Worried About Luxury Assets And Property Distribution?
Luxury assets in a divorce may pose challenges on several fronts. Beyond the complexity of evaluating their worth, ownership may be unclear, and the assets may hold significant value to you personally. New York divorce attorney Jane K. Cristal provides clarity on valuation of luxury assets and is committed to advocating the most advantageous terms and conditions for you.
She understands the importance of legal analysis and attention to detail regarding the distribution of items as:
- Luxury vehicles
- High-end real estate
- Yachts
- Private jets
- Jewelry collections
Challenges In Valuing Luxury Assets
Accurately determining the value of luxury assets may be challenging but also crucial. Market value and demand for these items fluctuates, requiring precise appraisals. Jane K. Cristal collaborates with an experienced and trusted network of professionals to ensure the appraisal of your assets is thorough and dependable.
Considerations Under New York Marital Property Laws
While New York is an equitable distribution state, ‘equitable’ doesn’t always mean ‘equal.’ Family courts consider various factors when determining a ‘fair’ distribution of assets, including high-value assets. Some of those considerations include:
- Length of the marriage
- Income of each spouse
- Future circumstances of each spouse after the divorce is finalized
- Contributions of each spouse to the marriage
- Custody arrangements of the children
Attorney Cristal and the legal team at our firm are here to work with you to pursue a fair outcome when dividing marital property amid divorce.
Strategies For Distribution
Strategic negotiation is critical in divorces involving luxury items. Jane K. Cristal helps you explore options such as asset offsets, monetary compensation for asset retention or selling assets to divide proceeds. She tailors your approach to your preferences and needs. Our goal as a firm is to pursue the goals and outcomes you wish to achieve while minimizing any emotional or financial strain you may face along the way.
Asset Distribution Handled With Care And Attention
With over 60 years of aggregate experience, the law firm of Jane K. Cristal, P.C., provides skilled guidance and handles asset distribution with care, dedication and attention to detail.
Schedule a free consultation with us today. Call our office in Mineola at 516-744-1910 or complete our contact form.