High Net Worth Divorce in New York
Skilled Garden City Divorce Attorneys
division of property between spouses or partners is a critical matter to be resolved in any
divorce. If you are in the midst of a high net worth divorce on Long Island, it
is advisable to seek legal counsel to help you manage a fair distribution
of your assets. Without proper guidance, you may miss the opportunity
to claim the properties and funds entitled to you.
Jonathan E. Edwards P.C. provides top-notch counsel to guide clients through
the difficulties of divorce. Our unwavering commitment to each client's
welfare has earned us a reputation for high-quality legal service, as
demonstrated by a Martindale-Hubbell® AV rating. When you work with
our Long Island divorce attorneys, you will receive the same standard
of service our firm has provided for more than 20 years. Call our office
today to schedule your free consultation.
How Are Assets Split in NY Divorce?
According to New York's divorce laws, the court only divides marital
property acquired during the spouses' marriage regardless of who made
the purchase. Therefore, the spouse can only keep their separate property
not purchased throughout the marriage.
Elements of a High-Value Divorce
As always, a high net worth divorce will entail discussions of
spousal support, and related matters. In addition to these typical concerns, a large amount
of energy will often be directed toward negotiating property division.
An expansive variety of assets is likely to require a disproportionate
amount of energy, especially when they come under dispute in a contested divorce.
Various assets that will be taken into account include:
- Business ventures
- Various bank accounts
- Assets held in trusts or stocks
- Enhanced earnings
- Retirement funds
According to state law, these and any other marital properties must be
distributed equitably. Therefore, contact our Garden City divorce lawyers
today to ensure a clear distinction between marital and personal funds
and negotiate the distribution of these funds as effectively as possible.
As a result, we have helped thousands of clients secure favorable outcomes
in their divorce proceedings and ensure that their interests are protected
throughout the process.
Reach out to our firm, Jonathan E. Edwards P.C., to discuss your case in a