Tangible and Intangible Assets and How They Relate to Divorce
Those who are going through a divorce must ask themselves what they can do to work on the distribution of tangible and intangible assets they have accumulated during their marriage. Garden City divorce attorneys can go over these details in greater depth with you, but the important thing to remember is that both types of assets must be distributed to the couple in a way that is fair to them. Figuring out precisely how to fairly distribute them is often difficult.
Equitable Distribution
In the event the parties cannot reach a settlement among themselves, they rely upon the court to assist. The role of a court is to determine an equitable distribution of the couple’s assets. Your divorce lawyer in Garden City will do everything that he or she can to try to win a fair distribution for you, but they lose control over the distribution once it is in the hands of the court. This is the way that Divorce law Garden City NY works, and people simply have to accept the fact that if they are unsuccessful after many rounds of negotiation, a disinterested third party will determine their fate.
What Kind of Factors are Considered?
There are a number of factors to discuss with your family lawyer Garden City NY before you ever get into the courtroom. You will want to make sure you stand the very best chance possible of coming out with a winning outcome. This means, you need the court to consider:
- Loss of health insurance benefits due to divorce
- Length of the marriage
- Age of each spouse
- Tax consequences for all parties involved
- Any wasted assets
These, and many other factors, are the critical factors considered by the court. It seems that there are many things that you will want the court to pay attention to when you are going through a divorce, and you should be prepared to provide support for your position.
Distribution of Marital Property
At the onset of your case, you need to identify all of the tangible and intangible assets which will have to be distributed. Examples of tangible assets are houses, cars, bank accounts, and retirement benefits. Intangible assets are a spouse’s interest in a business, stock options, partnership interests, and present value of a defined benefit plan. These assets often require the services of expert appraisers to determine their value. There comes a time when Garden City lawyers will explain which assets need to be professionally valued and will recommend various experts depending upon the nature of the asset. The services of Garden City lawyers are particularly useful in this part of the fight because they can help make sure you get your fair share of the assets that are to be divided. You don’t want to leave it up entirely to a court that may not have your best interests at heart. Instead, you need to turn to the help that you can get from Fass & Greenberg for the assistance that you require.
You don’t want to leave the valuation and distribution of assets to chance. Instead, you need to speak with a qualified attorney who knows what they are doing and who is willing to go the extra mile to help you get the help that you need to come out of this situation with the assets that are most important to you.
It is definitely the case that many people are going to suffer emotional damage when they go through a divorce, but it may be possible for a better outcome to come out of all of this when they speak with the right kind of attorneys who know the ropes and can help you come out on top.
Divorces are often heated and difficult to navigate. Both parties are sometimes highly charged emotionally and even the simplest issues can become powder kegs very quickly. It is important to hire Garden City divorce attorneys as soon as you realize that you might have a situation that is headed towards divorce. Our law firm will be able to step in and assist you through this potentially devastating process.
Divorce Law Garden City NY is Complicated
The average layperson can easily be overwhelmed by the amount of work that goes into preparing a divorce case. It is not easy for anyone to understand everything that goes into a divorce, not the least of which are those who are actively trying to work through one. If you have found yourself in a position where you might need to go through a divorce, make sure you look for a divorce lawyer in Garden City right away.
The courts are designed to stand in the middle between battling couples and help figure out how to resolve the disputes that they may have. The court will do its best to work things out in a manner that is fair to both sides, but someone almost always ends up feeling like they got the short end of the stick in these situations. Try as they might, judges are not always able to do as much to resolve a situation as they might have hoped.
Before it Gets to Court
One thing to keep in mind is the fact that not every case necessarily needs to end up in court. A New York mediation attorney may be necessary before you end up all the way inside of a courtroom. In fact, mediation is always a great place to start, because the court strongly encourages the parties and their attorneys to engage in meaningful settlement negotiations before taking up any of its time.
Courtrooms are designed to be used by those who are simply unable to resolve their disputes in any other way. This may seem to be the case for some couples, but most are able to work things out in some respect before they get to court.
