When both spouses want a particular piece of property, negotiations will begin to decide its fate.
You may be able to work out an agreement where one party parts with other property in exchange for the disputed item, or you may find a way to buy out the other’s interest in the property.
In the worst case, no reasonable settlement will be reached and the matter will go to the judge.
One likely outcome in that circumstance is that the judge orders the property to be liquidated, often at a fraction of its value, and the proceeds are shared between the spouses.
It is generally best to arrive at an agreement with your spouse instead of letting the judge decide.
At Zelenitz, Shapiro & D’Agostino, we can help you find creative solutions that protect the things you value most from your marriage, keeping as much as possible for yourself.
Call us today at 718-523-1111 for a free consultation with an experienced Queens divorce attorney.