Addressing Complex Financial Matters In Divorce
When a closely held business or a large amount of investments and assets are involved, a divorce can be quite complex. At Hartstein & Hartstein, our divorce attorneys assemble a team of experts in sorting through complicated financial, business, and tax issues. Consulting forensic accountants, tax experts, and investigators, we determine the true value of any business, property, assets or debt involved in a divorce. Our attorneys have the resources necessary to investigate earnings on investments in stocks and bonds, as well as any debt associated with business losses or the devaluation of property.
We have the legal and professional tools needed to sort through complex financial issues in divorce. If you have questions regarding closely held businesses, the division of assets and property, contact Hartstein & Hartstein today. Our lawyers are available for free consultations during regular business hours.
Complex Divorce Issues
The divorce attorneys at Hartstein & Hartstein counsel and represent clients in regard to the following kinds of issues that arise in complex divorce cases:
- Home equity
- Hidden assets
- Retirement plans
- Reallocation of assets
- Closely held businesses
- Impact on a wills and trusts
- Investments, stocks, and bonds
Understanding the Financial Issues Involved: Why It’s Important
It’s not uncommon for disputes to arise concerning the true value of a business. Since its profits and worth represent common marital property, they’re both subject to division in a divorce settlement. As a result, non-owner spouses often look for ways to over-value a business why business owning spouses often try to undervalue its worth and performance.
At Hartstein & Hartstein, our attorneys and accountants thoroughly review a company’s financial books, tax returns, allocation of assets, investments, loans, banking transactions, and other activities in order to determine its true worth. Positioned with facts in hand, we defend our client’s interests whether their ex-spouse is seeking to deny them assets they’re entitled to or extract more money from a business that is not really there.
Negotiating a Settlement: Considering What’s Best for You
We evaluate our client’s situation in order to provide them with information they need to make informed decisions about their situation. For instance, it’s not uncommon for a working spouse to agree to sign over their portion of a home in exchange for their right to keep the total value of their retirement savings. Even though you may want to keep your home, the value of your ex-spouse’s 401k plan or investment portfolio may be significantly greater than the equity in your house.
Our divorce attorneys can advise you on these and other related matters to ensure your rights and interests are always protected. To schedule an appointment in regard to these and other complex issues associated with divorce, contact the law office of Hartstein & Hartstein today. Call us at 201-399-4276 or contact us online.