Complex High Net Worth Divorce Cases
Long Island Family Law Attorney Outlines Equitable Distribution Concerns
High net worth divorce cases are often more complex than other types of divorce cases, as there are more complex assets, businesses, professional practices, professional licenses and degrees to account for during distribution of marital property. If you have a high income and /or complex equitable distribution case, it's in your best interest to retain the legal counsel of a Long Island divorce attorney who has experience handling high net worth cases.
At Samuelson Hause & Samuelson, LLP, a skilled attorney at our office can help you understand the New York divorce process and can review all aspects of your case, including your financial status, annual earnings, assets, and marital property to gain a better understanding of what you stand to lose and what you hope to gain during the divorce process. Our main objective is to make sure your rights are protected at all times and that your goals are realized.
Property Division in a Complex High Net Worth Divorce Case
Just as in all other types of divorce cases, high net worth cases involve such issues as maintenance (alimony),
child custody, and
child support. Where high net worth cases tend to differ is in division of marital property. Because the assets and property in these types of cases are substantial, of varied types and can have substantial tax consideration, dividing up the property in a way that is beneficial to both parties can be more challenging. In addition, determining how property should be divided and allocated based on New York
equitable distribution laws can be complex. Many complex high net worth divorce cases involve the distribution of such assets as:
- Business ventures
- Real estate investments
- Multiple bank accounts
- Offshore accounts
- Stock options
- 401(k)s and pensions
- Enhanced earnings
- Licenses and degrees
In New York, equitable distribution laws state that marital property has to be divided "equitably" but does not necessarily mean equally. It does not matter which spouse has their name on the title, since all property acquired during marriage will be considered marital property subject to such division upon divorce. Oftentimes there are cases when a spouse will try to hide assets as an effort to retain them for themselves which is why it is important to have experience on your side. Our Long Island divorce lawyers are familiar with the tactics that spouses use to keep such assets. Make sure your rights are protected by seeking help from our firm as soon as possible.
Looking for a Lawyer for Your Divorce Case in Long Island?
At Samuelson Hause & Samuelson, LLP, we are committed to providing each and every client with the dedication, experienced guidance and resources needed to resolve their case in the best possible manner. We have more than 100 years of collective experience in New York divorce and matrimonial law and would be honored to put our experience to work for you. We practice with high-quality and ethical standards and value honesty at our firm.
These practices were recognized by the Better Business Bureau and our firm was officially accredited by the BBB on July 17, 2013. To learn more about how we can protect your rights and help you fight for what you deserve in your complex high net worth divorce, please don't hesitate to contact a Long Island divorce lawyer today. You can either call our office or we have the convenient option of filling out a
case evaluation form to schedule your initial call.