Long Island High Net Worth Divorce Lawyers
High net worth divorce cases are often more complex than your typical divorce as there are more assets to divide between spouses. If you are a high-income earner, it is in your best interest to retain the legal counsel of an experienced attorney who has handled a variety of 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 hope to gain during the divorce process. Our main objective is to make sure your rights are protected, and we do our best to ensure your goals are realized.
How a High Net Worth Divorce Is Different
High net worth cases involve matters pertaining to spousal support, child custody, child support and asset and property division – issues you would face during any type of divorce. What sets high net worth divorce cases apart is matters of assets and property division. Due to the high value and amount of assets and property involved in these types of cases, there are different factors to consider, including:
- Tax consequences
- Fair property division
- Navigating equitable distribution laws
Additionally, high net worth divorce cases must determine what to do with the following assets:
- Real estate
- Bank accounts
- Stocks and/or mutual funds
- Retirement funds and pensions
- Art, cars, and other collectibles
Division of Martial Property
Equitable distribution laws in New York dictate that marital property should be divided equitably, which does not mean equally. Martial property constitutes all property that was acquired during marriage – regardless of which spouse has their name on the title(s).
Sometimes a case will come up where a spouse tries to hide certain property from their spouse, which is why it is imperative to have an experienced attorney on your side. Our lawyers are familiar with such tactics and can help you protect what is rightfully yours by marriage.
Hidden Assets in a High Net Worth Divorce
An individual with a high net worth may have the means to conceal assets from their spouse, especially if their spouse does not know certain assets exist, which means issues associated with hidden assets are common in high net worth divorces. Some ways your spouse may hide their assets include but are not limited to:
- Create offshore accounts
- Move assets to safety deposit boxes
- Send money to friends and/or family
- Move money to paramours
- Create secret investment accounts
In today’s technologically advanced world, it may be easy to move large amounts of money, yet these large financial transactions almost always leave behind a digital trail. Our lawyers are well-versed in uncovering hidden assets through cutting-edge strategies and will work with you every step of the way to help you navigate these issues.
Today, uncovering hidden assets involves far more than scouring through credit card statements, social media accounts, and tax returns. Sometimes more sophisticated methods and tools need to be utilized to identify hidden assets. If you have reason to suspect financial infidelity, we urge you to contact our firm for professional assistance. Our legal team is adept at uncovering hidden assets through a variety of methods, including high-tech, low-tech, and time-tested strategies.
Looking for a Lawyer for Your High Net Worth Divorce Case in Long Island? Call Us Today!
At Samuelson Hause & Samuelson, LLP, we are committed to providing each client with the dedication, 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.
To learn more about how we can protect your rights and help you fight for what you deserve in your high net worth divorce, do not hesitate to contact us today.