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Dividing Restricted Stock in a Divorce

Dividing marital assets in a divorce can be complicated, which is one reason why it’s so important to retain skilled legal counsel. As far as marital assets are concerned, you know divorce touches retirement accounts, real estate, the marital residence, cash in bank accounts, and automobiles, but it also affects restricted stock. If your spouse has restricted stock and you don’t, you may not know ...

Driver License Suspensions in New York

Most licensed drivers in New York are well-aware that their driver licenses can be suspended for having too many speeding tickets on their record and for drunk driving , but that’s only the beginning. In reality, there are several reasons why someone’s New York driver license might be suspended, which we’re going to explain in this article. If you are convicted of a serious traffic violation, such ...

Business Valuation in Divorce

If you are getting a high-net worth divorce , negotiating a fair divorce settlement will be one of your top priorities. New York is an equitable distribution state, which means all marital assets are divided in a fair and equitable matter, which unlike community property states, does not necessarily mean “equal.” If you or your spouse own a business, it could be one of the most valuable assets in ...

Business Valuation, Divorce & the 'Valuation Date'

The national divorce rate has hovered around 50 percent for decades, implying that roughly five out of ten marriages will end in divorce. If divorce were easier and faster, that percentage may even be higher since many wealthy individuals delay their divorce in fear of loss of stock options, executive compensation, and ultimately, financial devastation until they can’t take it anymore. Setting the ...