The COVID-19 pandemic has forced married and unmarried couples alike to reexamine their relationships, spurring an increase in divorces and a drastic falloff in weddings. Unmarried couples seem to be questioning the wisdom or desirability of tying the knot. Marriage rates in the United States, which had been on the decline since the 1980s, plunged… Read More »
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 »
For over 25 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 »
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 »
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 »