While pre-nups are supposed to serve as a roadmap for the division of assets in the event of a divorce, that does not mean that parties wont contest the interpretation and meaning of them when the time comes to enforce…
While pre-nups are supposed to serve as a roadmap for the division of assets in the event of a divorce, that does not mean that parties wont contest the interpretation and meaning of them when the time comes to enforce…
While the circumstances surrounding a high-net-worth divorce do not remove the possibility of utilizing mediation, it would be wise to retain a lawyer and contact an accountant, due to the weight of the assets at hand. Moreover, if you are…
Although the legal system does not change the divorce process for couples with a high net worth (usually in excess of $1 million in liquid assets), there are unique, moderating circumstances that arise in these divorces that, by their nature…
Because New York’s equitable distribution policy, the division of assets such as ownership of a business, an inheritance, an investment portfolio or other assets may not be divided exactly equal. The policy is in place to ensure fairness in the…
The division of property is one of the more intense stages of the divorce process, and this holds especially true in a high net worth marriage, as the properties themselves tend to be of high value. Disputes over ownership with…
When couples get divorced, one of the first thing that they do with their attorney is discuss what they want in the division, and spouses begin to strategize (on their own) how to get what they want. Part of that…
You are thinking of getting divorced and you and your spouse are considered high net worth individuals, should you mediate or litigate your divorce? Although mediation is often more attractive than litigation due to the fact that it can save…
In order to understand what a high net-worth divorce is, it’s important to first understand what “high net-worth” is classified as. A high-net-worth individual is someone whose net-worth either exceeds $1 million or has an income that is over $200,000…
Divorce in general is a long, difficult, and complex procedure in almost every case. When there is more money, more assets and additional property included, it only makes things more complicated. Because of the fact that there is substantially more…