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Inaccuracies during property division can affect one’s divorce

When sharing life with another for several decades, memories, possessions and property are collected with time. However, if a marriage comes to an early end, a majority of Massachusetts couples will need to consider property division in their divorce agreement. For Burt and Lucille Handelsman, their split came with a hefty price as their $550 million real estate business has gone under the knife in an attempt to divide it evenly and fairly.

Recently divorced, the elderly couple built their real estate empire together over the course of their 67-year marriage. Their beginning was at a humble kitchen table in New York as they invested in property and continued to build on their success. The business expanded to South Florida, establishing the family business in serving high-end clientele.

Though legally divorced, the loose ends of the split are far from over. The division of their multi-million dollar properties has proven to be complicated. A greater part of the ownership is shared between the exes and their children. With their relationship strained, both parties have not been able to come to an agreement of the value of each property, many times valuing an undesirable property too high or too low for a piece of real estate that is most coveted.

Unfortunately, the Burt and Lucille Handelsman continue to face each other in court long after the initial divorce proceedings, unwilling to compromise in order to come to an agreement. Their case is facing  the ire of the judge handling the property division issues, potentially leaving both parties unsatisfied. For any individual in Massachusetts who is considering or involved in a divorce, the assistance of an experienced family law attorney is typically a wise choice.

Source: mypalmbeachpost.com, “Lawyer says he falsely accused Burt Handelsman of $1 mill misdeed“, Jane Musgrave, Feb. 28, 2018

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