span
style="font-weight: 400;">America on its worst days is better than many other countries on their best days.  </span></p><p><span
style="font-weight: 400;">We interviewed renowned immigration attorney Candice L. Ackermann, Esq. of Visa Law Pros &#8211; <span
style="text-decoration: underline;"><a
href="http://www.visalawpros.com" target="_blank" rel="noopener">www.visalawpros.com</a></span> &#8211; to discuss the intersection between divorce and immigration.</span></p><p><span
style="font-weight: 400;">The golden rule is that a marriage entered into between a US citizen and non-US citizen needs to be a “bona fide marriage” at the time it is entered into to be recognized by immigration. A bona fide marriage forges the legal path of citizenship for the immigrant spouse. </span></p><p><span
style="font-weight: 400;">A bona fide marriage must be proven to the immigration authorities with evidence and documentation.  </span></p><p><span
style="font-weight: 400;">The two most powerful pieces of evidence are proof of joint residence and commingling of marital funds, such as a joint bank account.  </span></p><p><span
style="font-weight: 400;">None of us are so naive as to believe that all these marriages are authentic. We all assume that a percentage is based on artifice &#8211; a couple portraying the surface layer optics of a marriage &#8211; a citizen helping an immigrant friend or acquaintance as a benevolent gesture or in exchange for something tangible or intangible promised.  </span></p><p><span
style="font-weight: 400;">But a percentage &#8211; larger than you may think &#8211; of these marriages are based on a genuine desire to build a life with the other person.  </span></p><p><span
style="font-weight: 400;">Notwithstanding such aspirational marital goals at the outset, with an overall high divorce rate in this country, these marriages are, obviously, just as likely or unlikely to fail and end up in divorce as any other.  </span></p><p><span
style="font-weight: 400;">Trouble comes when the marriage irretrievably breaks down within the first two years and before the final immigration interview to remove conditions to the immigrant spouse’s green card.  </span></p><p><span
style="font-weight: 400;">Timing is critical. If the immigrant spouse can prove the marriage was bona fide when entered into, they usually don’t have to worry if a divorce action is commenced prior to their final immigration interview, but this is not a bullet-proof catch-all. There are exceptions and nuances that need to be accounted for on a case-by-case basis.  </span></p><p><span
style="font-weight: 400;">If you and your spouse find yourself in this conundrum and you have questions about an inevitable and impending divorce, contact us at The Law &amp; Mediation Offices of Cheryl Stein &#8211; </span><span
style="text-decoration: underline;"><a
href="https://cherylsteinesq.com" target="_blank" rel="noopener"><span
style="font-weight: 400;">www.cherylsteinesq.com</span></a></span><span
style="font-weight: 400;"> &#8211; to learn more.</span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/the-interplay-between-divorce-and-immigration-part-1/">The Interplay Between Divorce and Immigration: Part 1</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>Victimhood Has Currency</title><link>https://cherylsteinesq.com/blog/victimhood-has-currency/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Mon, 26 Feb 2024 16:17:22 +0000</pubDate>
<category><![CDATA[Collaborative Divorce]]></category>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Financial Planning]]></category>
<category><![CDATA[Divorce]]></category>
<category><![CDATA[Legal Community]]></category>
<category><![CDATA[Marriage]]></category>
<category><![CDATA[Married Couples]]></category>
<category><![CDATA[Postnuptial Agreement]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=937</guid><description><![CDATA[<p>Most people spin conflict so that they are the victor or the victim. Here’s why it’s important to keep that instinct in check. The legal community focuses heavily on the topic of domestic violence with continuing legal education seminars and pro bono clinics. There is even a specialized court called the IDV court (integrated domestic [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/victimhood-has-currency/">Victimhood Has Currency</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p>Most people spin conflict so that they are the victor or the victim. Here’s why it’s important to keep that instinct in check.</p><p>The legal community focuses heavily on the topic of domestic violence with continuing legal education seminars and pro bono clinics. There is even a specialized court called the IDV court (integrated domestic violence), where the family law cases that have alleged elements of domestic violence are adjudicated.</p><p>Abuse comes in many forms &#8211; emotional, physical, sexual, and financial. Courts take abuse into consideration and use it as a factor in equitable distribution and spousal support, often increasing the amount of money an abused party will get. So, there is monetary compensation for it.</p><p>There is a case J.N v. T.N., in which the abuse was found to be so grave, the court awarded the abused party 85% of the marital assets. The case can be found here: <span
