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Careful financial planning during divorce helps both parties define their needs and understand that the available finances may not allow both parties to maintain their pre-divorce lifestyle. For example, after divorce, money that was previously used to support only one home must now cover the expenses of two separate residences.

Tim and Cathy | Geoffrey and Theona

Geoffrey and Theona

When Geoffrey first started his divorce action, he was most concerned with keeping his pension earned from years of hard work as a spokesperson for Toy-R-Us. His wife, Theona, also nearing retirement, wanted to spend more time at their upstate retreat. By valuing all their assets and taking taxes into account, I was able to trade off Geoffrey's ownership in the upstate property for Theona's part of his pension plus a few other assets. This was a win-win situation in which both parties got what they wanted.

Serving the New York Metro Area. Lee Slater + Associates, 208 East Broadway, New York, NY 10002. (212) 477-6951