New York Professional Degrees in Divorce Attorneys
One of the major determining factors in any divorce settlement is the earning capacity of each party. And one of the most important factors in determining someone's earning capacity is whether or not they have a professional degree or practice. From medical and legal degrees to accounting and other professional licenses, make sure you properly account for the impact of professional degrees and licenses.
At the law offices of Maxwell & Van Ryn, we help clients throughout the greater Albany area properly account for all assets that will impact their divorce, including professional degrees and licenses. Whether you are a degree holder or going through a divorce with someone who holds a professional license, we can look out for your best financial interest.
How an Advanced Degree Impacts Your Divorce Settlement
A professional practice of any sort is an asset that has to be considered in the equitable distribution plan of any divorce. The degree and license needed for that practice are also considered assets. They must be properly valued because they represent enhanced earning capacity for one party.
The main concerns regarding advanced degrees are the value of the degree to the person who holds it and how much of that value represents a marital asset. You must also consider how much the degree increased the holder's earning capacity during the marriage. Once you answer those questions, you must determine how to divide it.
We can help you assign a cash value to a given degree or license. We start with the assumption that it will be split evenly between the two parties in a divorce. Representing both degree holders and non-degree holders, our goal is to protect the financial interests of our clients.
Contact Us Today
When it comes to professional degrees and enhanced earnings in a divorce, our lawyers can answer any questions you may have and help you find solutions. Serving clients across upstate New York, our Delmar offices offer free parking. Call 518-478-6634 or contact us online today to schedule a consultation with absolutely no obligation.
