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Asset Division in a New York Divorce
Equitable distribution refers to the assets being divided fairly, and is based on numerous factors including:
- The length of the parties' marriage
- The parties' respective contributions to the marriage
- The parties' respective financial circumstances, including that following the divorce, among other enumerated factors
While most divorces are resolved by agreement, frequently reaching an agreement cannot be achieved until there is a financial discovery, the identification and valuation of assets which is a necessary part of both the settlement process and litigation.
When Assets Are Complex
Our cases regularly include cases involving:
- complex financial valuations involving professional practices
- licenses and degrees
- enhanced earning capacity
- closely held businesses, limited partnerships; holding companies
- Stock options
- Deferred compensation
- Tax issues
- The tracing of pre-marital and separate property which is not subject to distribution unless there are issues as to the co-mingling and/or transmutation of separate assets with marital assets.
Continuous Case Review and Evolution of Our Strategies
We are constantly reviewing our strategy, developments in the law and the case while considering the best way to advance our client's position. From this experience a supported settlement proposal can be presented which includes creating practical and innovative solutions, all of which often facilitate a resolution. When such efforts are unattainable, we are fully prepared to advance them at trial.
