High-net-worth divorce: How can I safegaurd my business?

Contact Us Today!

As a business owner, divorce can have serious implications on the enterprise you’ve built and made successful. That being said, preparing yourself to navigate a high-net-worth divorce is crucial, as the process can become increasingly intricate when dealing with significant financial holdings during property division. Divorces involving high-net-worth couples differ from traditional divorces, as they involve higher income brackets and multiple valuable assets. As such, it can be difficult for these couples to reach an agreement regarding the terms that will apply to the termination of their marriage. If you’re currently facing a high-net-worth divorce, it is in your best interest to contact a skilled Suffolk County High-income Divorce Attorney who can help you safeguard your business’s interests. 

What is a high-net-worth divorce?

A divorce involving high-income individuals may present similar issues as a traditional divorce. However, while no exact threshold qualifies a couple as high-income, those with significant net liquid assets, such as $1 million or several million, may fall into this category. These assets include business ventures, professional practices, or residential and commercial properties. It’s imperative to note that the definition of a high-net-worth divorce has evolved from previous years, as a million dollars is not what it used to be. Today, these divorces usually involve multiple millions of dollars. Consequently, high-net-worth couples face unique challenges when it comes to the valuation and distribution of marital assets.

How can I protect my business during a high-net-worth divorce?

When high-income individuals face divorce, they often worry about its impact on their business. Fortunately, there are various approaches that business owners can utilize to shield their business from the consequences of a high-net-worth divorce.

Firstly, high-income individuals should consider creating a martial agreement. Before getting married, you can draft a prenuptial agreement stipulating the property stake of each spouse in the business. You can specify whether the property is separate or marital and how it will be divided in a divorce. This will protect your ownership share and mitigate the risk of future conflicts and lengthy legal battles. If you didn’t draft a prenuptial agreement before getting married, you could still establish a postnuptial agreement, as it functions the same as a prenuptial agreement.

Even if you didn’t create a marital agreement, you can still reduce the impact of divorce on your business. Apart from a marital agreement, you can create ownership shares, buyout agreements, or other formal agreements based on fair value among the business owners. You could also create a business succession plan for your closely held enterprise, as it will ensure the long-term stability of your business. You can turn to a collaborative divorce or mediation if you don’t create a formal agreement or business succession plan. Through these alternative dispute resolution divorce routes, an impartial third-party mediator or attorney can help you and your former spouse work towards reaching a mutually beneficial agreement while safeguarding your business.

High-net-worth divorces are complicated as they involve high stakes. With so much on the line, retaining an experienced attorney from The Law Offices of Susan A. Kassel, P.C. is in your best interest. Our firm is prepared to help you protect your hard-earned assets and your business’s interests.

Why choose our firm?

We have an excellent AVVO rating from our many happy clients

We will tirelessly pursue a favorable resolution to your case

We offer aggressive and effective representation

We treat our clients with the compassion, patience, and respect that they deserve

We have more than 20 years of dedicated legal experience

We have the legal knowledge necessary to help you obtain the outcome you desire

We tailor our practice to the representation of your divorce case

What Our Clients Are Saying

I hired Susan to represent me in a divorce matter where I was fighting for custody and to limit my wife's equitable share of our assets. I won custody of our son, kept the marital residence, kept my professional practice, kept my building and paid less than half to my wife. This was after a long-term marriage. She could persuade the court that equitable is not equal and sometimes the man does deserve to win!

‐ Dave

I first must say that I had been represented by two prior attorneys both of whom had simply taken my money and left me nothing to show for it in my custody case. They kept telling me what they were doing for me but I found out they were lying. Susan on the other hand had gotten me temporary custody and support for my children and myself within two months of hiring her. I cannot say enough about her.

‐ Craig

After talking to a few other attorneys, I hired Susan to represent me in my divorce and custody dispute. I was reluctant to go with her because she was the cheapest out of all the other attorneys I met with, but I'm so glad I did. I am 100% positive no one else would have done such a great job with my case as Susan and her staff. Her work is quality, her staff is reliable and her character is honorable. There...

‐ Linda

I had a very difficult case where I had already burned through two attorneys who were unable to get me custody of my children and complete my divorce. Susan was able to rapidly work out an agreement and not let it just malinger on like my previous experiences. She was also considerate of my financial situation unlike all of the other lawyers I had spoken to. I highly recommend her if you want complete and caring service with an in-depth knowledge of...

‐ Joanne


The Law Offices of Susan A. Kassel, P.C. proudly serves clients throughout Suffolk County, New York in their divorce, family law, and estate planning matters. If you require the services of an experienced Suffolk County attorney, schedule a consultation with The Law Offices of Susan A. Kassel, P.C. today.

Recent Blogs


Contact Us Today!