Financial Issues

Child support is mandated by law and is calculated based upon a percentage of income. If both parties are employees earning income that is reported on a W-2 form at year’s end, the calculation is a simple mathematical computation… read more

Alimony (now called maintenance) may be awarded when the marriage is of long duration and there is a substantial difference in earning capacity. For instance, in a 25-year marriage where the husband has a large income and… read more

Under New York State’s equitable distribution law, there are two kinds of property. Separate property is property acquired prior to marriage, or property acquired through inheritance. Separate property belongs to the party who has title to it… read more