Topics To Consider In A High Net Worth Divorce

Divorce is never easy, but high net worth couples often face a more difficult process. Many high net worth couples have assets tied into several accounts, businesses and properties. After over three decades in family law, I have guided a number of couples through complex, yet amicable divorces. In my experience, I found that it is important to consider the following four topics when facing a high net worth divorce.

Three Concerns For A Complex Divorce

1. Family businesses

Divorcing business owners face several hurdles on the path of separation. New York is an equitable distribution state, meaning that business assets can be subject to equal division in divorce, even if one party is the sole business owner. You may require a professional business valuation and an experienced family law attorney.

2. Retirement assets

Retirement assets are a top consideration for many high net worth couples. The worth of a retirement account can offer more than just the upfront dollar amount. They appreciate over time, and therefore can be even more important than the family home or savings account. It is essential to evaluate all retirement assets, including 401(k) accounts, IRAs, stocks and pensions. You may need a DRO (Domestic Relations Order) or QDRO (Qualified Domestic Relations Order) to divide retirement assets. At Fulop Law, I will work with an actuary to help you attain the order. There are several options for retirement asset division. I am experienced in negotiation to help protect your best interests.

3. Spousal support

According to the New York state guidelines, spousal support may be provided after divorce when one spouse earns more than the other. It is important to have an experienced attorney advocate on your behalf to attain a fair payment.

Schedule An Appointment Today With An Experienced Family Law Attorney

I have spent the past 35 years building experience as a divorce attorney, parenting coordinator, mediator and collaborative lawyer. I can help you work through your complex divorce with compassion and knowledge. Schedule an appointment today to get started. Call Fulop Law in White Plains, New York, at 914-948-0945 or you can fill out our online contact form.