New Yorkers who decide to end their marriage will often attempt to expedite their divorce proceedings via stipulation of settlement agreements. While such agreements can allow for an efficient and amicable resolution, they must be crafted with due care, as any ambiguities could lead to disputes and litigation down the line, as demonstrated in a recent New York divorce action. If you have questions about your options with regard to divorce, it is smart to confer with a New York divorce lawyer as soon as possible.
Factual Setting
It is alleged that the husband and the wife were married in March 2000 and had one daughter, born in November 2003. The parties subsequently divorced in 2007. They resolved their financial and custody issues through a stipulation of settlement, which was incorporated but not merged into their final judgment of divorce in December 2007. Under this stipulation, the wife was granted exclusive occupancy of the marital residence until its sale, with the husband responsible for monthly mortgage payments, real estate taxes, and homeowner’s insurance. Additionally, the husband was required to cover 57% of their daughter’s college expenses, with no specific provision regarding who would pay the remaining 43%. The husband paid 100% of the tuition costs up to the date of the litigation.
It is reported that the husband sought enforcement of the stipulation regarding the marital residence and requested credits for payments made towards homeowner’s insurance, property taxes, and their daughter’s college tuition. The wife filed a cross-motion contesting these credits and seeking additional credits for mortgage principal reductions. The trial court granted the husband’s motion, awarding him credits for the insurance and tax payments and for the child’s tuition while denying the wife’s cross-motion entirely. The wife appealed. Continue reading