style="text-decoration: underline;"><a
href="https://law.justia.com/cases/new-york/other-courts/2022/2022-ny-slip-op-22310.html" target="_blank" rel="noopener">https://law.justia.com/cases/new-york/other-courts/2022/2022-ny-slip-op-22310.html</a></span>. See also, DRL Section 236(B)(5)(d)(14), which can be found here: <span
style="text-decoration: underline;"><a
href="https://www.nysenate.gov/legislation/laws/DOM/236" target="_blank" rel="noopener">https://www.nysenate.gov/legislation/laws/DOM/236</a></span>.</p><p>Abuse is also an obvious factor in custody determinations, as logically, children should have measured and protected engagements with an abusive parent. Trouble comes, however, when one party exaggerates or fabricates allegations of abuse to gain monetary and custodial advantages. The irony being that such a party abuses the abuse claim as a punitive and self-enriching weapon.</p><p>For example, conjure the not uncommon case of a wife calling the police on her husband, purely as a child custody tactic. In doing so, she thinks she can get the upper hand by forcing the creation of a police record for her husband &#8211; all without thinking of the implications. The wife here is so blinded by her personal ambition of gaining full custody that she fails to see the bigger picture &#8211; that her husband would get fired if there was any hint of an abuse allegation in his private life. Whether or not the allegation was true, the allegation&#8217;s mere existence was a glaring indelible black mark against him. What she thought would help her in her custody case turned out to be a very silly move for the financials. Since her ex is now unemployed and virtually unemployable at the level of income he was making at a top bank, she is limited in the support she can get. Moreover, because the court felt her call to the police was disingenuous, she ended up being penalized on the custody front.</p><p>Everything done in divorce has a cost-benefit analysis. As highlighted above, when vindictive parties are too myopic in their strategy, they end up losing on multiple fronts.</p><p>One of the consequences of the victimhood claim is that it often keeps very unhappily married couples married.</p><p>I have seen many situations where a theme of the marriage is &#8211; “You are the reason for all my unhappiness and misery, and if we get divorced, I will make your life a living hell.”</p><p>The party being blamed chooses to stay in the marriage because they view this as a real threat. Despite their misery, it is a misery they know and have lived with for years, which to them, beats the unknown behemoth of misery their spouse vows to ascend on them if the parties divorce.</p><p>I often get <a
href="https://cherylsteinesq.com/service/postnuptial-agreements-nyc/">postnuptial agreement</a> inquiries from this category of married couples.</p><p>To learn more about how genuine and fabricated abuse allegations can impact marriage and divorce, contact The Law &amp; Mediation Offices of Cheryl Stein.</p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/victimhood-has-currency/">Victimhood Has Currency</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>Protecting Your Business Partners from Your Marital Fallout</title><link>https://cherylsteinesq.com/blog/protecting-your-business-partners-from-your-marital-fallout/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Tue, 23 Jan 2024 19:11:11 +0000</pubDate>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Financial Planning]]></category>
<category><![CDATA[Separation Agreements]]></category>
<category><![CDATA[Assets]]></category>
<category><![CDATA[Business Partners]]></category>
<category><![CDATA[Corporate]]></category>
<category><![CDATA[Discovery]]></category>
<category><![CDATA[Finance Positions]]></category>
<category><![CDATA[Investments]]></category>
<category><![CDATA[Marital Fallout]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=924</guid><description><![CDATA[<p>Most people are prepared to undergo intense scrutiny and background checks when entering into a business partnership or for consideration to high-level corporate and finance positions.  It’s a common occurrence meant to unearth skeletons and expose red flags in your life.  The business partners or corporation want to know how your problems may become their [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/protecting-your-business-partners-from-your-marital-fallout/">Protecting Your Business Partners from Your Marital Fallout</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">Most people are prepared to undergo intense scrutiny and background checks when entering into a business partnership or for consideration to high-level corporate and finance positions. </span></p><p><span
