David P. Badanes, Esq.

You are a doctor, accountant, psychologist, nurse, teacher or you have obtained any type of professional license or advanced degree.  You may not know it, but, your license or degree is subject to be evaluated as property in a divorce.

In New York State, a professional license or advanced degree is viewed as property which may result in additional income.  This means, that the professional license or advanced degree has a monetary value.  In a divorce case, this will be done by an expert who will determine the difference between the earnings made possible by the license/degree and the earnings a spouse would have made without the license/degree.  This is called the “enhanced earnings” of the spouse.”

For the spouse, without the license or degree, to receive an award on account of the enhanced earning, there are two requirements.  First, the license or degree must have obtained during the marriage.  Second, it must be shown that he/she made some contribution to the spouse’s license/degree.  For example, perhaps taking on additional household duties, helping with school work, or providing transportation to/from the school.

If you are thinking of getting a divorce, you need an experienced Matrimonial and Divorce Attorney to guide you through the process.  If you live in Long Island, Suffolk County or Nassau County, David Badanes and the Badanes Law Office have helped numerous individuals in obtaining a divorce.  Call David Badanes and the Badanes Law Office today at 631-239-1702, email at david@dbnylaw.com or visit our web site: www.dbnylaw.com.  The Badanes Law Office has offices in Northport and Garden City.

Please “like” us on Facebook to get important industry news, tips and articles.