The Importance of Dates & Fluctuations in Divorce

The Importance of Dates & Fluctuations in Divorce | Sandy Balick

{4:42 minutes to read} Mediation empowers divorcing spouses to define their own standards of fairness and helps them to make maximum use of the considerable freedom New York law allows in shaping their own settlements. This entry focuses on selection of appropriate valuation dates for financial accounts, including bank and retirement accounts. As noted in an earlier blog in this series, the law views marriage as an economic partnership, and the assets (as well as liabilities) to be divided in equitable distribution are (with a few exclusions) those acquired from the wedding date until the initiation of divorce proceedings (referred to as the “commencement date”).

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