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Every year, the court hears divorce cases between couples that are high-asset. This means there are many assets involved in the divorce and the court will have to unravel it to ensure equity and fairness. This doesn’t matter whether you are going through a contested or uncontested divorce. Many people don’t want to have to pay out an excessive amount of money that they have accumulated. But you may be looking at that if you don’t have a prenuptial agreement. If you have a great deal of assets and need more information about a high net worth divorce, you should seek out an experienced attorney.
In New York, high-asset divorces have to resolve issues of child support, alimony, and spousal support. Again, a prenuptial agreement, if you have one, can make some of the issues moot. But if you feel the need to have it enforced, you will need an high-powered divorce attorney to help you get it sorted. No one can blame a person who wants to hang on the assets they have accumulated. An experienced attorney can help you explore your options.
Some of the issues that may arise during this proceeding include:
Your earning potentinal
Stock options, IRAs, 401Ks, annuities and pension
In the state of New York, equitable distribution begins with the division of assets. There has to be a determination of marital and separate property. Once this has been established, the court will use a number of factors to determine what is divided. If you protest, you need to have a very experienced attorney who can speak up for you. they should have sufficient skills to protect your rights, regardless of your profession, which could be a physician, attorney, actor, entertainer, model, professional musician or professional athlete.
If you made your money, you have a right to keep the majority of it. A high net worth attorney will use financial and forensic accountants to investigate assets. Once your entire financial picture has been laid out, an attorney can map out what needs to be done to preserve your rights. One of the things that should not be done in this case is the attempt to hide assets. This will not bode very well in a court of law.
Once you get in a courtroom, you should be honest and forthright about the situation. Getting angry will get you nowhere. Your attorney should have already prepped you regarding the proceedings so you will now what to expect.
This is one of the main reasons why individuals, especially ones, who are the sole bread winner, or had a significant amount of personal wealth before they married, should get a prenuptial. Even in the instance you don’t have one, your attorney will still go to bat for you. You will need someone with extensive experience in handling tough divorce situations.
There are a number of high-asset attorneys in the Brooklyn area. These cases come through the courts all the time, so most attorneys have handled dozens, if not hundreds of these proceedings. If you have issues with your divorce and have high assets, you need to seek out the best attorney you can find to resolve the situation as quickly as possible. Call a skilled attorney for a free consultation today.