Yes, if you will be distributing funds over time, it is within the discretion of your judge to impose interest fees payable to your spouse.
While these are typically in the 5% range, higher interest rates have been applied.
Some cases have had interest rates as high as 9% applied.
Obviously, fees like this can have a large impact on your total financial liability in your divorce, which is why an experienced Rochester divorce lawyer can make such a big difference in your case.
At Friedman & Ranzenhofer, our team of Rochester divorce attorneys have been supporting clients in Rochester since 1955, and we know what steps to take to protect you and your financial well being going forward.
Call us today at 585-484-7432 for a legal consultation with an experienced Rochester divorce lawyer.
Recent Posts
Understanding Divorce and the Role of Forensic Accountants in Rochester Divorce Cases
Going through a divorce can feel overwhelming. The emotional toll, coupled with the confusion about [...]
Exploring Alternatives to Traditional Litigation in Rochester, NY
Divorce can be one of the most emotional and challenging experiences a person faces. If [...]
Understanding Parental Alienation and Its Impact on Rochester Divorces
Parental alienation is a term that describes a heartbreaking situation where one parent turns a [...]
Divorce and Its Effect on Health Insurance Coverage in Rochester
Divorce can bring many changes, especially for families, and one area that often causes concern [...]
NY Court of Appeals Rules Ex-Wife Is Entitled to Military Pension
The New York State Court of Appeals ruled on October 22, 2024, that a woman [...]
Divorce and Its Effect on Your Taxes: Insights for New York Residents
Divorce is a life-changing event that can affect various aspects of an individual’s financial situation. [...]
The Impact of Divorce on Retirement Planning in Rochester, NY
Divorce is a life-altering event that affects nearly every aspect of an individual’s life, from [...]
How to Handle Divorce in Rochester, NY Successfully
Divorce is a challenging and emotionally charged process that can have far-reaching effects on all [...]