Long Island Business Asset Division Lawyer
Protecting the Rights of Business Owners in Nassau County
Divorce is rarely easy, but when you own a business, it can be especially difficult due to the potential for struggles with your spouse over the division of assets. Retaining a skilled family law and divorce lawyer on Long Island to represent you is essential for defending your interests in the business, whether it is a joint venture with your spouse or if it was founded prior to your marriage.
At The Virdone Law Firm, P.C. we have extensive experience with complex asset valuation in high net worth divorce and the unique concerns of business owners, and an attorney from our firm will work closely with you to achieve a divorce settlement that works in your favor. We limit our number of clients at any given time so that we can deliver personalized attention and focus to each case we represent, as we know how important the outcome of your divorce may be for your future.
Separate vs. Marital Property
One of the most important questions in a divorce where business assets are at stake is whether the business is considered marital property or separate property. If you and your spouse started the business together, it will likely be subject to division, but if it was in operation prior to the marriage, it will probably be considered as separate property, though even in this scenario the amount of appreciation enjoyed by the business since the marriage may be listed as marital property.
Helping You Resolve Your Legal Matter Quickly
New York State follows the principle of equitable distribution in divorce, so the settlement is intended to be fair, rather than equal. Whether you are involved in a contested divorce or an uncontested divorce, your attorney will seek to make a strong argument for why you deserve to receive a larger percentage of any marital property, whether you are seeking a continued ownership interest in the business or if you are pursuing a cash payment for your share. We strive to avoid conflicts which could drain your financial resources, but we are prepared to go to court if necessary to fight for your right to ownership of the business you have worked so hard to build.
Contact a Long Island business asset division attorney for an initial consultation about your concerns in the divorce and to learn more about how we can be of service.
"John Virdone is an extremely honest and compassionate litigator. I have not met a more honest and ethical Attorney. He helped us get custody of our grandson. He knows the law!! He had our grandchild's best interest in mind when he took our case. We were no"S.C. Colorado
"I recently had the displeasure of enduring a highly contentious and difficult divorce against an extremely bitter, unrealistic and deceptive ex. The process was painful but John made it manageable and fought hard to win the best possible outcome with a cou"Former Client
"John helped me and my family through the medicaid process for a loved one from beginning to end. John was always there for us, promptly returning our calls, emails, etc. John was knowledgeable, efficient, compassionate, kind and understanding. He was so ea"Former Client
"Kira Schettino, this is just a note of appreciation for the long and tiring battle, we did win!! Many thanks for all your hard work. I wish you lots of success for all future cases."R.K.
"I was expertly represented during my divorce. John took the time to fully listen to my concerns, and gave me his undivided personal attention. I hope that you don't have to go through divorce, but if you do, use JOHN VIRDONE."Grace Johnson