Equitable Division of Business Assets in New York Divorce
New York is an equitable division state, but the process of valuing and dividing marital assets can be extremely complex, particularly when there is a business involved.
For example, if your divorce settlement involves a start-up or company that was either in the family, owned outright by one spouse, or created as a business together, you first must complete a complex financial evaluation to determine its value.
Achieving an Accurate Business Valuation
An accurate business valuation is critical as it may bear significantly on the divorce case, even if it is awarded to one spouse or considered separate property. When dealing with separate property claims, it is important to remember that the burden of proof rests with the spouse making the separate property claim. Your attorney must also consider active and passive appreciation that may have occurred during the marriage.
As both a family law attorney and Certified Divorce Financial Analyst, Lisa Zeiderman has the financial knowledge to assist in performing a complex financial evaluation of your business or professional holdings and to navigate through the ensuing divorce process accordingly. If the business is awarded to one spouse, for example, other property may be considered differently to balance and compensate for the value.
Get Help From a Proven New York Divorce Attorney
Lisa Zeiderman can guide you through the process of accurately valuing and dividing your business in divorce. Call 914-488-2420 to schedule a consultation. From her offices in New York City and White Plains, she represents clients in Manhattan, Westchester and surrounding areas.