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NYC High-Net-Worth Divorce Lawyer Juan Luciano Offers Guidance on Protecting Assets in Divorce 12-13-2024 07:40 PM CET | Politics, Law & Society Press release from: ABNewswire Facing the complexities of a high-net-worth divorce can be an emotional and financial challenge. For individuals in New York City with substantial assets, it is essential to protect these resources during a divorce. NYC high-net-worth divorce lawyer Juan Luciano ( https://divorcelawfirmnyc.com/protecting-assets-in-a-high-net-worth-divorce/ ) emphasizes the importance of taking proactive steps to safeguard financial interests and avoid lengthy legal battles. High-net-worth divorces often involve significant financial stakes, including real estate, businesses, investments, and other valuable assets. According to NYC high-net-worth divorce lawyer Juan Luciano, understanding how New York's equitable distribution laws affect asset division is critical. "New York courts divide assets based on what is deemed fair, not necessarily equal. This makes it vital to protect your financial future by taking appropriate measures early in the process," says Luciano. One of the most effective ways to shield assets in a high-net-worth divorce is through prenuptial or postnuptial agreements. As NYC high-net-worth divorce lawyer Juan Luciano explains, "A well-crafted prenuptial agreement establishes how assets will be distributed in the event of a divorce, reducing disputes and ensuring clarity. For those already married, a postnuptial agreement can offer similar protections." These legal instruments allow individuals to define the treatment of assets acquired before or during the marriage, providing clarity in contentious situations. For those without a prenuptial agreement, maintaining clear boundaries between marital and non-marital property is essential. Assets owned before marriage are typically considered separate property, but commingling these resources with marital funds can complicate their classification. Juan Luciano advises his clients to keep personal accounts and property separate to avoid potential disputes during asset division. In cases where disputes over property valuation arise, professional appraisals often play a crucial role. Determining the value of assets such as real estate, businesses, and unique investments often requires specialized expertise. Luciano underscores the importance of accurate valuations, noting that "engaging skilled appraisers ensures that all parties understand the value of the marital estate, facilitating a more equitable distribution of assets." Trusts can also provide an effective way to protect assets during a high-net-worth divorce. By placing property in a trust, individuals can shield these assets from becoming part of the marital estate. Luciano highlights this as a strategic option for safeguarding financial interests while maintaining legal and financial clarity. When litigation becomes necessary, having an experienced NYC high-net-worth divorce lawyer can make a significant difference. Luciano explains, "Negotiating a separation agreement can save time and reduce costs, but when both parties cannot agree, court intervention may be required. Having a skilled attorney ensures your interests are effectively represented throughout the process." For high-net-worth individuals, securing a lawyer with a deep understanding of the complexities involved in asset valuation and division is essential. In high-stakes divorces, mistakes in asset distribution or valuation can result in significant financial losses. Luciano emphasizes the need for careful legal representation to protect clients from unnecessary risks and complications. Beyond asset protection, Luciano also assists clients in negotiating settlement agreements that can minimize the emotional toll and financial burden of prolonged litigation. Settlement agreements offer a binding resolution to property disputes, often avoiding the need for trial. However, when negotiations fail, Luciano's experience in courtroom advocacy ensures his clients are well-prepared to pursue a favorable outcome. Juan Luciano's dedication to his clients extends beyond property division. His approach includes guiding individuals through the often overwhelming legal landscape of divorce, offering reassurance and clarity during a challenging time. He advises his clients to take a proactive approach to asset management and seek professional advice to prepare for potential complications. For those considering divorce, taking steps to protect assets early can make a substantial difference. Whether through prenuptial agreements, trusts, or careful financial planning, high-net-worth individuals can preserve their financial stability with the guidance of an experienced lawyer. Juan Luciano encourages anyone facing a high-net-worth divorce in New York City to seek knowledgeable legal counsel to protect their rights and secure their future. About Juan Luciano Divorce Lawyer: Juan Luciano is a respected NYC high-net-worth divorce lawyer with extensive experience in asset valuation, property division, and the complexities of high-stakes divorce cases. He is dedicated to providing effective legal representation and personalized solutions for clients navigating challenging divorce proceedings. Embeds: Youtube Video: https://www.youtube.com/watch?v=8iBv3jhNfqo GMB: https://www.google.com/maps?cid=4020903599192949720 Email and website Email: juan@divorcelawfirmnyc.com Website: https://divorcelawfirmnyc.com/ Media Contact Company Name: Juan Luciano Divorce Lawyer Contact Person: Juan Luciano Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=nyc-highnetworth-divorce-lawyer-juan-luciano-offers-guidance-on-protecting-assets-in-divorce ] Phone: (212) 537-5859 Address:347 5th Ave #1003 City: New York State: New York 10016 Country: United States Website: https://divorcelawfirmnyc.com/ This release was published on openPR.One of the country’s largest health insurers reversed a change in policy Thursday after widespread outcry, saying it would not tie payments in some states to the length of time a patient went under anesthesia. Anthem Blue Cross Blue Shield said in a statement that its decision to backpedal resulted from “significant widespread misinformation” about the policy. “To be clear, it never was and never will be the policy of Anthem Blue Cross Blue Shield to not pay for medically necessary anesthesia services,” the statement said. “The proposed update to the policy was only designed to clarify the appropriateness of anesthesia consistent with well-established clinical guidelines.” Anthem Blue Cross Blue Shield would have used "physician work time values," which is published by the Centers for Medicare and Medicaid Services, as the metric for anesthesia limits; maternity patients and patients under the age of 22 were exempt. But Dr. Jonathan Gal, economics committee chair of the American Society for Anesthesiologists, said it's unclear how CMS derives those values. In mid-November, the American Society for Anesthesiologists called on Anthem to “reverse the proposal immediately,” saying in a news release that the policy would have taken effect in February in New York, Connecticut and Missouri. It's not clear how many states in total would have been affected, as notices also were posted in Virginia and Colorado . People across the country registered their concerns and complaints on social media, and encouraged people in affected states to call their legislators. Some people noted that the policy could prevent patients from getting overcharged. Gal said the policy change would have been unprecedented, ignored the “nuanced, unpredictable human element” of surgery and was a clear “money grab.” “It’s incomprehensible how a health insurance company could so blatantly continue to prioritize their profits over safe patient care,” he said. "If Anthem is, in fact, rescinding the policy, we’re delighted that they came to their senses.” Prior to Anthem's announcement Thursday, Connecticut comptroller Sean Scanlon said the “concerning” policy wouldn't affect the state after conversations with the insurance company. And New York Gov. Kathy Hochul said in an emailed statement Thursday that her office had also successfully intervened. The insurance giant’s policy change came one day after the CEO of UnitedHealthcare , another major insurance company, was shot and killed in New York City. The Associated Press Health and Science Department receives support from the Robert Wood Johnson Foundation. The AP is solely responsible for all content. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. Get the latest local business news delivered FREE to your inbox weekly.
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SAN FRANCISCO (AP) — A photojournalist who captured one of the most enduring images of World War II — the U.S. Marines raising the flag on the Japanese island of Iwo Jima — had a block in downtown San Francisco named for him Thursday. Joe Rosenthal, who died in 2006 at age 94, was working for The Associated Press in 1945 when he took the Pulitzer Prize-winning photo. After the war, he went to work as a staff photographer for the San Francisco Chronicle, and for 35 years until his retirement in 1981, he captured moments of city life both extraordinary and routine. Rosenthal photographed famous people for the paper, including a young Willie Mays getting his hat fitted as a San Francisco Giant in 1957, and regular people, including children making a joyous dash for freedom on the last day of school in 1965. The 600 block of Sutter Street, near downtown’s Union Square, became Joe Rosenthal Way after a short ceremony Thursday morning. The Marines Memorial Club, which sits on the block, welcomed the street’s new name. Aaron Peskin, who heads the San Francisco Board of Supervisors, welcomed the city's political elite, military officials and members of Rosenthal's family to toast the late photographer, who was born in Washington, D.C., to Russian Jewish immigrant parents. The famous photo became the centerpiece of a war bonds poster that helped raise $26 billion in 1945. Tom Graves, chapter historian for the USMC Combat Correspondents Association, which pushed for the street naming, said the image helped win the war. “But I’ve grown over the years to appreciate also his role as a San Francisco newspaper photographer who, as Supervisor Peskin says, went to work every day photographing the city where we all live, we all love,” he said. Graves and others said they look forward to tourists and locals happening upon the street sign, seeing Rosenthal's name for perhaps the first time, and then going online to learn about the photographer with the terrible eyesight but an eye for composition. Rosenthal never considered himself a wartime hero, just a working photographer lucky enough to document the courage of soldiers. When complimented on his Pulitzer Prize-winning photo, Rosenthal said: “Sure, I took the photo. But the Marines took Iwo Jima.”
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