Carton & Rosoff PC-Attorney at Law

Resolving disputes creatively

May 2017 Archives

Valuing a business in a divorce

As many New Yorkers know from personal experience, a divorce can be very expensive. Couples with large marital estates may require accountants, financial planners and other specialists to value assets and to respond to valuations put forth by the other spouse and his or her lawyers. Many people wonder if - or perhaps "why" - they should be required to add the cost of an independent valuation of their business to their other divorce expenses.

Pell/Kwan divorce highlights residency issues in divorce

Where people live and where they reside may have an important impact on the resolution of high asset divorces. Many high asset couples have addresses in New York, but actually live elsewhere. If they should decide to end their marriage, more than one court may have jurisdiction over the divorce proceeding. The divorce actions recently filed by Olympic figure skater, Michelle Kwan and Clay Pell, the grandson of former senator, Claiborne Pell, highlight how possession of multiple residences can complicate the issues of property division and alimony in high asset divorces.

Dividing property in a high-asset New York divorce

Virtually every couple who seeks a divorce will have assets that must be divided between them. For couples with large amounts of assets, the question of how property division works is critically important. Even if a couple wishes to negotiate a property division agreement between them, a knowledge of how New York courts divide property in a divorce can be helpful in resolving the many complex issues in a high-asset divorce.

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Carton & Rosoff PC
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White Plains, NY 10601

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