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Protecting Professional Practices

Professionals Have a Lot to Lose If They Lose Their Practice in Divorce

Licensed professionals stake their careers on their practice. It takes years to build up a professional reputation among clients and colleagues. Losing it all or a potion of it in a divorce property settlement can be a financial disaster that is impossible to overcome.

If you are a professional going through a divorce, will your attorney know how to make sure your practice remains separate property? At Jonathan D. Katz, Attorney at Law, I have been aggressively protecting the financial interests of divorcing professionals for more than 25 years. I am a skilled, experienced litigator who knows the strategies for keeping your practice in your name. When we meet during an initial consultation, we will discuss the complex issues involved in your property settlement, including:

  • Fair valuation of your practice
  • Whether the appreciated value is subject to property transmutation
  • What part of your professional practice is subject to rules of property transmutation
  • How tax obligations and corporate structures might impact your settlement
  • What did your spouse contribute to the success of your professional practice and career

Your professional license may give you the capacity to increase your earnings, but it doesn't guarantee your practice will be successful. Losing everything in your divorce isn't equitable distribution. It is unfair and I fight hard to make sure it doesn't happen.

For more than a quarter century, my practice, in New Paltz has been representing licensed professionals in a broad range of professions, including:

If you are a professional considering divorce, your lawyer will require knowledge, skill and experience in all areas of New York marital property laws. Contact my offices in New Paltz, New York, to arrange an opportunity to discuss your financial concerns.

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Elizabeth

Upon interviewing Jonathan Katz, I decided to retain him because I was impressed with his approach to divorce: he advocated communication, conflict reduction, and efficiency, toward reducing the stress and monetary expense already inherent to any legal action.

When my case took unexpected turns, Jonathan was agile and effective in his response, even when the straightforward divorce turned into an international custody battle that went to federal court. Responsive at every turn, efficient, and wise in his counsel, Mr. Katz's legal services gave me real value for my investment.

Elizabeth A. Ledkovsky

Diane

Being a single mom, I had enough stress in my life. I had no idea how to go about protecting my self. My daughters were my priority. Jon walked me through the process. He turned a difficult time into a workable solution.

Diane Chiriani

John

Jon's integrity towards his clients is what makes him a standout attorney. He makes it a priority to know whats important to you. You're not just a number. He is up front with you right from the start. He will not string you along just for his financial benefit. He is only willing to settle the case if thats truly what you want. Anytime I called him I received a call back from him that day. Not someone else in the office. He is an attorney that has a passion for whats important to his clients.

John Morrissey

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