This page covers High Net Worth as it applies to divorce and family law in New York. Use this summary as an orientation; the original content below remains unchanged.
Divorces involving individuals with a high net worth are often complicated. With more assets, which are sometimes “hidden” and financial instruments, it can be difficult to come to an agreement about how to divide them.
There are often multiple aspects the consider: businesses owned, retirement accounts, trusts, pensions, inheritance, and more. The issues of child support and maintenance must also be resolved.
These two aspects can be much more complicated in a divorce involving high net worth.
It’s a tragic reality that some high net worth legal battles can be drawn out over a long and difficult divorce. Your attorney should responsibly litigate and avoid unnecessary legal fees.
I believe you shouldn’t lose your assets to your attorney in the process of attempting to get them, or keep them from your spouse.
If you’re facing or planning a divorce involving a significant amount of assets, then contact me. I can ease many of your concerns and give you the facts.
You’ll feel better knowing exactly what the specific consequences and outcomes could be for your complex situation. Don’t let another day go by before you finally take action.
Contact Michael A. Cohen at 516-280-6806 to request a consultation.
Complex asset structures such as businesses, multiple properties, trusts, stock options, and international holdings, which require sophisticated valuation and tax planning.
Valuation may involve income, market, or asset approaches, often with forensic accountants and neutral experts; tax and liquidity impacts are considered.
Protective orders, sealed filings where appropriate, and confidentiality protocols can limit disclosure of sensitive financial information.
