Division of Property
Any time two people who are married are to be divorced or legally separated, their assets must be allocated between them in one way or another. Sometimes the assets are uncomplicated as to nature or as to value, and their division may be simple and straightforward. Other times it is not so simple.
When the asset is an interest in a business, or a professional practice, or involves intellectual property, has intangible worth, or has any other complication attendant to it, it is not always a simple matter to reach consensus on its value, or the manner in which it might be divided or accounted for in the division of assets. Sometimes the asset may be of the kind that cannot be divided, or it may be the separate property of a party to the case and therefore it is not to be considered in the division. Also, the asset may be non-spousal and therefore irrelevant to the proceeding.
We have a great deal of experience in cases involving such complex property interests. There is no “one” approach to every case; each case is unique and has its own unique attributes and complications.
For all of these reasons and more, you may wish to meet with a family law attorney for a consultation to discuss your particular problem or issue relating to the assets of your marriage. Please call us and we will be happy to be of assistance to you.