What Cats Can Teach You About Divorce

Yes, you read that right, cats can teach you something about divorce. As someone who has watched several cat videos, their behavior offers lessons for us humans on the divorce process. So, what can cats teach us:

  1. Cats don’t listen to other cats. Cats are not pack animals, they don’t blindly listen or follow what other cats do. When going through a divorce, your family and friends may give you lots of advice on how to handle your divorce. They may mean well, but, all too often their advice is not helpful. It is better to listen to your attorney’s advice.
  2. Cats can take care of themselves. Most cats are pretty independent and are good at taking care of themselves. In your divorce, you may need to learn how to take care of yourself.
  3. Cats are tough. If you have watched those cat videos, you are probably amazed at what cats can endure, and come out as if nothing happened to them. You will need to apply this advice in your divorce. A divorce can be very stressful and you may be faced with some difficult issues. Like a cat, you need to be tough and find a way to be successful, no matter what a divorce throws at you.
  4. Cats don’t need expensive jewelry or anything expensive. You buy a cat a cute little cat toy, and most likely it will play with the box it came in. Cats make do with what they have. So, in your divorce, you may be focused on what “things” you used to have, but, it may be better to focus on what is really important than on “things”.
  5. Cats will not tolerate bad behavior. Cat owners know that cats will not put up with crazy or annoying behavior. The same goes for your divorce. You may not be able to change your ex’s behavior, but, there is no need for you to tolerate it. If your ex’s actions are negatively affecting the children, you must take action.

You don’t have to love cats to know that they can teach you something about divorce. David Badanes and the Badanes Law Office recognize that a divorce is a stressful time, but, like a cat, will help you navigate the process. If you need a divorce attorney with cat-like reflexes, then call David Badanes and the Badanes Law Office. Contact David Badanes and the Badanes Law Office at 631-239-1702, email at david@dbnylaw.com or visit our website: www.dbnylaw.com. The Badanes Law Office has offices in Suffolk County (Northport) and in Nassau County.

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What a Billionaire’s Divorce Can Teach You

You may not be a billionaire, but the laws apply equally to billionaires as it does for everyone else. Harry Macklowe and Linda Macklowe are billionaires, they are the owners or an impressive art collection that according to Mr. Macklowe’s expert, is worth $788 million dollars, but, according to Ms. Macklowe’s expert is worth $625 million dollars. This illustrates that when it comes to personal property (which is what an art collection is considered), that valuation can be difficult and can vary widely. The same principle applies to any personal property that you and your spouse may own and that you may be arguing over. You may say that your car is worth $20,000, while your spouse says it is worth $10,000. So, what will happen? Well, similar to the Macklowe’s divorce, there are a few choices that the Court can choose from.

The court could decide to:

  1. Sell the asset (here, the car, in the Macklowe divorce, some of the art collection).
  2. Retain a receiver to determine what to do with the asset. A receiver is a third party that is appointed by the Court. A receiver will get a fee for performing its services, and in some cases, their fee is based on the amount of money they can obtain from selling the asset. Typically, receivers are used to manage and sell real estate property, but, as with the Macklowe divorce, a receiver can also be used to sell personal property. In the Macklowe divorce, the receiver decided to sell some of the art and give some of it to each party.
  3. Give the asset to one party, and compensate the other party with cash. In my car example, the Court could decide to let you keep the car, but, then you would have to give 50% of your valuation to your spouse, so, you would have to give $10,000 to your spouse. This is why, you don’t want to overvalue your asset, if you do, you may end up giving more money to your spouse then what the property is really worth. However, you also don’t want to undervalue your asset, because the Court could also give the car to your spouse (who said it was worth only $10,000), in that case, your spouse would only have to give you $5,000 and that may be a lot less than what the car is really worth.
  4. Allow the parties some time to reach a settlement on how to distribute personal property. Typically, this is the best method for dividing up personal property. It allows you and your spouse control over the process, and typically, will result in none of the property being sold and with each party getting a fair share of the property.

So, although you may not own an art collection worth millions of dollars, it is likely that you do own personal property, which includes, as some examples: cars, furniture, tools, equipment, jewelry, and sports collections. In many instances, determining the value of the personal property can be difficult. Just as in the Macklowe divorce, the Court has a few choices on how to distribute that personal property. In most cases, the best course of action is to reach an agreement with your spouse on how to distribute the personal property.

David Badanes and the Badanes Law Office can help you with your divorce, including issues of dealing with personal property. David Badanes has helped numerous clients in their divorce cases. The Badanes Law Office handles all types of divorce cases, from the extremely complicated to simple uncontested divorces, and everything in-between.

If you are thinking of getting a divorce, or are thinking of hiring a new attorney for your divorce, then call David Badanes and the Badanes Law Office. Contact David Badanes and the Badanes Law Office at 631-239-1702, email at david@dbnylaw.com or visit our website: www.dbnylaw.com. The Badanes Law Office has offices in Suffolk County (Northport) and in Nassau County.

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Six Things A Woman Should Do in Preparation For A Divorce

If you are a woman who is thinking of getting a divorce, believes their spouse will be filing for a divorce soon, or have just been served divorce papers, here are six steps you should take:

  1. Open up your own bank account: You will need to have funds that only you have access to. You should open up your own bank account (both checking and savings). It is also a good idea, to open up the new bank account at a different bank than the one you have with your spouse.
  2. Start Saving Money: Start putting money into the new bank account. If you are employed, then you may want to put your paycheck (or some of your paycheck) into the new bank account.
  3. Get Your Financial Documents: You will need to obtain a lot of different financial documents. For example, bank statements, retirement statements, mutual fund statements, and many more. Now is the time to start obtaining those records. You don’t have to get hard copies, as typically, your attorney will accept electronic copies.
  4. Get a New Accountant or Talk to the One You Have. In many divorces, you may want to obtain a new accountant. The time to start looking for one is now. Your new accountant can help you with your tax returns and maybe give you good financial advice. If you want to keep your existing accountant, you may want to talk to him/her and see what financial advice they can give you.
  5. Credit Cards: Make a list of your credit cards.
  6. Budget: Make a budget. Your financial status will be changing. You will need to know what your current expenses are, and what you believe your projected expenses will be.

If you are going thinking of getting a divorce, or have been served with divorce papers and need an attorney, contact David Badanes and the Badanes Law Office, P.C. David Badanes and the Badanes Law Office’s phone number is 631-239-1702, email at david@dbnylaw.com or visit our website: www.dbnylaw.com. The Badanes Law Office has offices in Northport and Uniondale.

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