Your home, pension, retirement and savings are all important factors that must be addressed in a divorce. The process of dividing these assets from an equitable standpoint can be complicated by many factors, and if you choose to work with an inexperienced lawyer, you risk losing out on a fair settlement.
At the Law Office of Joanne P. Monagan, Esq., we work with clients throughout New York on issues involving pension valuation and home valuation in the property division phase of the divorce process. Ms. Monagan has 20-plus years of experience in divorce and family law, and is a well-respected local attorney. While aggressive in the courtroom, she is understanding and compassionate in working with her clients.
Pension and Divorce
It is a common misconception that a pension is not considered a marital asset. All pension plans are subject to being divided, but will not necessarily be split into equal halves. For people who have long-term marriages and especially for those nearing retirement, this is a significant factor in dividing marital assets. Divorce attorney Joanne P. Monagan has particular expertise in handling situations where pension valuation is needed to protect a client’s interests.
Divorce and the House
Your home or other real estate may be among the most significant assets you acquire over the course of your marriage. Generally, if you both own the house, then it is a marital asset. If one party owned the house before the marriage, or has vacated the marital home for a period of time, the situation becomes more complex. Different factors contribute to determining whether or not the property is a mixed asset, including: whether one spouse’s name was added to the title after marriage, or whether there was an investment by the parties in the separate property of the other. We will help you to get an appraisal completed that determines the value of your home and how it fits into your division of marital assets.
Contact Joanne P. Monagan, Esq.
To discuss your questions about dividing property, your house value, and more, please contact us at (518) 272-2110. We offer free initial consultations. From our office in Troy, we accept cases throughout the surrounding New York State areas, including Albany County.