High Net Worth Divorce in New York
Skilled Garden City Divorce Attorneys
The 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 child custody, 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 free consultation!
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