style="font-weight: 400;">It’s a common occurrence meant to unearth skeletons and expose red flags in your life. </span></p><p><span
style="font-weight: 400;">The business partners or corporation want to know how your problems may become their problems if you are onboarded and welcomed into their fold. </span></p><p><span
style="font-weight: 400;">Your prospective or current marriage may be one of the things they look at with discomfiting interest. </span></p><p><span
style="font-weight: 400;">There is ostensibly a good reason for this personal invasion of privacy. Divorce has the potential to shine a spotlight on your business interests and investments in what’s called “Discovery.”</span></p><p><span
style="font-weight: 400;">Discovery is a mutual exchange of financial documentation during divorce. It includes all income, assets/investments, and debts. It is an exhaustive and time-consuming process meant to ensure that all cards are on the table and there is full transparency relating to the divorcing parties’ individual and collective finances. The intended endgame is a fair and equitable financial settlement agreement. </span></p><p><span
style="font-weight: 400;">The inevitable consequence is the required production of documentation relating to business interests and investments. This makes prospective business partners queasy as they typically don’t want confidential documentation relating to their business exposed in your divorce. </span></p><p><span
style="font-weight: 400;">To give you some examples, one of my divorcing clients had 3 business partners. It was a very successful hands-on business and all 4 of them were actively involved on a day-to-day basis. Typically, I meet with my clients alone and we loop in their accountant and other professionals when needed. In this instance, all 4 business partners insisted on being at all meetings relating to the business, its valuation, forensic accounting, and documentation that would be produced. My client’s wife was seeking a marital portion of the business (of which my client was a quarter owner). She was also trying to understand its income structure and claimed there had been downward manipulation of income in anticipation of divorce – a fallacious assertion, which we needed to refute. </span></p><p><span
style="font-weight: 400;">Another example is a frantic phone call I received from a new client. He was in Europe for a corporate meeting with his business partners. His wife called him during the meeting to tell him she was seeking an immediate divorce. His business partners overheard and became so concerned as to how they would be affected that they told him to call me immediately on speaker phone and explain to them the process of discovery, equitable distribution, and allocation of business interests under NY divorce law. </span></p><p><span
style="font-weight: 400;">Fortunately, there are preventative measures to cut such problems off at the pass, including prenuptial and <a
href="https://cherylsteinesq.com/service/postnuptial-agreements-nyc/">postnuptial agreements</a>. </span></p><p><span
style="font-weight: 400;">For prospective or current business owners a very popular prenuptial or postnuptial clause is making a business separate property, and moreover, barring discovery of the business. </span></p><p><span
style="font-weight: 400;">This clause is one I am strongly in favor of when I represent the business owner and one that I am strongly against when I represent the non-business owner. However, everything can be made possible for the right price. If it is used as a barter for something worthwhile I can get for my client, it is open for discussion. </span></p><p><span
style="font-weight: 400;">Negotiating any prenup or postnup involves a lot of listening and diplomacy because we are trying to foster a marriage and engender love, endearment, and a sense of fairness between the parties. It needs to work for both parties, not just one. </span></p><p><span
style="font-weight: 400;">However, prenups and postnups are also instruments where strong advocacy for one’s client is needed to ensure the client is protected.  </span></p><p><span
style="font-weight: 400;">We need to walk a fine line and be careful how we tread and define terms. If we are too inflexible with our own client’s interests in complete disregard of the other party’s interests, it can backfire. </span></p><p><span
style="font-weight: 400;">For more information on prenuptial and postnuptial agreements and walking the fine line of negotiating your ideal terms, contact The Law &amp; Mediation Offices of Cheryl Stein. </span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/protecting-your-business-partners-from-your-marital-fallout/">Protecting Your Business Partners from Your Marital Fallout</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>Title Doesn’t Matter</title><link>https://cherylsteinesq.com/blog/title-doesnt-matter/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Mon, 24 Jul 2023 15:42:19 +0000</pubDate>
