Every marriage is unique, which means that every divorce is unique as well. Many divorces will deal with similar issues, such as child custody and visitation, child support, alimony and asset division, but the final determination for each issue depends on the circumstances of each divorce. Children have different needs and parents have different schedules, and the main factor that affects the financial aspects of a divorce is the wealth of the couple.
Most people who get married in New York have a separate life prior to the marriage. So, they have obtained different assets and debts, have different jobs, may or may not have children from a previous relationship and many other circumstances. All of these things will certainly shape the marriage, but they are also considered separate for the purposes of marriage and potentially during a divorce as well. However, assets can be comingled and become marital property depending on the actions of the couple.
People in New York have different lives from each other. Each person is different and therefore the choices they make will be different. Another aspect that affects the decisions people make is the amount of money they earn. When people have more money they can afford more things than those with less money. These same things are true of marriages as well. Each marriage is different and couples make varying amounts of money. Therefore, the different assets they acquire will vary drastically.
Most people in New York know who Rudy Giuliani is as he has been a prominent figure especially since he became mayor of New York City. Many people may also know that he is currently going through his third divorce. Mr. Giuliani has earned a lot of money over the years and his lavish lifestyle was shown during a recent hearing. His wife is seeking her fair share of the fortune that he has amassed over the years as well as $63,000 a month in spousal support.
People have many different types of jobs in New York. While most people are paid for the work they perform, how they get paid and how much they earn can vary. Some are hourly employees and are paid based on the hours they actually work. Others receive salaries and are paid a certain amount regardless of how many hours they actually work. However, in addition to base pay, people may also receive benefits, bonuses and other forms of extra compensation for their work.
Many people in New York are fans of the guitarist Slash who rose to fame with the band Guns N Roses. The band had a very successful career as well as Slash individually in other musical projects. Due to this success he has amassed a large fortune. However, this fortune will be a little smaller after reaching a settlement is his divorce from his wife of the last 13 years.
Throughout a marriage couples in New York can acquire many different things. These assets can grow in number, value and variety the more a couple earns during the marriage. That is why the asset division portion of high asset divorces can be such a complicated process. Couples with many assets will first have to go through the process of finding all the assets that they may own and then they will have to value those assets, which can be very time consuming as well.
Many people in New York are familiar with Matt Lauer, the long-time host of the "Today" show. Many people are also aware of the circumstances surrounding his firing from that show, as well as the reason that he is now going through a divorce from his wife of 19 years. The couple has three children as well as a very large estate due to Lauer's successful career. Reports have recently surfaced that the couple is now close to resolving the divorce. According to the reports, Lauer would be giving his soon-to-be ex-wife approximately $50 million in assets.
People in New York have varying levels of income and assets. Based on these incomes, people live very different lives. Some are able to live lavish lifestyles, live in expensive homes and take expensive vacations. Others make enough to get by, but may not be able to afford some of the extravagances that wealthy people can afford. Just like people's lifestyles are very different, people's divorces are also very different based on their income and assets.
While people in New York are married, they may share everything whether they realize it or not. For the most part, it does not matter which spouse earned the income, paid the bills, purchased various assets, which name the bank accounts were in or who incurred debts. So, if the couple divorces, they will split all marital assets no matter which spouse actual owns the assets in name. This can become a contentious issue in divorces, especially in high asset divorces when there are many assets to argue over.