Tag Archives: business assets

Don’t Use Business Assets for Personal Purposes

If you own a business and find yourself in divorce court, expect your company’s assets and debts to become a focal point of the case. The flow of cash through the business, whether in the form of revenue, loans or anything else, will be put under the microscope by your spouse’s lawyer and by the… Read More »

Who’s Your Divorce Lawyer?

For over 20 years I’ve been practicing divorce in Long Island and it amazes me that grown men and women hand moderately complex cases to attorneys who are less accomplished than the client. Owners of small businesses hire attorneys who have no real experience in business; finances; real estate and the long-term effects of the… Read More »

Number One Attribute of a Good Divorce Lawyer: Business Sense

A great Nassau County Judge once stated; “There are three issues in every divorce: Money; Money; and Money.” -Nassau County Judge, November 2015 Many people will think that a divorce lawyer should be aggressive; others think compassionate; many think it’s a job that involves hand-holding or therapy. Nonsense. In the State of New York (specifically… 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 »