Respected White Plains Attorney Handles High Net Worth Divorce Cases
Westchester County family law firm advises on complex property division issues
Any divorce can lead to financial complications, but dissolving a marriage is especially challenging for high net worth individuals. When a couple has extensive assets, the issues involved in determining who gets what are often extremely difficult and complex to negotiate. At the law firm of Martin J. Rosen, P.C. in White Plains, you can rely on an attorney who has over 50 years of family law experience, and is skilled at helping wealthy clients protect their assets and achieve satisfactory resolutions when it comes to property division, maintenance and child support matters.
What defines a high net worth divorce?
In general terms, a high-asset divorce is one in which the couple involved has extensive cash holdings, properties and/or investments worth millions of dollars or more. Regardless of how one financial institution or another might define this status, cases involving extensive assets are prone to disputes over valuation and allocation. Martin J. Rosen will give your divorce the attention it deserves in an effort to secure the most financially advantageous outcome possible.
What are the special challenges in a high net worth divorce?
High net worth spouses may have overseas investments, ownerships in multiple businesses, stock options, executive bonus plans and other financial interests that aren’t easily quantified or divided. Assets in a divorce must be identified, valued and potentially liquidated or transferred between spouses. Handling these tasks might require extensive time and effort. Prenuptial agreements may be in place that affect the parties’ rights to specific assets. When asset division is left to the court, a judge must determine what property is subject to distribution between spouses and what is separate property designated for one individual or the other. Attorney Martin J. Rosen will work painstakingly to demonstrate what should be classified as separate property versus shared property and can bring in business professionals, tax experts, accountants and other experts as needed to provide evidence to the court.
How are spousal support and child support determined in high-asset divorce cases?
As in all divorces that go to trial, judges can look at the length of the marriage, income of each spouse, the parties’ contributions to the marriage, differences in future earning potential and other factors in determining spousal support, i.e., maintenance. High net worth divorce cases exceed the income threshold guidelines that are often used in spousal support determinations, so judges might also take into account other factors. The same is true for child support matters, where the ability to maintain a child’s current lifestyle and meet their future needs must be considered. Attorney Martin J. Rosen will outline the potentially relevant factors and work diligently for fair spousal support and child support terms.
Contact this reputable and experienced White Plains attorney for assistance with your high net worth divorce
Martin J. Rosen, P.C. in White Plains provides comprehensive counsel for New York clients who are going through a high net worth divorce. To schedule a consultation, call 914-761-6300 or contact the firm online.