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What Is The Interest Rate For Equitable Distribution Payouts In Brooklyn Divorces?

Typically, when a distribution will be paid out over a period of time, courts in Brooklyn will assign an interest rate, usually in the 5% range.

In some cases, courts have found reasons to provide higher interest rates though, including at least one case that featured a 9% interest rate on the payout from a business the couple owned together.

Those who have significant assets or revenue streams should make sure they are represented by capable, experienced counsel in their divorce to reduce the risk of exposure to lopsided judgments or substantial burdens like high interest rates on payouts.

The attorneys at Zelenitz, Shapiro & D’Agostino represent people in divorces of all kinds, from amicable situations that are largely matters of paperwork, to contentious divorces bound for litigation.

Call us today at 718-725-9601 for a free consultation with an experienced Brooklyn divorce attorney.

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