Business Assets in Divorce

New York Divorce Attorney Managing High-Asset Cases

As a business owner, company head, or corporate executive, you have undoubtedly placed countless hours and resources into your career, investments, and organizations. If you are going through a divorce, you must be aware that your soon-to-be ex-spouse could stand to benefit significantly from your business assets while you lose them through property distribution. New York’s equitable distribution rules give you a chance to protect these high-value assets, but only if you understand the law and the process in detail.

Come to Eiges & Orgel, PLLC, where our high-asset divorce lawyers in New York have more than 40 years of legal experience focused primarily on complex family law cases. Throughout these many years, we have been able to successfully resolve more than 3,000 divorce cases for our clients, giving us insight into the divorce process for business owners that is truly unrivaled.

Want to know more about Eiges & Orgel, PLLC? Request a consultation today.

Business Assets You Should Protect

Equitable property distribution means any property deemed to be marital – or partially belonging to both you and your spouse – will be divided fairly, not evenly. A business owner or company executive who works with our asset distribution attorneys will gain a full understanding of how your separate business assets can remain separate, and how marital business assets can be turned over in your favor.

We start by understanding your business, asking questions like:

  • How long have you shared control of your business?
  • How is your business structured? Is it a partnership?
  • Do profits from the business go into your marital estate?
  • Who has contributed more to the business: you or your spouse?
  • Does your spouse rely on the business for income?

Our ability to fully analyze your business, its assets, and how it pertains to your marriage will give you the advantage you need in a contest that has stakes so high. From beginning to end, you can count on our legal professionals to see you as the professional that you are, and your business as the worthwhile investment you have built and deserve to maintain.

Business assets we will want to consider and protect include:

  • Real property tied to the business
  • Equipment, product, and other physical assets the company uses
  • Stocks and shares in the company
  • Financial assets – income, profit, tax returns, etc.

Using Business Valuation in Your Divorce

In addition to allowing our legal professionals analyze your business and how it could be affected by your divorce, you will want to get a professional appraiser to determine your business’s true value. A full business valuation will consider all assets, both physical and abstract, such as your company’s good reputation with consumers or the partnerships it has established with third-party corporations. All matters that affect your business ultimately affect its value, even if this is not immediately interpretable. Only when you have its complete worth valuated can we move towards finalizing your business asset division, but we can assist you with this portion of your divorce as well.

Divorce Lawyers for the Working Professional

You have enough to think about when trying to run a business or lead a corporation. Allow our New York divorce attorneys at Eiges & Orgel, PLLC act on your behalf during your divorce, controlling all the difficulties and intricacies related to the average divorce and business asset division. It is our goal to reach the best conclusion possible for you without you ever needing to worry about it, keeping your focus on your business and investments.

Call 347.848.1850 or contact us online to begin your case.

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