<category><![CDATA[Divorce Agreements]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Financial Planning]]></category>
<category><![CDATA[Assets]]></category>
<category><![CDATA[Businesses]]></category>
<category><![CDATA[Divorce]]></category>
<category><![CDATA[Inheritance]]></category>
<category><![CDATA[Marital Property]]></category>
<category><![CDATA[Marriage]]></category>
<category><![CDATA[Prenuptial and Postnuptial Agreements]]></category>
<category><![CDATA[Titles]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=915</guid><description><![CDATA[<p>In marriage, title doesn&#8217;t matter. Titles to houses, cars, accounts and businesses can all get overridden by the statute and court system in a divorce.   I often do consultations where people say things like, “I&#8217;m married, but we keep everything separate.” They operate under the assumption that, because each party has assets in their own [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/title-doesnt-matter/">Title Doesn’t Matter</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">In marriage, title doesn&#8217;t matter. Titles to houses, cars, accounts and businesses can all get overridden by the statute and court system in a divorce.  </span></p><p><span
style="font-weight: 400;">I often do consultations where people say things like, “I&#8217;m married, but we keep everything separate.” They operate under the assumption that, because each party has assets in their own name, it’s separate property under the law. They think that the default in a marriage tips to individual title, and that the only things that are jointly owned are whatever has been purchased jointly and/or is held in joint names – unfortunately for them, this is a gross misconception. </span></p><p><b>Everything purchased during the marriage is presumptively marital property, regardless of title.</b><span
style="font-weight: 400;"> The burden of proof is on the person who wants to prove otherwise. </span></p><p><span
style="font-weight: 400;">For example, someone might purchase a property in their separate name during marriage. However, title in their sole name doesn’t matter. The overriding presumption is that everything purchased after the date of marriage is marital property. </span></p><p><span
style="font-weight: 400;">Inheritance is, by definition, separate property. That said, if someone uses their inheritance money to purchase a property that they put in their separate name — and then they use money earned during the marriage to pay towards the equity and the principal on the mortgage — then that person has commingled and made a portion of that house marital property. </span></p><p><span
style="font-weight: 400;">Businesses are handled a bit differently. When it comes to businesses, the titled spouse does get a leg up, and the non-titled spouse is typically entitled to smaller percentages than other aspects of equitable distribution, such as accounts, that weigh in favor of 50/50 splits. Non-titled spouses typically get approximately 5% – 33% of the value of the business interest, and where they fall on the spectrum and whether the court would go outside of this most common range is based on the direct and indirect contributions each spouse has made to the business. Let’s say a husband has a contracting business in his exclusive name, as appears on the corporate and business documents, his wife is presumptively entitled to a portion of the business, even though she is a non-titled spouse. </span></p><p><span
style="font-weight: 400;">Prenuptial and <a
href="https://cherylsteinesq.com/service/postnuptial-agreements-nyc/">postnuptial agreements</a> offer a means to explicitly delineate personal separate property from joint marital property. Their flexibility allows us to go above and beyond what the law provides and create unique solutions that make sense for the situation. </span></p><p><span
style="font-weight: 400;">To learn more and appropriately protect your rights and interests, </span><a
href="https://www.cherylsteinesq.com/contact-us.html"><span
style="font-weight: 400;">contact us</span></a><span
style="font-weight: 400;">.</span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/title-doesnt-matter/">Title Doesn’t Matter</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
</item>
<item><title>Spouse or Competitor</title><link>https://cherylsteinesq.com/blog/spouse-or-competitor/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Fri, 19 May 2023 16:24:12 +0000</pubDate>
<category><![CDATA[Collaborative Divorce]]></category>
<category><![CDATA[Divorce & Personality Disorder]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Separation Agreements]]></category>
