May 2017 Archives

Work with experienced attorney to establish effective marital agreements

Protecting assets from being divided in divorce is often an important goal for those entering into marriage with significant assets, and for those who are contemplating divorce where significant assets are likely to be in dispute. Even those with modest wealth can benefit from entering into an agreement prior to marriage or divorce, since marital agreements are quite versatile in terms of the issues they can address.

Equitable distribution and the importance of protecting assets in divorce

Previously, we began looking at the divorce case of real estate magnate Harry Macklowe, and the allegation—disputes by his attorneys—that his wife of 57 years holds title to most of the valuable assets as a result of efforts he made back in 2008 to prevent creditors from touching his assets. As we noted, one issue that will certainly need to be resolved in the case is how the couple’s property should be classified.

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