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New York Divorce & Family Law Blog

Wasteful Dissipation Of Marital Assets And Your Divorce Case: Part Two

By Samantha Guido & Marissa Pullano

November 13, 2020

In last week’s blog post, we identified and examined what is considered wasteful dissipation. We made the important distinction between positive action taken to dissipate assets (example: gambling with marital assets) and inaction (example: failure to reasonably manage investments). We also identified a non-exhaustive list of eleven (11) factors the court can consider in determining whether wasteful dissipation has occurred. In this week’s post, we consider the effect of a finding of wasteful dissipation on…

The New York Trusts & Estates Blog

The tale of the pampered pooch, or how is Trouble doing?

By Michael Ryan

November 9, 2020

Cutting right to the chase, a spoiler alert: Trouble is dead! She shuffled off this mortal coil some years ago at the tender age of 12. You recall (don’t you?) that Trouble was a Maltese owned by Leona Helmsley. Trouble was the beneficiary of a $12 million bequest to a trust established for the dog’s benefit. The court later reduced the bequest to $2 million figuring that the reduced sum would be enough to keep…

New York Divorce & Family Law Blog

New York Legislature Amends The Domestic Relations Law To Include Domestic Violence As A Factor To Be Considered In Making An Equitable Distribution Decision

By Samantha Guido

November 9, 2020

A Brief History Regarding Equitable Distribution In 1980 the New York Legislature enacted the Equitable Distribution Law (DRL § 236B) (“EDL”) which required courts to equitably divide marital property based on a consideration of several factors. At the time, the courts had ten (10) factors to consider.[i] Pursuant to the statutory law, courts became tasked with deciding whether marital fault should be considered under what is commonly referred to as the “catchall factor.” Shortly…

New York Divorce & Family Law Blog

WASTEFUL DISSIPATION OF MARITAL ASSETS AND YOUR DIVORCE CASE: Part One

By Samantha Guido & Marissa Pullano

November 6, 2020

Unfortunately, as matrimonial attorneys we often hear many tales of woe, including how one spouse either spent a large sum of money immediately before commencing a divorce action or eliminated their assets to avoid having to give their spouse any piece of the proverbial marital property pie. In legalese, we refer to this as “wasteful dissipation.” In this first installment of a two-part series, we will identify and examine what is considered wasteful dissipation, which…

New York Divorce & Family Law Blog

Important Resources for Victims of Domestic Violence

By Samantha Guido, Hanna Kirkpatrick & Marissa Pullano

October 30, 2020

Domestic Violence is a serious issue that requires awareness each and every month, not only in the month of October. If you or anyone you know is a victim of Domestic Violence below are important resources and organizations which will be able to provide assistance. The Safe Center LI, 516-542-0404 L.I. Against Domestic Violence, 631-666-8833 VIBS, 631-360-3606 Brighter Tomorrows Shelter, 631-395-1800 The Retreat, 631-329-2200 Additional Suffolk County Resources…

The New York Trusts & Estates Blog

News You Can Use.

By Michael Ryan

October 27, 2020

In earlier entries, we warned of the changing tax landscape and the possibility that a new administration will bring a new set of tax laws and regulations. One aspect of the Internal Revenue Code particularly ripe for change is the high level of exemption amounts applicable to estates and gifts. The Internal Revenue Service announced today the estate and gift tax exemption limits for 2021: the estate and gift tax exemption will be $11.7 million…

New York Divorce & Family Law Blog

Tips to Obtaining an Order of Protection in Family Court

By Hanna Kirkpatrick

October 23, 2020

The purpose of this article is to provide victims of domestic violence with the necessary information they may need to assist them in seeking in an order of protection in Family Court. While individuals may be granted an order of protection from Criminal Court, this post will only focus on obtaining an order of protection in Family Court. Brief Overview An order of protection is a document issued by the Family Court which prohibits…

New York Business Law and Commercial Litigation Blog

LIBOR Floors: Going Up

By David Paseltiner

October 22, 2020

LIBOR (the London Inter-bank Offered Rate) is an interest rate benchmark published by ICE Benchmark Administration Limited that is used as a reference rate for a wide range of financial transactions. It is a common floating rate interest option for corporate borrowers, who may pay interest on loans based on LIBOR (usually with a margin in excess of LIBOR). LIBOR has dropped dramatically since the start of the COVID-19 pandemic. For example, one month LIBOR…

The New York Trusts & Estates Blog

Ghosts, goblins, timeshares and other things that go bump in the night.

By Michael Ryan

October 21, 2020

‘Tis the Season to be scary. Halloween was grafted onto the ancient Celtic pagan holiday of Samhain. There are said to be places and times when the barrier between this world and that “other world” is very thin. In fact, the Irish have a word the “thin places,” Caol Áit. The holiday of Samhain is one of those times when ghosts and goblins are said to walk among us more freely and with greater insolence.…

New York Business Law and Commercial Litigation Blog

Jaspan Schlesinger partner Robert Londin to moderate Episode #4 of 2020 M&A Boot Camp Webinar Series

By Robert Londin

October 20, 2020

Jaspan Schlesinger LLP partner Robert Londin will moderate the fourth episode of a five-part webinar series dedicated to private Mergers and Acquisitions transactions. The series spans from early transaction concerns and planning to key provisions of transaction documents, and Rob serves as moderator for the entire series. “On to the next; we recently concluded episode number three which addressed the general M &A process. Episode number four tackles deal points arising in connection with post-closing…

Jaspan Schlesinger LLP

Jaspan Schlesinger LLP Blogs

Blog Authors

Wasteful Dissipation Of Marital Assets And Your Divorce Case: Part Two

The tale of the pampered pooch, or how is Trouble doing?

New York Legislature Amends The Domestic Relations Law To Include Domestic Violence As A Factor To Be Considered In Making An Equitable Distribution Decision

WASTEFUL DISSIPATION OF MARITAL ASSETS AND YOUR DIVORCE CASE: Part One

Important Resources for Victims of Domestic Violence

News You Can Use.

Tips to Obtaining an Order of Protection in Family Court

LIBOR Floors: Going Up

Ghosts, goblins, timeshares and other things that go bump in the night.

Jaspan Schlesinger partner Robert Londin to moderate Episode #4 of 2020 M&A Boot Camp Webinar Series

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