How do I Get a High Net Worth Divorce in New York?

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How do I Get a High Net Worth Divorce in New York?

We understand that when you get a divorce, you have a lot on your plate. Divorce can totally rearrange a person’s life. On top of the emotional process every divorcing couple goes through, your financial security may also be at risk. If you or your spouse is a high net individual, this risk becomes even greater. This is why you must read on and hire an experienced attorney to learn more about your legal options going forward.

What is considered a high net worth divorce?

Basically, when you or your spouse possess more than $1 million in assets, your divorce is a high net worth divorce. Do not let your former spouse get away with taking your hard-earned assets. Read on for a greater understanding of the process and what you can do to help your cause.

How are assets divided in a high net worth divorce?

When you are in a contested divorce, meaning you and your spouse cannot agree on its terms, your marital assets will be subject to equitable distribution. Unfortunately, “equitable” does not always mean “equal,” rather, it means something more along the lines of “a fair and just distribution of your assets in the court’s eyes.”

Since you are in a high net worth divorce, along with the standard contested divorce terms, such as child custody, child support, or alimony, you will most likely have additional assets to worry about as well. For example, your pensions, shared businesses, business investments, property holdings, and out of state or international assets may all be subject to equitable distribution.

What can I do to protect my assets from a divorce?

Thankfully, there are several things you and your spouse can do to protect your assets from equitable distribution. If you are not yet married, you and your former spouse may draft a prenuptial agreement. Essentially, a prenuptial agreement will designate in writing what will happen with your assets in the event of a divorce. If you are already married, you and your spouse may draft a postnuptial agreement, which functions the same as a prenuptial agreement.

If you jointly own a business with your spouse, you may draft a shareholder agreement that can outline what will happen with your business should the two of you divorce. If you are unable to come to any sort of marital agreement with your spouse, your best bet is to hire an experienced attorney who is ready to fight for your assets.

Contact our experienced New York firm

Matters of divorce and family law should be navigated with the guidance of an experienced attorney. If you need strong legal representation regarding matters of divorce, family law, and estate law, contact the Law Offices of Susan A. Kassel, P.C. to schedule a consultation today.

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

SERVING ALL OF SUFFOLK COUNTY

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.

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