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...
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Divorce
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...
Be cautious of hidden assets in a high-asset divorce
A loss of trust is common in many marital breakups. Any time there is mistrust in a relationship, it’s a possibility that one or both spouses may be hiding assets from each other. In a high-asset divorce, finding any hidden assets will help individuals in New York...
A prenuptial agreement can be a lifesaver amid a high-asset divorce
It goes without saying that no couple ever gets married with the end in mind. Divorce is not a topic that soon-to-be spouses usually want to discuss. However, for business owners in New York, it may be helpful to consider the possibility of a marital breakup before...
Protecting a business in a high-asset divorce
For many entrepreneurs, their business is the culmination of many years of blood, sweat and tears. Although building a business takes years of hard work, it is one of the most rewarding things any person can do in life. Unfortunately, in the event of a high-asset...
High-asset divorce: Tips for dividing property
It’s no secret that ending a long-term marriage can get messy. Couples who have been married for a number of years usually have acquired many assets and marital possessions. However, spouses in New York who decide to divorce often want to avoid getting tangled in a...