New York Lawyers Handling Business Valuation in Complex Divorce Cases
In New York State, a business, professional license or academic degree can be treated as an asset for divorce. In New York divorces, “enhanced earning capacity” of a party may be treated as an asset with monetary value. The issues surrounding the value of both businesses and these other intangible assets are complex, requiring a valuation expert to properly assess these assets.
At Joseph & Teeter, P.C., in Garden City, our skilled matrimonial and family law attorneys share one mission: to bring about the best resolution possible in your complex, high net worth divorce. You can be assured that our reputation, diligent case preparation and commitment to accurate business and asset valuation will give you the representation you deserve.
To speak to an attorney experienced in sophisticated divorce law, contact us toll-free at 1.866.520.1641. You can also reach us by e-mail.
Quality Representation During the Equitable Distribution Process
At each stage of the equitable distribution process, from the classification of the asset as marital or separate to the valuation of the asset and ultimately the distribution of the asset, issues arise which require the skill and knowledge of an attorney well versed in matrimonial law. Working closely with business valuation experts and forensic accountants allows us to effectively represent you when values are placed on businesses, licenses and degrees. Through thorough preparation, we effectively advocate for you.
Enhanced Earning Capacity
In some marriages, particularly in short term marriages of new professionals, including doctors, lawyers and accountants, the enhanced earning capacity may be the most valuable asset available for equitable distribution. In simplest terms, enhanced earning capacity is the present value of the additional income a party will earn over his or her lifetime as the result of training or education received during the marriage. Protecting that asset, or obtaining your equitable share, can be critical.
Contact Joseph & Teeter, P.C.
Whether you are contemplating divorce, already embroiled in litigation or contemplating marriage, it is imperative that you understand your rights and responsibilities. To learn more about these issues as they relate to your particular situation, please contact us by calling toll-free at 1.866.520.1641, or reach us via e-mail.
