Many times one spouse attempts to obtain part ownership in a family business or have a business assessed at an inflated value and demand cash equivalent for his or her share of the business. In many cases, however, a business that was part of one spouse’s personal assets before the marriage can remain separate property, with only the appreciated value subject to division during divorce. In addition, if the business owner can prove that the other spouse played little or no role in increasing the value of the business venture, the entire value may remain classified as separate property and not subject to equitable distribution.
If you are a business owner seeking to protect your financial interests in your divorce settlement, make sure your attorney has the experience and knowledge of New York family laws relating to personal asset protection during divorce. At the law firm of Jonathan D. Katz, Attorney at Law, I have been protecting the rights of business owners in divorce for more than 25 years. I am a skilled, experienced litigator with access to business valuation experts and financial professionals. I am able to call on these professionals to protect your interests. Judges and opposing attorneys know that I come to the table thoroughly prepared with facts in hand. Contact me today.Fight to Protect Your Business In Your Divorce Settlement
I represent clients involved in complex high asset property settlement cases involving:
- Business valuations and professional practices
- Appreciation of separate property
- Commingled and transmutation of assets
- Corporate tax issues
- Commercial and business real estate property values
- Division of debts, responsibility for equipment loans
- Values of intellectual property
Protecting your separate property (premarital property) and financial interests begins with obtaining a fair and accurate business valuation. Many settlement negotiations include disputes over the amount of assets one spouse brought into the marriage. I have more than 25 years of experience working with professionals who can evaluate and quantify the value of a spouse’s participation and the value added to the business because of the marriage.Call Experienced Divorce Lawyer, Jonathan Katz, for a Business Valuation
Talk to a lawyer who will advocate aggressively on your behalf. Contact my offices in New Paltz, New York, to discuss your business valuation concerns in your pending divorce settlement.