Tag Archives: asset division

Divorce: A Change of Heart

Of all the causes of divorce, a change of heart is the most common. For one New York businessman, a change of heart means the end of a marriage and a career. New York hedge fund manager Adam Sender is well known in the art world for his dedication to collecting contemporary art. According to… Read More »

Splitting up a Family Business During Divorce

When a family business is part of the marital estate, the already complex asset-division process becomes even more complicated. This is especially true when the spouses launched the business together. Continuing to jointly operate a business isn’t feasible for most ex-spouses, so it’s generally necessary to divide the business or its value in a fair… Read More »

Asset Protection: Should You Care About Bitcoin?

In the past year, Bitcoin has become a household word. If heading for divorce, should you care about alternative currencies?  During 2013, the United States Senate began an investigation into the value and theory of alternative currencies like Bitcoin. Despite wild fluctuations in price, an agent for the Secret Service testified at a November hearing… Read More »

When Assets Go to Waste

Which of these examples would be considered marital waste? Upon being asked for a divorce, a spouse goes on a spending spree, running up the balance on jointly held credit cards. Throughout the marriage, a spouse drinks to excess and gambles away the proceeds of an investment account held by the couple. A couple separates… Read More »

The Unique Concerns of Later Life Divorce

Divorce at any age is stressful, destabilizing and often economically difficult. But a divorce that comes after many years of marriage, at a time when most couples are thinking of retiring, is especially difficult emotionally and financially. In March of this year, a study from the National Center for Family Life and Marriage Research reported… Read More »

The Valuation of Academic Degrees in a Divorce

In a December 23, 2012 article in the Wall Street Journal, reporter Sophia Hollander writes about how New York State considers a license or professional degree acquired during a marriage to be property that is to be divided between spouses in a divorce. The original idea behind the law, when it was drafted decades ago,… Read More »

A Lawyer’s Guide to Choosing the Right Divorce Attorney

Your divorce lawyer must have business knowledge and experience in addition to knowledge of the law. When entering into a relationship with a divorce lawyer, evaluate the lawyer’s success. Is he/she a sole practitioner; is it a small “shop”; is it a rented office or do they own a building? Hiring the wrong divorce lawyer… Read More »