Experienced Guidance For Your Complex New York Divorce
New York divorces can become complicated very quickly. This is especially true if you have high-value assets such as real estate investments or business interests. It may also be true in difficult personal situations. You need a divorce lawyer who understands difficult divorce cases and can help you make informed legal decisions that will affect your future.
The family law firm of The Prince Law Group, LLC, represents individuals in complex divorce cases from the Westchester office and throughout the New York metro area. Our attorneys have decades of combined legal experience. We strive for excellence in every case we handle, which is reflected in our record of success.
Understanding New York Property Division In Divorce
New York law views any property or cash you and your spouse accumulated during the marriage as marital property. This could include a house or car, even if it is titled in only one name. It may also include cash and retirement accounts. You will likely divide any marital property in the divorce.
You will probably keep your separate property as part of the divorce settlement. This may include any real estate or personal property you owned prior to the marriage. It also includes any inheritance or gift you receive from outside the marriage, as well as most personal injury settlements. If you and your spouse entered into a prenuptial or postnuptial agreement, you may have agreed to treat certain marital property as separate property in the case of divorce.
What Is Considered A Complex Divorce?
Some divorces are complex due to the property involved. Some are complex because of difficult situations. Examples of complex property include:
- Retirement accounts – New York and the federal government have specific laws regarding how you can divide certain pensions, retirement and investment accounts, and when you can do so.
- Business interests – If one or both of you own a business or have an interest in a business, you will likely need to have that business valuated and decide how you want to divide the interest.
- Stocks and investments – You must consider capital gains and taxation issues when you divide your investments.
These are just a few examples of property that requires professional skill to properly divide in a divorce. We employ financial professionals to help identify assets and properly value them. We can also help you separate original investments that may be separate property from later contributions and growth that may count as marital property.
Difficult situations regarding child custody, child support, spousal support, domestic violence issues or substance abuse problems can also complicate a divorce proceeding. Our attorneys are experienced litigators who can help you determine the best path to get your family through these difficult times.
Let Us Help You
If you have complicated issues in your divorce, you deserve a lawyer who knows how to handle them. You can count on the experience and skill of the attorneys at The Prince Law Group, LLC. Schedule a complimentary consultation by calling our Westchester office at 203-653-8483 or reaching out online.