How do I Know if I’m in a High Net Worth Divorce in New York?

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How do I Know if I’m in a High Net Worth Divorce in New York?

When going through a divorce, one of the most highly contested matters is the division of assets. This is the case in any divorce, but is understandably more complicated when spouses are of high net worth. Continue reading below to learn more about this process and contact an experienced New York divorce attorney for guidance with your case.

What is a High Net Worth Divorce?

When a couple has over $1 million in assets, they are considered to be of a high net worth. This means that when they divorce, it is a high net worth divorce. The process of a high net worth divorce tends to require more attention than a regular divorce case due to the complexity of these assets. This can include assets such as property holdings, real estate, business investments, shared businesses, stocks, bonds, and out of state or international interests.

During a high net worth divorce, the court analyzes the financial documents of both spouses in order to have a detailed understanding of their financial situation. In doing so, the court may utilize experts such as financial analysts, real estate appraisers, certified public accountants, private investigators, forensic accountants, and more to do so. Spouses who lie or falsely represent their finances may face an investigation with the IRS.

How Can I Protect my Assets in a Divorce?

Certain assets are very important to a person. It is because of this that they may wish to protect them in the event that they go through a divorce. There are a variety of ways this can be done. Most commonly, especially in high net worth cases, a prenuptial agreement will be signed before marriage. This is a document that outlines how the two would want their assets divided if they divorce. Similar to this, a postnuptial agreement can accomplish the same goals but is signed after the marriage is official. If the spouses own a business together, a shareholder agreement can determine how a business should be handled if they go through a divorce. 

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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

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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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