The Law Firm of Lewis C. Edelstein, Esq., P.C. has handled numerous cases where the assets of the parties were substantial, varied and complex. Many litigants have assets that are not easily categorized under the Equitable Distribution Law. Often these assets require analyses by experts, accountants, and other professionals who can be called in to argue a position in favor of the firm’s client. Some assets are intangible such as the value of a degree in higher education, post-graduate degree, and even professional licensure. For instance, a teacher might have an under graduate degree and a certification for teaching at a particular level for public school. However, if that teacher has acquired a Masters or several Masters, then the value of the teacher’s license is far greater. The factor using this evaluation is called “enhanced earning capacity.”
Businesses, such as closely-held or solely-owned corporations may present a greater challenge in a divorce court. Often times, the person who owns this business will argue that the business has no value without the owner's participation. Values can be established in many different ways. Further, the owner of the business may resist disclosing the corporation's financial history. The Law Offices of Lewis C. Edelstein, Esq., P.C. will conduct thorough discovery and disclosure of the business's records to insure that the real value of the business is determined.
The firm has dealt with hundreds of different varieties of businesses, both incorporated unincorporated. Even if a business is operated wholly or in part in cash, its value still can be determined by using a "cost of living" analysis, among other techniques.
The Law Offices of Lewis C. Edelstein, Esq., P.C. has handled cases for and against owners of multi-million dollar businesses and highly successful professionals with lucrative practices and complex assets.