White Plains Complex Asset Division Attorney
Comprehensive guidance for business and asset valuations in divorce to protect your financial interests
Asset division is one of the primary areas of contention for couples going through the divorce process. Lengthy and costly legal battles often result when couples cannot reach a mutually satisfying property division agreement. At the Law Office of Karen Jansen, our White Plains divorce lawyer provides personalized legal advice and representation to help you understand your options and determine the most appropriate course of action based on your specific situation. Regardless of how extensive your financial portfolio is, it is vital to have an experienced property division attorney on your side to ensure that your best interests are protected and you receive the settlement you deserve.
Evaluating separate and marital interests in all types of assets
During the divorce process, all property must be divided equitably between spouses. It is important to properly distinguish between separate and marital property. Separate property is anything that was acquired prior to the marriage. Inheritances are also typically considered separate property. Marital property is anything that was acquired during the marriage, including real property, bank accounts and personal property. Marital debt also includes outstanding loans and consumer credit card debt. These types of assets are relatively easy to value and distribute.
Business valuations require a high level of legal skill and attention-to-detail
The value of real estate and personal property assets are typically based on fair market value. Business valuations; however, require extensive analysis and investigation. There are many different factors that may be used to determine how to value and distribute business interests during a divorce. These factors include:
- Whether the business interest was acquired prior to or during the marriage
- Whether the funds used to purchase the interest or fund the business were separate or marital funds
- Each spouse’s monetary and labor contributions during the marriage
In many cases, business appraisers and valuation experts may be hired to assist in complex business valuations. Attorney Karen Jansen has extensive experience handling high asset divorces and works zealously to protect your financial interests.
Contact a leading White Plains divorce attorney for reliable legal guidance concerning business and asset valuation
If you have questions about how your business interests may be impacted by a divorce, contact a top Westchester County divorce attorney for unparalleled legal service. At the Law Office of Karen Jansen, our divorce lawyer advocates for you throughout each step of the process. Call 914-821-5200 or send an email to schedule an appointment. Serving clients in White Plains, Scarsdale, Harrison, Greenburgh, North Castle, Eastchester, Bronxville, Rye and Mamaroneck for 20 years.