Preventing Conflicts and Financial Disputes in Real Estate Division - with Michael W. Goldstein

Divorce Dialogues

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8d ago 47:33

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"Trust can be helpful for several reasons. One is that having assets in a trust makes it easier when a person dies because the trust assets don't go through the Surrogate's Court." - Michael Goldstein Michael Goldstein, a seasoned New York attorney with over thirty years of experience, brings a wealth of knowledge to the complex issue of dividing real estate during divorce. With a focus on the intricacies of jointly owned properties, such as the marital home and investment properties, Goldstein offers practical insights and a compassionate approach to resolving these disputes. He emphasizes the importance of addressing real estate matters in divorce decrees to prevent legal complications post-divorce, considering critical financial factors like down payments, mortgage payments, and property maintenance. Beyond real estate, Goldstein also advises on utilizing trusts and updating estate plans to protect assets and ensure proper distribution, highlighting their value in safeguarding against unintended consequences during divorce proceedings. Key Takeaways ->Having a written agreement in place can help avoid potential conflicts and ensure clarity on property ownership, expenses, and potential rental income. ->Updating beneficiaries on wills, life insurance policies, and financial accounts during divorce is crucial to avoid unintended consequences. ->Trusts can be a smart tool in divorce planning, offering protection for assets from divorce, bankruptcy, creditors, or bad decisions. ->Written agreements are essential in divorce cases to prevent disputes in the future, regardless of the level of trust between parties. ->Goldstein and Miller emphasize the importance of written agreements for property ownership to avoid disputes and conflicts in the future. Connect with Michael W. Goldstein: https://www.atty1.com/ https://www.linkedin.com/in/michael-w-goldstein-6aba8410/ Connect with Katherine Miller: https://www.linkedin.com/in/kemiller1/ https://miller-law.com/

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