<category><![CDATA[Business Relationships]]></category>
<category><![CDATA[Competitors]]></category>
<category><![CDATA[Divorcing Spouses]]></category>
<category><![CDATA[High Achievers]]></category>
<category><![CDATA[Married]]></category>
<category><![CDATA[Profit Distribution]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=907</guid><description><![CDATA[<p>Over my career, I’ve seen many cases in which the parties act more like top-tier competitors as opposed to loving spouses and partners. This almost always causes one of them to feel badly about the relationship because they can’t help but compare their “worth” to their partner’s. They may feel like they’re always outwitted and [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/spouse-or-competitor/">Spouse or Competitor</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">Over my career, I’ve seen many cases in which the parties act more like top-tier competitors as opposed to loving spouses and partners. This almost always causes one of them to feel badly about the relationship because they can’t help but compare their “worth” to their partner’s. They may feel like they’re always outwitted and somehow beaten by them. </span></p><p><span
style="font-weight: 400;">Usually, dynamics like these involve two highly skilled and highly successful professionals. For example:</span></p><p
style="padding-left: 30px;"><span
style="font-weight: 400;">A couple was running a medical practice together, and it just worked out that one of them drummed up a lot more business. Projects were dominated by that spouse, and patients asked for them, specifically. </span></p><p
style="padding-left: 30px;"><span
style="font-weight: 400;">While married, the couple kept the profit distribution for the business at 50/50. It’s a great business with great clients, so they want it to continue. As part of the settlement, they agreed to change the profit model of the business to account for who brings in more dollars. </span></p><p><span
style="font-weight: 400;">When divorcing spouses are business partners, they may end up hoarding business relationships, just as we see when parties to a divorce become territorial with their mutual friends.    </span></p><p><span
style="font-weight: 400;">Another common dynamic I see in all types of high achievers, whether they work for themselves or someone else, is that both partners work hard during the week — but one of them really prefers to do nothing on the weekends. Their spouse is someone who takes every pottery class, goes to every wine tasting, and learns every language. That, too, will plant a seed for some type of inequality of effort. To be clear, there are some situations where two people like that can coexist if there is one that doesn&#8217;t mind doing things on their own. </span></p><p><span
style="font-weight: 400;">I&#8217;m often very inspired by my clients and my cases. I see my clients go through tremendous grief, stuck in a relationship that&#8217;s supposed to be loving, yet feeling like they&#8217;re constantly competing. You wish that — somehow in their adult life — they can manage to overcome that and reach a happier place within themselves. It’s rewarding when they start dating other people and see first-hand that there are much more peaceful individuals out there. </span></p><p><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/spouse-or-competitor/">Spouse or Competitor</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></content:encoded>
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<item><title>It Ain’t Over ‘Til the Fat Lady Sings</title><link>https://cherylsteinesq.com/blog/it-aint-over-til-the-fat-lady-sings/</link>
<dc:creator><![CDATA[Cheryl Stein]]></dc:creator>
<pubDate>Thu, 12 May 2022 21:49:55 +0000</pubDate>
<category><![CDATA[Divorce and Children]]></category>
<category><![CDATA[Divorce Finance]]></category>
<category><![CDATA[Divorce Mediation Process]]></category>
<category><![CDATA[Separation Agreements]]></category>
<category><![CDATA[Divorce Agreement]]></category>
<category><![CDATA[Legal Battles]]></category>
<category><![CDATA[Spousal Support]]></category>
<category><![CDATA[Unemancipated Children]]></category>
<guid
isPermaLink="false">https://cherylsteinesq.com/blog/?p=851</guid><description><![CDATA[<p>A basic tenet of “fight or flight” is that when people are in an extreme state of anxiety, they&#8217;ll do nearly anything to relieve that immediate pressure and discomfort to get themselves to a more bearable state. This describes what divorced people go through quite well. People crave resolution and a path forward. There&#8217;s this [&#8230;]</p><p>The post <a
href="https://cherylsteinesq.com/blog/it-aint-over-til-the-fat-lady-sings/">It Ain’t Over ‘Til the Fat Lady Sings</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
]]></description>
<content:encoded><![CDATA[<p><span
