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Posts Tagged ‘High Net Worth’
5 Mistakes to Avoid in a High Net Worth Divorce
A high-net-worth divorce requires careful attention to the details of your case. For our purposes, let’s assume a high-net-worth divorce involves at least $3 million in assets, not including the value of your home. With millions at stake, even minor missteps can have significant financial repercussions. Here are some common mistakes to avoid to protect…
Read MoreChild Support Considerations for Wealthier Spouses in a Divorce in New York
Wealthier, higher-earning, spouses in New York divorces face unique child support-related challenges. To navigate these waters, you need a thoughtful approach that both safeguards your financial interests and ensures your child’s well-being and stability. Here’s a personalized guide to help you address child support with confidence and empathy. Customizing Child Support Agreements New York’s child…
Read MoreHow Do I Build the Right Divorce Team For My High-Asset Divorce?
Complex financial issues can make an already difficult divorce process even more challenging. For this reason, assembling the right team for your high-asset divorce is one of the most important steps to take early in the divorce process. Having a trusted team of advisers around you will help you to make good decisions during the…
Read MoreDivorcing with Substantial Assets? Consider a Collaborative Approach
So, you find yourself in a divorce, but it is not just any divorce—it involves the substantial assets that you and your spouse have accumulated during your marriage. Your emotions are already high, and the complexities seem overwhelming. As you navigate this challenging terrain, there are crucial steps and considerations to keep in mind. 1.…
Read MoreHigh Net Worth Divorce Alternatives
Divorcing couples who have high-assets – a high net worth divorce – are exposed to considerable risk if they litigate their divorce. Divorce proceedings are part of the public record: that means observers, including the press, are allowed in the courtroom. While you can petition the court to have your divorce filed under the caption of “Anonymous…
Read MoreHaving a High Net Worth Doesn’t Have to Lead to a High Conflict Divorce
A high-net-worth couple going through a divorce can benefit greatly by staying out of court. Couples with considerable assets (which I will define here as more than $5 million) are often lead to believe that their divorce will be a “no holds barred,” brutal, lengthy process with astronomical legal bills and complicated offers and counter-offers. Because…
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