In a high net worth divorce, it is critical that you retain the services of an experienced New York divorce attorney. At the Law Offices of Susan A. Kassel, P.C., our legal team is dedicated to ensuring that you and your future are protected.
What is a high net worth divorce?
If you or your spouse have assets worth over $1 million, your divorce will likely be considered a high net worth divorce. Another situation that may prompt this type of divorce is if one spouse owns or has an ownership interest in a business.
What assets are affected in a high net worth divorce?
In a high net worth divorce, the matters that are brought up in a regular divorce will still be considered. These matters include division of assets, spousal support, child support, and child custody. It is important to note that there are several more factors that are also commonly considered with divorces that are categorized under high net worth. Some of them include the following:
- Real estate and property holdings
- Shared businesses
- Business investments
- Retirement accounts
- Pensions
- Benefits
- 401(k)
- Stocks
- Bonds
In some cases, courts may order an investigation from forensic accountants, certified public accountants, financial analysts, private investigators, and more if there are any discrepancies that arise. That is why it is important that you are honest about your assets. If you are going through a divorce, you will need an experienced divorce attorney at your side.
How can I protect my assets in the event of a high net worth divorce?
There are several options to consider in order to protect your assets. One of the most common ways to do this is by creating a prenuptial agreement. A prenuptial agreement is usually drafted and signed by a couple before they get married. This agreement is a document that protects your assets and expressly states how they will be divided in the event of a divorce. Some couples choose not to get a prenuptial agreement because of the negative stigma that surrounds them. However, it is important to note that they can be very beneficial to both parties involved and in no way imply that the couple will end up in a divorce. If a couple does not create a prenuptial agreement and later decides they would like to, they can create a postnuptial agreement. This is the same document, with the same purpose, but it is created and signed after the marriage.
Do not hesitate to reach out to our experienced firm today if you are interested in creating a prenuptial or postnuptial agreement.
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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.
