What to Know About High Net Worth Divorce in New York

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What to Know About High Net Worth Divorce in New York

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.

CONTACT OUR 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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