New York City Asset Division Attorney
Handling Asset Division & Equitable Distribution in NYC Divorce Cases
The disagreements that ensue over the division of marital assets are probably the most significant factor causing lengthy legal battles in divorce cases. What begins as an uncontested divorce can unravel into a mess when financial disclosures are made, revealing previously unknown information to either spouse. The resulting court battle can increase the legal fees on behalf of each party, which doesn't help anyone.
To best avoid these pitfalls, the parties should seek an agreement governing their marital asset distribution through mediation or a collaborative divorce. Because the courts are so overwhelmed with cases, judges truly prefer 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 assisted couples with collaborative divorces and mediation for years, achieving successful results for all parties concerned.
Asset Division in NYC Divorce Cases
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 the following:
- One partner getting a one-time settlement
- One partner getting a settlement over time at a specific monthly or quarterly rate
- Property getting sold and the proceeds split
- One partner paying the other to retain certain property, such as the family home
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 and stress. 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 implementing options for divorcing couples and hammering out agreements that align with the concept of equitable division.
Efficiently Dividing Marital Assets in New York City
Every couple has a unique situation; therefore, the full valuation of marital and personal property should be analyzed early in the process. There are cases in which property evaluation is simple and easy, but many can consist of extremely complex financial situations where countless assets must be identified and valued.
These assets may include:
- 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 situations.
We can protect your property rights to which you are entitled to and are extremely careful when undertaking the valuation of marital property. There are often situations in which personal funds have been combined with marital funds, making a valuation complex. Fortunately, our firm has a highly-skilled professional in our corner to sort out the most complex financial entanglements for matters concerning high net worth divorces and long-lasting marriages, among others.
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 discuss in detail the circumstances of your case.
Work with Our NYC Attorneys to Protect Your Assets
Our firm has rightfully earned a reputation as one of the most reliable and effective divorce law firms in New York City. Here are a few reasons why:
- We are highly rated by the nationally recognized legal rating service Avvo® as superb family law attorneys and earned the Clients' Choice Award for 2012.
- We avidly sharpen our skills through continuing legal education and activities being members 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.