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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.

 

    “You are truly the best divorce attorney in New York!”
    “You are truly the best divorce attorney in New York!”
    - Christine
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    “Thank you for doing such a tremendous job!”
    - Bill
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    I met with Lois Brenner nine months ago, and my life has been changed for the better! She and her legal team really encouraged me to leave a very abusive husband. They gave me the knowledge and courage to take the necessary legal steps. My parents were helping me and found Lois to be smart, and compassionate. My whole family felt really comfortable having her handle my case. I am finally divorced, away from an abusive man and ready to start a new life. I can’t thank Lois and her legal team enough for all the support I received. I got a much better settlement than I expected because they were relentless in locating money my husband had hidden. Thank you so much!
    - Kim B.
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    Everything you said about mediation was true. My husband and I really connected in a positive way working out the details of our divorce in mediation with you. The arguing was endless but we finally heard each other. You have a lot of patience. The property discussions made everything so emotional. You kept us focused and stopped us from rehashing the past. We tell everyone about you. Hopefully none of our friends will divorce but if they do we will tell them they need you.
    - Tom & Philip R.
    “Mediation Works!”
    Going through with our divorce was very difficult time for me and my ex husband. Finding the right lawyer was very confusing, frustrating and time consuming. I was very lucky to find Lois. She is professional and human at the same time. In a few sessions she answered all of our questions, gave us great advice and filled and filed all paperwork for us. Our divorce was finalized very quickly and thanks to Lois it was very smooth process. If my best friend would need a divorce lawyer I would recommend Lois without any reservations.!!! Christina C.
    - Christine C.
    “She gave me the best advice, in such a caring and kind way.”
    I have hired Mrs. Brenner and had the best experience with her in my complicated and intense divorce. She was there for me all the way, always answering promptly any questions I had. She gave me the best advice, in such a caring and kind way. She has an amazing team of specialists, that will cover any needs you might have. I highly recommend Mrs. Brenner, you can feel she’s got your back!
    - JN

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