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Lois M. Brenner, Esq. Lois M. Brenner, Esq.
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Women's Rights

New York Women’s Rights Lawyer

Evaluate the Nature of Your Divorce Settlement

All women considering divorce should remember a number of key points. First, a settlement that appears equal but is not particularly liquid may make for hard times in the future. For example, if a wife receives the house when marital property is distributed—an illiquid asset—and her husband receives investments—which are generally more liquid—she may have a hard time keeping the house. Maintaining a house requires cash flow, which can present a significant challenge for many former wives.

Consider the Tax Consequences of Your Settlement

Secondly, it is important for women to remember that tax consequences can greatly affect the value of a settlement. For example, the rules on retirement accounts can be complicated. When a large portion of the settlement is in retirement assets, the recipient should have knowledge about the potential tax ramifications and penalties. A Qualified Domestic Relations Order (QDRO) can be used to transfer money to a former spouse without penalty, which is something you should discuss with your lawyer.

Remember that Your Debts Will Also Be Divided

Additionally, women should remember that, when they file for divorce, they will divide more than just their assets – they may also divide their debts. Creditors don’t care about the terms and conditions of a separation agreement. They want their money, and they will not hesitate to go after both spouses to get it. For this reason, it would be wise for spouses to negotiate these details in a divorce settlement between themselves.

Protect Your Financial Security with a Life Insurance Policy

Finally, a woman would be well-advised to include a provision in her divorce settlement detailing the need for her former spouse to carry life insurance. This can help safeguard her own financial security, as well as that of her children, in the event that her former spouse dies an untimely death. Life insurance can be used to insure the payment of child support, alimony, and property settlements.

Contact our team at Lois M. Brenner, Esq. (646) 663-4546 for more information.

 

    “She is responsive, and answered my emails within a couple of minutes every time. Highly rated!”
    Lois acted as the mediator in my divorce, and she was absolutely excellent. It was a very difficult time for me personally, but Lois made the process as easy and painless as it could possibly have been. She listened to each of us separately, and made thoughtful and helpful suggestions. She is fair, and seemed to genuinely care about finding a solution that was best for both parties. Lois is perfectly qualified to handle this type of situation, given her background in psychology. She truly understands people, and used this ability to keep my ex-husband and I calm, and smoothly navigate a few tricky situations. I felt very understood by Lois, and think that she not just a top-quality attorney, but also a very decent person. She is responsive, and answered my emails within a couple of minutes every time. Highly rated!
    “Thank you for doing such a tremendous job!”
    “Thank you for doing such a tremendous job!”
    - Bill
    “Remarkable lawyer and lady!”
    Lois Brenner is a remarkable attorney and compassionate advocate for dads. She guided me when I was confused and didn't know what to do to get shared custody of my daughter. She encouraged me to stay strong and to fight, and she negotiated a much better custody arrangement than my previous lawyer. What great attorney. Thank you Ms. Brenner
    - Christoff
    “Expert, Compassionate Counsel”
    “Expert, Compassionate Counsel”
    - Alisa
    “We saved thousands of dollars!”
    “We saved thousands of dollars!”
    - Gloria
    “Lois is the absolute best”
    Connecting with Lois was the best thing that could have happened during what has been very difficult and fraught divorce. Lois took on my case with knowledge, wisdom and care that have been above and beyond in every way. She recognized abusive and unstable behavior in my ex-husband, and offered both strong legal guidance, as well as personal encouragement and strength to stand up to him. Her support has been invaluable to me, and I am so deeply grateful for everything she has done in helping forge a better more stable future for me and for my son.
    - SC
    “Thank You, Thank You, Thank You!”
    “Thank You, Thank You, Thank You!”
    - Sara and Jeff
    “You are New York’s best divorce lawyer!”
    “You are New York’s best divorce lawyer!”
    - Danielle

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