 |
|
 |
 |
Welcome to Lawrence H. Bloom,
Esq.'s website. The Asset Division page provides
information regarding New York and New Jersey's
"Equitable Distribution Law", as it relates to the
divorce process. With more than 24 years of successful
experience in Family Law, we have effectively handled domestic
matters related to divorce, division of assets, alimony, child
support, paternity, custody and visitation. Divorce is
an emotionally draining process where spouses are sometimes
competing for financial resources. Our firm knows how to
uncover hidden assets and assess the "real" value of
the marital estate. We are committed to ensuring that
our
clients receive an objective, detailed picture of marital
finances to provide the best negotiating position.
However, if negotiations fail, we also have the skill and
resources to aggressively represent your financial interests.
When spouses agree on the division of property, the
arrangement is documented in a separation agreement. For
those unable to reach an amicable resolution, the court is
left to determine the fair division of marital assets.
Courts view marriage as a civil partnership that is similar to
a business partnership - partners share equal interest in
ownership and
liabilities. So when a marriage partnership ends in
divorce, assets including stock plans, 401K plans, stock
options, real estate, bank accounts, and cars owned on the
date of separation must be equitably divided. Any
marital liabilities such as credit cards, loans and any other
form of debt must also be reasonably divided.
Typically, spouses in the throes of divorce are not prepared
to objectively consider settlement offers, counter offers and
the complex rules associated with different types of
investments. Many partners accept financial terms to
expedite the divorce process and then find themselves in
financial crisis at a later date. Lawrence H. Bloom
appreciates the pressures that
vulnerable spouses are experiencing during separation and
divorce, and it is our job is to protect you and your
interests. We will investigate and carefully evaluate
all marital assets to determine their value. We will
define joint property and fight for your right to that
property. If you believe that your spouse may be transferring
joint assets out of your name, hiding assets, or if your
spouse has hired a lawyer, it is especially important that you
have expert legal representation.
How does the court determine a fair and reasonable
distribution? Under New York and New Jersey law the
following factors are considered:
- Duration of the marriage,
- Age and health of the
partners,
- Custodial responsibility,
- Estate of the spouses,
- Occupations of each partner,
- Vocational skills and
ability to obtain employment,
- Prospects for each of the
spouses to acquire future income and assets, and
- Tax consequences.
The help of an attorney who
specializes in Family law can make a valuable difference in
property distribution and other complex divorce issues.
Lawrence H. Bloom, Esq. can offer proactive advice based on
years of experience in the Family Law judicial system.
We can help you work harmoniously with your spouse towards an
amicable divorce and we can be
aggressive if negotiation is impossible. Our firm's
reputation is based on a balance of legal expertise,
sensitivity to client's needs and the vigorous representation
of our clients' financial interests and welfare. Call us
in New York at (212) 964-3502 or New Jersey at (201) 767-8208.
We can also be reached via email at LarryBloom@NY-NJ-Divorce-Attorneys.com
To add your email address to
our database for semimonthly newsletters, contact
StephaniePecorino@NY-NJ-Divorce-Attorneys.com.
|
|
 |
|
 |
© Copyright All Contents