Thursday, May 31, 2012

NY Divorce Laws

From the Wall Street Journal:

A state commission tasked with reviewing a contentious aspect of New York's divorce reform laws is four months behind in delivering an expected report, raising concerns that lawmakers will have little time to address recommendations before their session ends in June.

The independent Law Revision Commission now expects to submit its report May 31. Though the commission's suggestions aren't binding, several legislators have said they are waiting for the report before proposing amendments.

The law was one of a package of 2010 reforms that made New York the last state in the country to adopt no-fault divorce. It set a strict formula for awarding temporary alimony, the money one spouse gives the other during the divorce process.

Since its passage, the statute has come under criticism from many lawyers in the state, who say that the formula may work well for lower-income spouses with few assets but frequently produces lopsided awards for wealthier couples with more complex financial situations.

Read more here.

MR

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Current Affairs, Divorce (grounds) | Permalink

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