Dividing Your Assets And Debts Equitably In Divorce With The Help Of An Attorney
One of the most critical issues in any divorce is property division. An experienced divorce attorney can help you understand your rights and what to expect and ensure the protection of your rights. To speak with a seasoned divorce lawyer, contact Philip A. Greenberg, P.C., Attorneys at Law. Located in New York City, Philip Greenberg represents clients in New York and New Jersey in a wide range of property division matters, including:
- Division of pensions, 401(k)s, IRAs, and other retirement and investment accounts
- Valuation and division of real estate and businesses
- Property characterization disputes (marital vs. separate property)
- Valuation of the marital home
- Commingling of marital and separate property
- Enforcement or challenge of a prenuptial or postnuptial agreement
Any mistakes or missed opportunities can have long-term impacts on your financial security. That’s why it is so critical to work with an experienced and reputable attorney like Mr. Greenberg.
The Property Division Process In New York And New Jersey
In New York and New Jersey, property acquired during a marriage is typically classified as marital property, with very few exceptions. Separate property is defined as property acquired by a spouse prior to a marriage and limited property acquired during a marriage, including property acquired by gift or inheritance.
All property in a dissolution is subject to court review. While a court may divide marital property on an equal basis, the concept of equitable division does not necessarily result in a 50-50 split. Courts will also consider the debts of the parties and will divide debts in an equitable fashion (once again, equitable division does not necessarily mean an even 50-50 split).
Get Premier Family Law Counsel On Your Side From The Beginning
Once the division of marital property is completed, it is difficult to reverse the judge’s decision. Spouses do have the option to file an appeal, but these are difficult to win. When lawyers make mistakes, the results can be costly, and the outcome may be permanent. It is important to partner with a strong, qualified divorce attorney who can provide guidance throughout the property division process. Attorney Greenberg has been representing clients in divorce and family law matters for more than 40 years. He is highly regarded in the legal community, having been selected for inclusion in the New York Super Lawyers list for multiple years, an annual distinction limited to the top 5% of attorneys in the state.
Mr. Greenberg has represented many clients in cases involving complex property division issues, including the valuation and division of a business or real property. He has also represented many clients in divorce cases in which the validity of a prenuptial or postnuptial agreement is contested. His vast experience drafting and reviewing prenuptial and postnuptial agreements is an invaluable asset in such cases.
Questions About Dividing Your Property? Contact The Firm Today.
Philip A. Greenberg, P.C., Attorneys at Law, serves clients in New York and New Jersey. To schedule a consultation, call 332-262-6760 or contact the firm online. Mr. Greenberg can meet with you in his Manhattan office or in a location that’s convenient for you.