Frequently Asked Questions About Divorce
Divorce is a major period of change. It is natural to have many questions and concerns about the process and your future. Together, the talented team of family law attorneys at Adria S. Hillman, Attorney at Law, P.C., have practiced law for more than 100 years. We can help you understand what you need to know about divorce.
How Can I Save Money During A Divorce?
Divorcing in New York can be expensive if extensive litigation is necessary. While there are certain expenses that are generally obligatory, such as court fees and the costs of separate households, many divorcing couples can minimize costs through collaborative family law.
As an alternative to long adversarial court sessions, you and your former spouse can agree to negotiate the terms of your divorce. Collaborative divorce often costs less overall than litigation, and it allows you to have more control over the outcomes of the divorce.
What Is Equitable Distribution?
When a couple goes through the divorce process, they need to divide their marital assets. In a collaborative divorce, both parties can negotiate to keep the assets they want the most. In a litigated divorce, the court decides which party keeps each asset according to equitable distribution.
Equitable distribution means that each party receives a fair share of their marital assets but the value of these assets may not be equal to that of the other party. The circumstances of each party will influence which assets they receive. For example, if one parent has sole custody of their child, the court may be likely to award the childhood home, toys or baby items to that parent.
How Do Divorcing Spouses Divide A Business?
Business owners have unique considerations in divorce. Because a business is typically a complex and high-value asset, it is important to seek thorough legal counsel.
If your former spouse co-owns the business, you can choose to sell the business to divide its value, continue to own the business together or buy out the other party’s stake. Even if your former spouse does not have formal ownership, there may be circumstances in which they could claim a portion of the business’ value.
How Should I Choose An Attorney For My Divorce Case?
Your divorce attorney should be experienced, trustworthy and committed to your individual goals. At Adria S. Hillman, Attorney at Law, P.C., in Manhattan, we uphold these values and give every client individual attention with their lawyer. Call 646-960-8711 or email us to see if we may be a good match for your case.