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
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
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:
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
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.