Throughout New York, many couples are finalizing divorce settlements before the end of the year. For those with children, many issues will be relevant to their settlements, such as legal and physical custody and, perhaps, child support. There is also the matter of...
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Divorce
Check for full disclosure in a high-asset divorce
When a New York couple with children separate, they must resolve several issues regarding their kids, as well as their property and finances. Both parties must fully disclose their assets and liabilities to one another. This is required under state divorce laws. New...
A forensic accountant can help in a high-asset divorce
Preparing for property division proceedings in New York is less stressful when a spouse has the information and resources to protect their interests. A high-asset divorce can get quite messy, especially if a spouse is hiding assets. One way to find out is to hire a...
Achieve a fair settlement in a high-net-worth divorce
Wealthy New York business owners who are married are not guaranteed relationship success. Many experience serious marital problems similar to couples with average incomes. From infidelity and financial deception to situations where spouses have simply drifted apart,...
Read this before filing for divorce in New York
When a married couple decides their relationship is beyond repair, they usually take formal action to sever ties. If the marriage lasted five, 10 or more years, and if children are involved, such a decision will have implications in all aspects of their lives. Even...
Don’t overlook these issues in a high-asset divorce
New York is home to many business moguls and high-profile married couples who make headline news whenever problems in their marriage are leaked to the media. Some couples can restore their relationships. Others file for divorce, which can result in more headlines but...
Stop a spouse from hiding assets in divorce
Financial infidelity is a big problem in many high-net-worth marriages. Sometimes these problems spill right over into a New York courtroom if a couple decides to divorce. Financial deceit during divorce proceedings typically comes in the form of hidden assets. It’s...
Mediation can be beneficial in a high-asset divorce
A marital breakup is one of life’s most stressful and challenging events. Not only is this experience often emotionally and psychologically devastating, but the divorce process can be drawn-out and destructive for all parties involved. No one really wins in a divorce....
Estate planning moves to make in a high-asset divorce
Many business owners in New York have likely spent years and years working hard to build their dreams and accomplish their goals. A great way to protect an asset like a business and ensure that wishes are fulfilled is with an estate plan. However, in the midst of a...
Addressing investment accounts during a high-asset divorce
Investment accounts can come in a variety of forms and fashions, each of which may function in its own manner. As you navigate through life, there is a chance you may build up a significant portion of wealth along the way, and you could choose to use some of your...