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.
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