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Business Goodwill and Divorce

Business Goodwill and Divorce

Asset division is at the heart of the matter in the financial segment of a divorce. The distribution of marital assets between the spouses largely determines their financial stability and economic future.
Businesses are some of the most pivotal assets considered by the court. How those...

Double-Dipping and Business Valuation in a Divorce

Double-Dipping and Business Valuation in a Divorce

The division of assets in a divorce is crucial to the financial futures of the spouses. A fair division of assets is required under New York state equitable distribution law. For many couples, a professional license or practice (think doctor, lawyer, or dentist) or a business is a key asset in...

Business Buyouts and Divorce

Business Buyouts and Divorce

Divorce requires a detailed valuation of all of your assets, followed by a comprehensive division of the assets. Marital assets are divided in a way that is fair but necessarily equal because New York state uses the equitable distribution method of asset division. When you and your spouse own a...

Jolie-Pitt Case Highlights Potential Problems with Private Judges

Jolie-Pitt Case Highlights Potential Problems with Private Judges

Recently we talked about how private judges can offer a way to keep your divorce proceeding completely private. When you and your spouse retain a retired judge to act as an arbitrator for your divorce, your case becomes completely private--only the arbitrated settlement submitted to the state court...

Phantom and Imputed Income in Divorce

Phantom and Imputed Income in Divorce

Income plays a significant role in divorce proceedings. The parties' incomes are central to determinations about child support and spousal support (alimony). Complete financial disclosure is required as part of the divorce proceedings and this disclosure includes income. The court cannot set child...

Divorce in the Spotlight

Divorce in the Spotlight

Divorce is one of the most difficult things to face in your life. On the Life Change Index that ranks common stressors in life, divorce is the second highest item, falling only beneath the death of a spouse. Managing divorce is challenging for anyone, but it becomes particularly onerous when one or...

Why You Need a Postnuptial Agreement

Why You Need a Postnuptial Agreement

You got married without a prenuptial agreement. Everything in your marriage is going well, so why would you need a postnuptial agreement? A postnuptial agreement can offer security and clarity by establishing an understanding of how assets will be handled in a divorce. There are benefits and...

When to Fire Your Divorce Attorney

When to Fire Your Divorce Attorney

You have specific goals for your divorce, and you must have a lawyer who is prepared to achieve your objectives and will fight vigorously to attain them. You have one case and one opportunity to convince the court that your position is the correct one. If you aren't pleased with how your attorney...

Why Where You Live Matters for Your Divorce

Why Where You Live Matters for Your Divorce

How your marital assets are divided in your divorce hinges on many things, but the first and most important issue is where you live. Each state has its own laws about divorce. States fall into two groups when it comes to property division laws: community property states and equitable distribution...