Matrimonial divorce can be a complicated and emotionally charged process, especially when high-value assets, such as businesses or professional practices, are involved. In these situations, it is important to have an experienced and skilled attorney on your side to help you navigate the legal process so that you may protect your interests and rights.
A typical divorce attorney may be well-versed in family law, child support issues, and routine equitable distribution rules. If you only have marital debt to divide and a custody arrangement or visitation schedule to work out, then a typical divorce attorney may be a good fit for you. However, when a divorce involves the equitable distribution of businesses or other assets, it is important to choose the right attorney to represent you and your rights.
An experienced matrimonial attorney who has experience as a business litigator has more specialized expertise in the legal issues related to businesses and other assets involved in your marital estate. Such an attorney should be better equipped to handle the complex financial and legal issues involved in the division of those businesses or other high-value assets.
Here are five reasons why it may be better to hire a matrimonial attorney with business litigation experience when your divorce involves the equitable distribution of businesses or other high-value assets:
- Expertise in business law: Business litigators have expertise in business law and are knowledgeable about the financial and legal issues involved in the division of businesses or other high-value assets. They are able to understand the nuances of business operations and can provide sound advice on how to divide the assets fairly and equitably.
- Understanding your complete picture: Business litigators are attorneys who specialize in the legal issues related to businesses, including contracts, employment law, and intellectual property. These issues can arise in divorces, whether as future employment compensation or rights to future business or equity interests.
- Ability to handle complex financial issues: Business litigators have the financial acumen and analytical skills to handle complex financial issues, such as valuing businesses or other high-value assets. They are able to review and interpret financial statements, tax returns, and other financial documents and can provide valuable insights into the fair distribution of assets.
- Collaboration with other professionals: Business litigators often work with other professionals, such as accountants and financial advisors, to gather and analyze financial data and provide a comprehensive approach to asset division.
- Experience in high-stakes cases: Business litigators are experienced in handling high-stakes cases in court and are accustomed to dealing with complex legal and financial issues. They are skilled at negotiating settlements and are able to effectively advocate for their client's interests. They can work to reach a fair and equitable resolution in your divorce case.
In summary, when a divorce involves the equitable distribution of businesses or other high-value assets, it may be better to hire a matrimonial attorney who is also an experienced business litigator, rather than a typical divorce or family law attorney. Business litigators have the expertise, experience, and analytical skills necessary to effectively handle the complex financial and legal issues involved in this type of case.
If you would like to learn more about our expertise and experience in matrimonial law, and business litigation, and how we can help protect your interests and ensure a fair resolution in your divorce case, then contact us here.