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.
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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
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“We saved thousands of dollars!”- Gloria
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When I first decided to hire a divorce attorney, I thought a male attorney would be best. Lois Brenner really surprised me. Although she has written a divorce book on women’s rights, she is totally an advocate for men as well. She really understood how much I loved my kids, and listened and understood all the horrible things my wife was doing to destroy their relationship with me. She didn’t miss a beat and really went to bat for me. She reached out to my wife’s attorney every time my wife made any attempt to disrupt my visiting our kids and always demanded the best results. She made herself available, even when she was on vacation! Lois has been there every step of the way in these difficult circumstances. I highly recommend her.- Sam
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Lois Brenner, her colleagues, team of experts and staff are phenominal. I hired them to help me to see my son who had been taken out of state by my wife during this insane pandemic. She decided to take him to stay with family but then she sideswiped me with a divorce. I was devastated. Lois Brenner and her litigation partner fought for me and made it possible for me to see my son. They are handling my divorce now and their strength and support is getting me through a really tough time. They are smart, tough and highly experienced.
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We were looking for a mediator to help us with visitation issues we were having due to the pandemic. With all the problems we were having getting the kids back and forth, and arguing about taking trains and buses during visitations, we called Lois Brenner to help us make some decisions. She really set us straight. She spent a lot of time with us so we could get a parenting agreement together to set some rules we could both agree to. I feel a lot better now. Thank you Ms. Brenner.- Dina
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“Thank you for doing such a tremendous job!”- Bill
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Amazing, Skillful Mediator!!!! We went to see Lois Brenner for a mediation consultation. We had pretty much decided our marriage was over. We just wanted to end things fair and amicably. Lois Brenner spent so much time with us, and gave us great insight as to how the process would help us, we hired her on the spot. Our sessions thereafter were stealth. She organized us, helped us identify and address all the issues. She showed us how to communicate effectively throughout the process. We were able to address all our issues, especially property and finances, arrive at a comfortable settlement agreement, and now we are waiting for the judge to sign our divorce. What an extraordinary process. I highly recommend Lois Brenner and mediation. She’s super, and mediation really works.- Maggie & Josh
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What a gem! Lois Brenner is the best out there by far... She got my husband and I right away. Listened, guided, let me cry, and never gave up on us during our mediation sessions. It was not easy but she made it possible. Even my husband liked her and agreed to mediate after we had lots of arguments. Thank you Lois. I already recommended you to my cardiologist. Have a happy, productive New Year.- Bernie A.
