Marital Asset Division In Military Divorces
After divorce, you both will live on less. A court won’t approve a lopsided division of marital property, so it doesn’t make sense to further drain your assets through bitter litigation.
Attorney Keith Schulefand has more than 30 years of experience in family law service. He believes an out-of-court solution is preferable to a division of assets dictated by a judge. When you select the law office of Keith B. Schulefand, Esq., we will work to make sure our clients are treated fairly in property settlement negotiations. We also seek to resolve divorces with the least time, expense and hostility. If litigation is required, we keep it focused and brief.
At the law office of Keith B. Schulefand, Esq., we sit down with clients to identify all assets, debts and post-divorce obligations. We determine which assets are separate property, and are therefore not subject to marital property division. Before negotiations, we take the time to explore:
- What’s most important to you
- What you’re willing to give up or accept as offsets
We don’t want any surprises later. As your attorney, Mr. Schulefand will make sure the property division and separation agreement covers:
- The marital home and other real estate
- Personal property
- Closely held businesses
- Life insurance and health insurance
- Stocks, investments and accounts
- 401(k), pensions, IRAs and deferred compensation
- Allocation of credit card and other debt
- Medical bills not paid by insurance
- Dependency exemptions for children (only one parent can claim this exemption)
- College expenses (if agreed upon or ordered by a court)
Retirement funds are often the largest assets and the biggest sources of contention in marital property division. A qualified domestic relations order (QDRO) allows each spouse to take a designated share and hold it in their own name. We draft or review QDROs to ensure the transfer is not taxed and to verify the QDRO is divided consistent with the divorce agreement.
Bankruptcy is a common outgrowth of divorce. We can advise on whether it would be better to discharge marital debts before or after the dissolution, or to file at all.
Contact A New York Equitable Distribution Lawyer
Attorney Keith Schulefand provides the personal attention needed to see that your marital property division is settled in a fair and timely way. Contact us at 716-568-4453 to arrange an initial consultation.