Rudy and Judi are getting a divorce. The ex-mayor of New York is now officially involved in a contested divorce matter with his wife of fifteen years, Judith Nathan. On Wednesday, April 4th, 2018, Judith filed for a contested divorce in Manhattan County. The main difference between an uncontested and a contested divorce is whether the parties are seeking equitable distribution of the marital estate. In the case of Giuliani, his wife chose the latter. This means she wants what her lawyers will argue she is entitled to and will use the court system to get it. This spells trouble for the ex-mayor of NY, as the article states:
“His lucrative lines of work have resulted in him and Judith owning homes in Southampton, Manhattan and Palm Beach.”
That is just the tip of the iceberg. When you are thinking about your own potential divorce or separation, you have to ask yourself, “What did we accumulate during the marriage?” In the ex-mayor’s case, those Southampton, Manhattan, and Palm Beach properties that were seemingly acquired during the marriage are going to be presumptively marital property. This means either they will have to agree on a value or have the properties appraised. From there they will have to reduce that value from any mortgages and encumbrances currently existing on the properties to figure out their equity. Things get trickier when you take into account if any premarital separate property was used to acquire these houses. How about Giuliani’s assets he brought into the marriage? Was there any active appreciation directly or indirectly attributable to the non-titled spouse? These are the questions you need to go over with the attorneys at Beckerman & Granados. The large estates like the mayor’s to those small ones full of sentimental value, the lawyers at Beckerman & Granados are ready to help you. Call us today for your free telephone consultation to discuss your options and potential exposure.
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