style="font-weight: 400;">A basic tenet of “fight or flight” is that when people are in an extreme state of anxiety, they&#8217;ll do nearly anything to relieve that immediate pressure and discomfort to get themselves to a more bearable state. This describes what divorced people go through quite well. People crave resolution and a path forward. There&#8217;s this hope that when you finally enter an agreement, everyone will be able to breathe a sigh of relief</span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">I don’t relish being a party pooper, but I always remind clients, “It&#8217;s not over ‘til the fat lady sings!” </span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">What does this mean in the context of divorce? It means that, if you have unemancipated children, you will likely be revisiting parts of your divorce agreement time and again as they grow older and unanticipated events occur, one of you wants to relocate, one of you loses a job and needs to modify child support and for a plethora of other reasons. Many divorced parents end up going back to court until their children are emancipated — and possibly afterwards if there are child support arrears. </span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">Sometimes, the divorce agreement is just the beginning of the legal battles. Unfortunately, this can be true even for prescient, well thought out and meticulously drafted agreements, but obviously in the latter instances, there is less exposure, so having a really solid tight-knit initial agreement in place, which leaves room for less loopholes, is key, albeit not bulletproof.  </span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">Maintenance and spousal support are modifiable. Even if someone waives spousal support in their agreement, there is case law in which — 10 years after the agreement — one party was going to be a ward of the state and sued for maintenance. The judge ruled that maintenance had to be paid, which sounds perturbing and off-base, but the court will first look at the ex-spouse rather than let the other person be a ward of the state. Even if you try to waive support, or negotiate a certain amount, that is all modifiable. Notably, maintenance is harder to modify than child support, which has a much lower bar for modification, and includes the classic 3 bases: passage of 3 years; 15% increase or decrease in either party’s income; and a substantial change in circumstances. </span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">The permissibility of modification for custody holds true as well. You can have one party awarded custody because the other party was a total disaster at the time of divorce. The parent unfit at the time of the divorce can always come back later and say, &#8220;I rehabilitated myself. I need to be the joint custodial parent now&#8221; and proceed to demonstrate substantial changes in circumstances since the initial agreement and judgment of divorce were signed off on to prove their point and elevate their custodial standing.   </span></p><p><span
style="font-weight: 400;">These requests to change custody agreements and modify child support and maintenance are very common and the post-judgment part in court is more backed up than the parts that handle the initial divorces. </span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">The same occurs with challenges and attempts to overturn prenuptial and <a
href="https://cherylsteinesq.com/service/postnuptial-agreements-nyc/">postnuptial agreements</a>. People often state that their prenup or postnup was signed under duress or coercion, or perhaps they didn&#8217;t have an attorney look at it and didn’t understand what they were signing. It is critical that attorneys who represent clients in these agreements strategize and have the necessary foresight to prevent such an eventual catastrophe to their client. </span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">Life circumstances change. People change their minds. Whatever reasons that they come up with, valid or invalid, people often want to get out of deals — and there’s nothing unusual about that.</span></p><p
style="text-align: justify;"><span
style="font-weight: 400;">To learn more about your specific circumstances, please contact us at <a
href="mailto:cheryl@cherylsteinesq.com">cheryl@cherylsteinesq.com</a>.</span></p><p
style="text-align: justify;"><strong>Cheryl Stein, Esq.</strong><br
/>
<strong>The Law and Mediation Offices of Cheryl Stein</strong><br
/>
745 Fifth Avenue, Suite 500<br
/>
New York, NY 10151<br
/>
Phone: (646) 884-2324<br
/>
E-mail: <a
href="mailto:Cheryl@CherylSteinEsq.com">cheryl@cherylsteinesq.com</a></p><p>The post <a
href="https://cherylsteinesq.com/blog/it-aint-over-til-the-fat-lady-sings/">It Ain’t Over ‘Til the Fat Lady Sings</a> appeared first on <a
href="https://cherylsteinesq.com">Cheryl Stein, Esq.</a>.</p>
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