What needs to be considered in a high net worth divorce?

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What needs to be considered in a high net worth divorce?

Divorces between couples that have a high net worth have a tendency to be somewhat more complicated than divorces between couples with fewer assets. There are specific factors that must be taken into consideration that other couples don’t have to worry about quite as much. It is important that you go about your high net worth divorce in an appropriate way in order to avoid additional legal troubles. Legal troubles commonly arise in regards to the division of assets and liabilities and spousal maintenance.

Another factor that may exist in a high net worth divorce is a prenuptial agreement. If a prenuptial agreement is already in place to protect assets, the divorce becomes quite simple. Factors such as spousal maintenance and the division of assets can be predetermined, and only factors regarding any children the couple may have needs to be determined, such as custody and child support. If there is not a prenuptial agreement in place, the couple will have to go through the equitable distribution process normally.

Assets and liabilities can only be determined after the couple has established what property is marital property and what property is considered separate. Marital property consists of all assets and debts that were acquired throughout the course of the marriage. Separate property is all of the assets and debts that each spouse had prior to the marriage.

It is essential that all financial information and statements of net worth are completely accurate. If there are discrepancies, the IRS may get involved, which may result in additional legal problems. If you are an individual of high net worth and need an experienced attorney for divorce, contact our firm today.

If you need strong legal representation regarding matters of divorce, family law, and estate law, in Suffolk County, New York, contact the Law Offices of Susan A. Kassel, P.C. to schedule a consultation today. 

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We have an excellent AVVO rating from our many happy clients

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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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