By Randy S. Margulis | Published January 29, 2013 | Posted in Divorce, Family Law | Tagged Tags: division of assets, Divorce, divorce settlement, New York divorce and family law attorney, valuation of a professional license or degree | Leave a comment
The Value of Professional Licenses and Degrees
During the course of her marriage, Victoria Esposito-Shea obtained a law degree. When Victoria and her husband divorced, their assets were divided. Victoria’s law degree was valued at $126,000 and her husband was awarded 10 percent of its value. The valuation of a professional license or degree is the most contentious issue in many New Read More
Read MoreHow to Prevent Divorce from Damaging Your Credit
Although celebrity divorces are the focus of the media — Tom Cruise and Katie Holmes, Dennis and Michelle Rodman, Heidi Klum and Seal — for many people the concern is not how many thousands they pay each month in spousal and child support, but how their many thousands of dollars in debt are allocated. Even Read More
Read MoreDividing Your Business in a Divorce
With his impending divorce announced recently, philanthropic billionaire Stewart Rahr will be giving away more than his usual share — but this time not to charity. Rahr is facing an enormous settlement with his soon to be ex-wife, who was at his side as he built his company. In another case, millionaire executive Henry Silverman, Read More
Read MoreThe Tax Implications of Divorce
A 2011 Kings County case demonstrates that serious consideration of tax implications is crucial in a divorce. The husband’s gross income was $107,953 and the wife’s was $11,660. After payment of alimony, child support and taxes, the husband took home $41,000 per year and the wife’s income was $58,253. Be sure to review IRS Publication Read More
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