High Asset Divorce
The end of a marriage is a tumultuous time. Separating a household built over years together can be very challenging emotionally and economically. When marital financial assets have a high net worth, the divorce can be even more complex.
It is important to have a high asset divorce attorney in New York City to protect your rights. At Randi L. Karmel, PLLC, our dedicated legal team has the skills, experience, and resources you need to safeguard your financial interests.
If your marriage is ending and you are concerned about protecting your assets, call Attorney Randi Karmel. Our family law firm represents clients from all five boroughs. Contact us for a consultation with one of our family law attorneys to discuss your unique matrimonial or family law matters by clicking here or calling us at 212-755-0224.
Why Are High Asset Divorces in New York City Complex?
The state of New York considers equitable distribution during a divorce. However, dividing marital property can pose unique challenges:
- Determining all assets:
When assessing marital assets, it can be difficult identifying which were acquired before marriage and considered separate. Also, some assets may be subject to prenuptial and postnuptial agreements.
- Asset evaluations:
High-asset divorces involve a wide range of marital holdings. In many cases, assets include multiple properties, business interests, intellectual property, and more. When a couple holds controlling shares in a company, evaluating and dividing requires expertise.
- Tax issues:
Assets are taxed differently. Some may have greater deductions than others. Tax issues can also be complicated if there is a large income disparity between the spouses, large tax debt or payment plan to the IRS, or a business is involved.
- Hidden assets:
If a spouse is suspected of hiding assets, a forensic accountant may be needed to assess everything accurately.
- International assets:
When a spouse or both own interests in foreign markets, international issues and tax matters may arise.
- Spousal and child support:
Spousal support is typically more available and more substantial in high asset divorce cases.
High-asset divorces are long and strenuous, especially when there is a substantial economic disparity between spouses. In many cases, income inequality may be a significant contributing factor. The greater the difference in credit scores, the more likely a couple may file for divorce within the first five years.
How a New York City High Asset Attorney Can Help
Each high asset divorce is unique and requires an experienced lawyer to guide you through proceedings. The greater the value and number of assets, the more complex the division of property will be.
At Randi L. Karmel, PLLC, our knowledgeable legal team will employ careful accounting methods to find and evaluate all assets. We will help you protect the assets you had before marriage and ensure there is a fair division of the assets you acquired during the course of your marriage.
Speak with Our High Asset Divorce Attorneys in New York City Today
At Randi L. Karmel, PLLC, our New York City high asset divorce attorneys have a long history of protecting client interests. Our dedicated legal team has the financial savvy and aggressive representation you need by your side.
We will work closely with appraisers and financial experts to determine the best way to protect your best interests. Call Attorney Randi Karmel today. Schedule a consultation with one of our family law attorneys to discuss your unique matrimonial or family law matters by clicking here or calling us at 212-755-0224. We serve clients in the Bronx, Brooklyn, Queens, Manhattan, and Staten Island.