Rockland County High Net Worth Divorce Attorney
Representing High Net Worth Individuals facing divorce
Divorce can be an overwhelming ordeal for many. Each party wants to move on to something better and resolving contested issues quickly is often in everyone’s best interests. When a marriage ends with parties that have accumulated substantial assets, possessions, money, and debts, the matter becomes far more complex. A high net worth divorce is when the splitting couple’s combined money and assets meet or exceed one million dollars. There are many factors for one to consider when dealing with such a complicated divorce and talking with an attorney can make a difference in the outcome. If you are a high net worth individual facing the reality of divorce, contact our firm. The Law Office of Mark S. Paige, P.C. has been a legal resource for Rockland, Westchester, and Orange County for over 25 years. Our firm understands the uncertainty of divorce. We are ready to ease your stress while effectively representing your interests in and out of court. If you need quality legal services from an experienced law firm, contact The Law Offices of Mark S. Paige, P.C. for an initial consultation.
Important facts about high net worth divorces
High net worth individuals facing divorce have a lot to consider. Any couple who litigates a divorce based on the division of assets will be subjected to equitable distribution. In New York, courts will decide how to distribute assets in an equitable fashion, meaning fair and just. This is not impacted by marital fault and it does not always mean an even split. The judge will decide on the matter by examining many factors related to the marriage, including, but not limited to:
- Length of the marriage
- Age and health of both parties
- Earning capacity
- The need for education or training
Unfortunately, the process of discovery can pose a problem for some people. With the need to disclose net worth statements and other financial information, a party could be subjected to a court-mandated financial inquiry if things don’t add up. A forensic accountant, ordered by the court, could dig into one or both party’s finances to search for money or assets. If there are discrepancies that would interest the Internal Revenue Service, court actors are obligated to share any issues found during the investigation. This could lead to further legal issues. Understanding the uncertainty of one’s future, many high net worth individuals protect themselves through prenuptial agreements or postnuptial agreements. Though many people find it hard to consider these protective documents, it is always best to be prepared.
Contact a Rockland County High Net Worth Divorce Attorney
If you are a high net worth individual about to go through a divorce, it is important to have quality legal advice and representation through this process. Our firm has been a legal resource to Rockland County, Westchester County, and Orange County for over 25 years. If you are a high net worth individual who needs effective legal support, contact The Law Offices of Mark S. Paige, P.C. for a consultation.