People who are married typically are not only connected emotionally and legally but financially as well. While divorce severs such ties, if they disagree over how their finances should be handled during the pendency of a dissolution proceeding, it can become complicated, and they may seek a resolution from the courts. For example, a New York court recently analyzed whether it could compel the sale of a marital home while a divorce is pending, ultimately finding that it could. If you intend to end your marriage, it is wise to confer with a New York divorce attorney regarding your rights.
History of the Case
It is reported that the husband and wife were married and had two daughters, one of whom has special needs and requires ongoing care. Throughout their marriage, they enjoyed a lavish lifestyle, supported primarily by the husband’s income from a manufacturing enterprise and some financial assistance from the wife’s parents. The wife primarily served as a homemaker but later took a flexible sales position.
It is alleged that financially, the couple faced significant challenges. The marital home was at risk of foreclosure due to missed mortgage payments, despite a previous attempt to prevent foreclosure by the husband. The husband filed a motion to compel the wife to execute a mortgage on the marital residence, while the wife filed a motion to compel the sale of the marital residence. Continue reading