High-Asset Divorce Lawyers In New York
Business assets, international assets and tax considerations can complicate matrimonial proceedings involving high net worth individuals. An interdisciplinary law firm based in New York City, Cox Padmore Skolnik & Shakarchy LLP applies the knowledge of the firm’s business law and commercial litigation practice to the dissolution of marriage. Clients benefit from our comprehensive understanding of complex financial issues, proven success in high stakes litigation and personal engagement in our client’s success.
Representation In High Asset ∙ High Conflict Divorce
CPS&S provides sophisticated representation in contested divorces in which significant assets, investments or business interests are at issue. Our meticulous examination of the full financial assets of both parties involved in high net worth divorce provides an advantage in asset preservation and the protection of our clients’ financial interests.
Our matrimonial lawyers at CPS&S address the many challenging issues in high asset divorce proceedings, including:
- Valuation of business interests of one spouse
- Locating hidden assets under international jurisdiction
- Assessment of tax implications of income or gains through property division
- Allocation of marital liabilities
- Deviation from guidelines for child support and alimony
- Characterization of inheritance, property brought into the marriage and other separate property
- Valuation of retirement assets including IRAs, 401(k) plans, pensions
- Reassessment of estate planning instruments
- Other complications of high asset divorce
We pursue property settlements when attainable through negotiation or alternative dispute resolution (ADR) in order to mitigate the monetary and emotional cost of courtroom divorce conflicts. However, our allegiance to our client is unwavering. In situations where the opposing side is unreasonable, we relentlessly advocate for our client’s interests at trial and appeal when necessary.
Frequently Asked Questions About High-Asset Divorce
What Is Considered A High-Asset Divorce?
The volume of an estate will often decide whether a divorce is high-asset or not. A high-asset divorce in New York typically involves a significant amount of combined assets with a total value exceeding a million dollars. The estate can consist of stocks, bonds, businesses, retirement funds, collectibles and real estate.
What Makes A High-Asset Divorce So Complex?
While a high-asset divorce will likely proceed just like any other divorce, the size of the estate can often complicate the divorce process. Many high-asset divorces are complex because of the time it takes to value an estate, determine marital assets and negotiate the distribution of assets. Another challenge during a high-asset divorce is understanding the potential tax considerations after the transfer of assets.
How Can You Protect Yourself In A High-Asset Divorce?
While many assets in a high-asset divorce are subjected to division, not everything will be divided. Many assets acquired before marriage will be left to the respective spouse with separate ownership rights, so long as they have not been commingled with marital assets.
Prenuptial and postnuptial agreements can also determine what should happen in a divorce, including what assets each spouse has a right to if their marriage ends – if you had the foresight to obtain one.
Finally, the best way to protect assets in a high-asset divorce is by reaching out for legal representation. An experienced lawyer can make sure that all marital assets are evaluated fairly.
How Much Does A High-Asset Divorce Cost?
Every high-asset divorce is unique. When couples are willing to work together on a negotiated settlement, they can minimize their costs and have more to divide. If litigation becomes necessary, the costs will increase.
Why Should You Hire An Attorney For Your High-Asset Divorce?
A high-asset divorce attorney can give people a greater advantage during a divorce. At CPS&S, our team of experienced lawyers can help value the estate, locate hidden assets, assess the tax implications and provide guidance during the divorce process.
Why Choose Us?
We are proud of our ability to provide creative and cost-effective solutions for clients engaged in family law proceedings such as divorce. At our law firm, clients can expect to receive personalized attention at the partner level from the initial consultation through the final disposition of their case. Call 800-209-7206 or e-mail us to schedule an exploratory consultation with the experienced divorce attorneys at CPS&S.
Contact Our High-Asset Divorce Attorneys Today
For results-oriented representation in high net worth divorce or matrimonial law proceedings, call our Manhattan office at 800-209-7206 or email us to schedule an exploratory consultation with an attorney.