Don’t Cheat Yourself Out of Millions – Hire the Right Attorney
On June 26, 2013, an interesting article ran in Newsday discussing a tragic case where a woman settled a divorce for a paltry $12,000,000. While words like “tragic” and “paltry” are not typically associated with settlements worth millions, the truth of the matter is that the woman in question deserved far more. The woman’s attorney, who came from a well-known Garden City law firm, agreed a certain building was worth only $7,700,000. However, the building sold for $84,500,000 immediately after the divorce was over. Thousands of pages of legal papers, stacks of motions and litigation were all used in attempts to undo the sloppy work of the Garden City firm. An appeal will be made, though one wouldn’t be necessary had the case been handled better — appeals are only done when someone loses.
The article raises several important questions to think about as you select an attorney: Is your lawyer a savvy businessperson? Is your lawyer someone who is used to large deals and who will not be out-smarted by a real estate mogul? Is your lawyer going to agree to a value of a building and not revisit that valuation years later?
At Bryan L. Salamone & Associates, P.C. we have handled real estate divorces involving celebrities, real estate moguls and titans of industry. We have represented clients in international divorces involving parties with nine-figure income levels. We have seen more asset-based cases than many other law firms, and we will not settle your case unless you know the value of what you are giving away.
Clearly, an attorney that fails to reappraise a property in today’s volatile real estate market does a disservice to the client. This is especially true in the borough of Brooklyn, an area subject to rezoning and great fluctuation.
In the mid-1990s, Bryan L. Salamone & Associates, P.C. handled many cases as the Internet was in its basic infancy and so was cell phone usage. Bryan L. Salamone personally handled cases involving what are now known as “apps,” whereby certain startup companies were creating mobile and Internet technologies and had companies that were worth little to no money but later grew into billion-dollar businesses. These assets were the subject of many divorces from 1996 to 2002. However, it wasn’t until approximately 2003 that emerging Internet and mobile technologies began to stabilize and people were able to better evaluate and appraise startup companies, new “technologies,” and patents. Mr. Salamone has handled all of these in divorce matters and has represented both sides.
Since 2008, Mr. Salamone has been representing clients in divorces involving complex real estate and financing problems or issues. After the bubble of 2008 there was an incredible amount of money lost or gained. As the markets begin to emerge again we have confidence that the attorneys at Bryan L. Salamone, P.C. have their finger on the pulse of the economy and the real estate market. They focus on helping clients obtain the best results and the best advice, so they can finalize their divorce knowing exactly what they are getting and the value of what they have received.
Bryan Salamone is available personally for consultations and the firm is available at a reasonable rate regardless of a person’s income level. He handles everything from basic mediation and uncontested divorces, as well as simple divorces that can be handled in one day. He is also known for taking on the high-volume complex cases that make news on a daily basis.