High-Asset Divorce Lawyer New York, NY

Typically, a high asset divorce is any divorce that has one million dollars or more in net liquid assets. A divorce of this nature is often governed by NYC law  with equitable distribution of marital assets. But in today’s financial world, that amount is generally higher. Divorces with high assets can be contentious and complex since there will be a thorough identification, evaluation, and distribution of the couple’s assets. But you can trust that a New York high-assets divorce lawyer will watch out for your best interests as this is happening. In the state of New York, dealing with equitable distribution of marital assets tends to follow these steps: 

1. Identifying the assets
2. Organizing the assets (separate, marital, or both)
3. Assessing the value of marital assets
4. Distributing marital assets between both parties 

Uncovering Hidden Assets

As tempting as it might be to want to hide your assets, this may not be the best approach. The NYC family court system frowns on those who hide assets during the divorce process. What will happen is a discovery, in which your assets will be identified and listed. Whether your assets are under the guise of a business, being held in an offshore account, or under another relative’s name, we are committed to bathering what there is to know so that your assets are properly documented. However, you can trust that we understand the fear and anxiety of having your assets fully brought forward. We can safeguard what you have worked so hard to keep, and continually have your best interests at the forefront of our mind. Not only may you be concerned about your financial welfare, but this can be an emotionally turbulent time too. Our team at the Law Office of Daniel Clement is ready to come to your side during this difficult period. Please do not hesitate to contact a New York high-asset divorce lawyer for immediate protection and guidance.

Unveiling The Truth In Your High Asset Divorce

Going through a high-asset divorce can be emotionally challenging and legally complex, as your trusted New York, NY high-asset divorce lawyer knows. When a spouse is dishonest about financial matters during divorce proceedings, it can further complicate an already intricate process. 

Understanding The Impact Of Lies In High-Asset Divorces

In NYC high-asset divorces, honesty and full financial disclosure are of utmost importance. Accurate financial information is crucial for determining the equitable distribution of assets, spousal support, and child support, if applicable. When a spouse conceals or misrepresents assets, income, or debts, it can have significant consequences on the outcome of the divorce settlement.

Identifying The Deception

The first step in addressing a spouse’s dishonesty is identifying the deception. Your NYC attorney will thoroughly review financial documents, tax returns, bank statements, business records, and any other relevant information to spot discrepancies or irregularities. They will also conduct discovery procedures, which may include depositions, subpoenas, and interrogatories, to gather evidence that reveals the truth.

Uncovering Hidden Assets

In some cases, spouses may attempt to hide assets by transferring them to third parties, creating offshore accounts, or undervaluing assets. Your New York high-asset divorce lawyer will use their expertise to uncover these hidden assets and ensure that they are included in the marital estate for fair distribution.

Demonstrating The Impact

To successfully address your spouse’s dishonesty, your attorney will need to demonstrate how their actions have had a substantial impact on the divorce settlement. This may involve quantifying the value of the concealed assets or income, as well as proving the intent to deceive. Your attorney will build a compelling case that illustrates the adverse effects of your spouse’s lies on the fairness of the divorce outcome.

Negotiation And Litigation

Depending on the circumstances and your spouse’s willingness to cooperate, your attorney will pursue a strategic approach. Negotiation may be attempted to reach a settlement that addresses the dishonesty and its consequences. If negotiations prove unsuccessful, your attorney will be prepared to litigate the matter in court, advocating for your rights and interests before a judge.

Seeking Remedies

When a spouse is found to have lied about financial matters during a high-asset divorce, the court may impose remedies to rectify the situation. These remedies can include adjusting the division of assets, awarding additional support, or holding the deceptive spouse in contempt of court for their actions. Your NYC attorney will advocate for remedies that are fair and just in light of the deception.

Get The Right Legal Help

If you suspect that your spouse has lied about financial matters in your NYC divorce, don’t hesitate to reach out to us for a personalized consultation. We will work diligently to uncover the truth, protect your rights, and help you secure a fair and equitable resolution. 

Don’t let dishonesty undermine your high-asset divorce. Contact the Law Office of Daniel Clement today to schedule a consultation and learn how our experienced legal team can help you address your spouse’s lies and achieve a just resolution. We are committed to providing you with expert guidance and support during this challenging time. Call our New York high-asset divorce lawyer for help now.

7 Legal Strategies For Protecting Assets In A High Asset Divorce

Many people enduring the divorce process may reach out to our New York, NY high-asset divorce lawyer for help in navigating this complicated territory. Our firm can assist with safeguarding your assets through strategic planning and experienced legal guidance. At the Law Office of Daniel Clement, we understand the intricacies involved and are committed to helping clients navigate these challenges effectively. Our team has vast experience in providing tailored legal strategies to protect assets in high asset divorce cases, ensuring our clients’ financial interests are safeguarded throughout the process.

1. Thorough Documentation and Record-Keeping

One of the fundamental strategies for asset protection in NYC high asset divorce is maintaining meticulous documentation and records of all financial transactions and assets. This includes bank statements, investment portfolios, real estate holdings, business interests, and any other relevant financial information. By having comprehensive documentation, we can accurately assess the value of assets and ensure they are fairly accounted for during divorce proceedings.

2. Asset Valuation by Experts

Accurate valuation of assets is crucial in high asset divorces to prevent undervaluation or overvaluation that could unfairly impact asset division. Our team works closely with forensic accountants and other financial experts to assess the true value of assets such as businesses, investments, and real estate properties. This ensures that our clients’ assets are accurately valued and protected during divorce negotiations.

