New York City Asset Division Lawyer

Asset Division and Equitable Distribution in a NYC Divorce

The disagreements which ensue over the division of marital assets is probably the single most significant factor causing lengthy, protracted legal battles in divorce cases. What begins as an uncontested divorce can unravel when financial disclosures are made, revealing previously unknown information to either spouse. The resulting court battle which can develop also inevitably increases each party's legal fees.

In the State of New York, the matter of property and debt division is determined based on the concept of "equitable division." There are many ways that property could be divided, including one marriage partner getting a one-time settlement, a settlement over time at a specific monthly or quarterly rate, as well as cases in which property is sold and the proceeds split, or one partner paying the other to retain certain property, such as the family home.

The negotiations regarding property division should be managed with the help of a highly skilled NYC divorce lawyer from H. Benjamin Perez & Associates, P.C. We have a great deal of experience in the many options open to divorcing couples and in hammering out an agreement that is in alignment with the concept of equitable division.

How to Efficiently Divide the Marital Assets

Money being ripped apart when dividing assets in divorce

In order to avoid these pitfalls, it is always advisable for the parties to seek an agreement governing their marital asset distribution through mediation or a collaborative divorce. Because the courts are so inundated with cases, judges truly prefer to be managing an uncontested divorce as opposed to a contested divorce.

At the New York City law offices of H. Benjamin Perez & Associates, P.C. we have been assisting couples with collaborative divorces and mediation for years, with successful results for all parties concerned. Whether your marital estate is small, or you have a high net worth estate, agreeing to an asset division can save an incredible amount of:

  • Time
  • Money
  • Stress

Personal Attention for Each Client's Case

Every couple has a unique situation, and a full valuation of the marital and personal property should be undertaken early in the process. There are cases in which property evaluation is simple and easy, as well as those that are extremely complex financial situations where many assets must all be identified and valued. These may include:

  • Many properties
  • Stock accounts
  • Retirement accounts
  • Business interests
  • Works of art or other valuables

The potential value of a property could be more complex than a simple property valuation, as the property could have a potential value in redevelopment or similar situation.

We are extremely careful when undertaking the valuation of marital property. There are often situations in which personal funds have been comingled with marital funds making a valuation a complex issue. Our firm has access to highly skilled professional that can sort out the most complex financial entanglements, including in high net worth divorce or in a marriage of long duration. We can protect your right to all of the property you have a right to in divorce.

Work With Our Divorce Attorneys to Protect Your Assets

Our firm has rightfully earned the reputation as one of the most reliable and effective divorce law firms in New York City and here are a few reasons why:

  • We have been highly rated by the nationally recognized legal rating service Avvo® as superb family law attorneys and the Clients' Choice Award for 2012.
  • We are always honing our skills through continuing legal education and activities such as membership on the executive committee of the New York State Bar Association's Family Law Section since 2003, which reviews existing laws and drafts and recommends changes in the law to the New York legislature.

If you require assistance in your divorce, or are considering a divorce in the near future, please call our offices to schedule an evaluation where we can sit down with you and discuss in detail the circumstances of your case. We are always available to take your call and arrange a mutually convenient time to meet. Contact our divorce lawyers now.