Court is Not Ideal for Anyone
You might think that you would like to have your day in court against someone who you are no longer in love with, but you probably don’t actually want to attempt this. The problem with going to divorce court is that it is expensive, lengthy, and rarely leaves anyone feeling happy with the outcome. Many people go with the assumption that they will somehow overcome the odds and end up with a better outcome than the many other people who have gone to court seeking the same thing. Of course, this is unrealistic and does not actually play out that way.
Here at Fass & Greenberg, we will tell you that using a meditation lawyer NY is a better way to go. It can protect you from the worst outcome of having to go and spend a lengthy amount of time in a courtroom somewhere. No one truly wants to do that, and that is why you need to take action now to try to get your divorce resolved before it spirals into something more serious. No one has time to deal with the pettiness of grievances that come up in the midst of court hearings.
Protect your time, your money, and your sanity by using a lawyer that can help you resolve whatever you need to resolve in your divorce case as soon as possible. You will be thankful that you took this route when it is all said and done. There is no better feeling than getting something like this put behind you once and for all.
Divorce is never a welcome process and finding a reputable divorce lawyer able to handle all the specific details of your case is paramount to getting through it with a minimum of frustration and confusion. Choosing an attorney with plenty of experience with divorce law Garden City NY legal experts should be familiar with can be an easier process when the right questions are asked of any potential attorney.
It helps to write down some questions after considering your case circumstance. A consultation appointment with a busy and successful divorce attorney seems to go by in a flash. To ensure that you get the answers that are most important to you, you should perform extensive online research and scrutinize client reviews before making initial contact.
How Many Divorce Cases Have You Handled?
It is important to get a feel for how much actual experience that a layer has before making that all important decision. Most successful lawyers will have evidence of their training and other pertinent background on their website and/or in plain view in the office area. Some attorneys specialize in many fields, but since divorce is such a highly specialized area, you should hire an attorney whose practice is exclusively dedicated to matrimonial/family divorce law. Even within the field of matrimonial and family law, there are certain attorneys who concentrate on trial work, and others whose strengths lie in mediation and collaboration. Ask to see the attorney’s credentials and evidence of advance training.
Who In Your Office Will Be Handling My Case?
You should also question how the attorney’s law office is managed, and who are the attorneys who will be working on your case. Is it a solo practice? Will a paralegal be drafting paperwork at a lower hourly fee? Will your case be delegated to less experienced attorneys? If the case is to be delegated, will the senior partner be handling depositions and court appearances? These are critical questions to ask the attorney. Make sure that any representations made by the attorney regarding who will be handling their case are included in their retainer agreement.
How Will You Keep Me Up-to-Date on My Pending Divorce Case?
This question will help determine whether your attorney has a good record of keeping all of their clients up-to-date on the status of their court cases. Some attorneys only communicate by letter, in-person visits or via telephone. Others are better with utilizing modern communication methods like E-mail, text, conference calls or other ways. One of the biggest frustrations divorcing clients have is waiting long periods without any contact from their lawyer according to a few reliable Garden City divorce attorneys.
Does Your Office Act as Mediation Attorneys if Needed?
Some divorce cases are less stressful or complex, and these cases may be better routed to Garden City mediation attorneys rather than litigating the case in an actual brick-and-mortar courtroom. An attorney can help set this up and guide the parties through this process. The benefits are that this divorce method is usually faster and less expensive. This scenario works best if the divorcing parties remain on good terms with each other.
Are There Ways to Make This Divorce Process Less Costly?
Be aware that here can be hidden costs or court delays that could add up expenses. Asking a lawyer about ways to make the divorce process less costly helps the attorney understand what your financial situation is. Reputable attorneys spell out all charges and expenses with an estimate during the first consultation appointment or soon thereafter.
What Do I Tell My Spouse About Our Legal Conversations?
A dedicated family lawyer Garden City NY business community holds in high esteem cautions that the private legal conversations with your attorney should be kept private unless your lawyer gives the go ahead. It is unwise to give details on your expected legal strategies. Keep those legal details just between you and your lawyer to ward off the chances of being railroaded down-the-road.
Do You Have Time to Take on My Case Right Now?
Some larger law firms are exceptionally busy. Getting your case before the court can be delayed if the attorney’s court schedule is too crowded. Learn more by contacting Fass & Greenberg LLP, at https://fglaw.net.