3. Strategic Use of Pre-nuptial Agreements

Pre-nuptial agreements can be valuable tools for asset protection in high asset divorces, outlining how assets will be divided in the event of a divorce. Our experienced lawyers can assist in drafting and negotiating pre-nuptial agreements that clearly outline asset division terms, protecting our clients’ interests and minimizing conflicts during divorce proceedings.

4. Minimizing Tax Implications

Asset division can be significantly impacted in high asset divorces due to the tax implications involved. Our New York high-asset divorce lawyers work diligently to minimize tax liabilities for our clients, employing strategic tax planning strategies that optimize asset division and preserve wealth. By considering tax implications early in the divorce process, we can help our clients retain more of their assets and achieve favorable outcomes.

5. Preservation of Business Interests

For individuals with business interests, protecting these assets is paramount in high asset divorces. Our lawyers have experience with preserving business interests through strategic planning and negotiation. Whether through buyouts, asset division agreements, or other legal strategies, we ensure that our NYC clients’ business interests remain intact and continue to thrive post-divorce.

6. Strategic Negotiation and Mediation

Effective negotiation and mediation can often result in more favorable outcomes in high asset divorces, minimizing conflict and reducing the time and expense of litigation. Our skilled negotiators advocate for our clients’ interests, seeking fair and equitable asset division agreements that prioritize their financial well-being. Through strategic negotiation and mediation, we strive to achieve mutually beneficial resolutions that preserve our clients’ assets and protect their future financial security.

7. Vigorous Asset Protection Litigation

In cases where litigation is necessary to protect our clients’ assets, we provide vigorous representation in court. Our experienced litigators are adept at navigating complex legal proceedings and advocating for our clients’ rights. With a track record of success in high asset divorce litigation, we are committed to securing favorable outcomes for our clients and safeguarding their NYC assets through all legal means necessary.

High-Asset Divorce Infographic

New York High-Asset Divorce FAQs

Will The Separation Process Take Years To Finalize?

If you’re facing separation and feel overwhelmed by the prospect of dividing your high-assets, contact a New York, NY high-asset divorce lawyer.  A myriad of misconceptions surround these types of separations, complicating what is already a challenging time. The duration of a separation process varies greatly. While high-asset separations can be complex, they do not inevitably drag on for years. The timeline depends on the willingness of both parties to negotiate, the complexity of the asset portfolio, and the efficiency of the legal representation. We strive to expedite the process, ensuring a thorough yet timely resolution. 

Is It True That The Wealthier Partner Always Ends Up Financially Supporting The Other?

One of the most widespread beliefs is that the partner with lesser financial means will always be supported by the wealthier one, indefinitely. This isn’t necessarily the case. Support obligations, whether spousal or child support, are determined by a variety of factors, including but not limited to each partner’s income, the length of the marriage, and the standard of living during the marriage. The attorneys at the Law Office of Daniel Clement strive to achieve a fair resolution that considers the well-being of all parties involved.

Do All High-Asset Separations End Up In Court?

Many assume that court battles are inevitable in high-asset cases. However, this isn’t always true. We often explore alternative dispute resolution methods, such as mediation or collaborative law. These approaches can offer a more private, controlled, and potentially amicable resolution process. They allow both parties to have a say in the outcome, which can lead to more satisfactory and tailored agreements. It is important that clients feel that their New York high-asset divorce lawyer will advocate on their behalf, striving for what they rightfully deserve. If your current attorney is not looking out for your best interests, contact a high-asset divorce lawyer you can trust. 

Are Assets Always Split 50/50?

The division of assets does not always follow a simple 50/50 rule. The legal framework in most jurisdictions aims for an equitable distribution, which means fair but not necessarily equal. Factors such as the length of the marriage, the source of the assets, and each partner’s future earning potential are considered. A New York high-asset divorce lawyer will work diligently to ensure that the division is just, taking into account the nuances of each partner’s contributions to the marriage. Our collective experience allows us to handle these matters with the sensitivity and thoroughness they deserve.

Does The Presence Of A Prenuptial Agreement Make The Division Of Assets Easier?

While prenuptial agreements can simplify asset division, they are not an end-all solution. The enforceability of such agreements depends on their fairness at the time of the separation and whether both parties fully understood the terms and voluntarily agreed to them. It’s the job of a skilled attorney to examine these agreements closely, ensuring they meet current legal standards and reflect the present circumstances. Knowledge, experience, and training allow these lawyers to assist their clients with all their legal needs, including navigating prenuptial agreements. 

Will The Separation Process Take Years To Finalize?

The duration of a separation process varies greatly. While high-asset separations can be complex, they do not inevitably drag on for years. The timeline depends on the willingness of both parties to negotiate, the complexity of the asset portfolio, and the efficiency of the legal representation. Efficient lawyers will strive to expedite the process, ensuring a thorough yet timely resolution. They are here to guide you through this period with dignity and a commitment to securing your future. Should you have any questions or require further clarification on your situation, don’t hesitate to reach out. Together, we can work towards a resolution that honors the life you’ve built and the future you envision.

Safeguarding Your Financial Future

At the Law Office of Daniel Clement, we understand the importance of protecting assets in high asset divorces, and we are dedicated to providing legal guidance tailored to our clients’ unique needs. As leading New York high asset divorce lawyers, we have the knowledge, experience, and resources to help clients navigate the complexities of asset division with confidence and peace of mind. If you’re facing a high asset divorce, contact us today to schedule a consultation and learn how we can help protect your financial interests. To initiate the process, contact our team to schedule a consultation today!

Very knowledgeable. Daniel made things much easier in my custody case. He helped me to prepare and with his recommendation we avoided going thru the pain of a trial.
Thanks a lot Daniel!

– Felipe R.