Westchester County High Net Worth Divorce Attorney
Any divorce is difficult and complicated, but if you own considerable property and assets, divorce can be frightening. Property division, spousal support, and child support can put what is yours genuinely at risk. If you are divorcing or anticipating a divorce in the state of New York, and you are a high net worth individual, speak immediately with an experienced Westchester County high net worth separation lawyer who can help you hold onto your properties, businesses, and other assets. Kimberly Pelesz New York Law, LLC represents high net worth clients in divorce proceedings in Westchester, Dutchess, Putnam, Orange, and Rockland counties.
EQUITABLE DIVISION OF ASSETS
The state of New York is known as an equitable division state, which means during a divorce, each spouse is able to retain the income that he or she earned while married, as well as any property that is in his or her name only. However, it is ultimately up to the judge to decide how to divide the assets and the outcome is not always considered equal by the spouses involved, especially in high net worth divorces. This is why it’s essential that you contact an experienced Westchester County high net worth divorce attorney as soon as possible.
The judge will come to a decision based on both spouse’s income, properties owned, age and health, who has custody over the child, alimony payments, and the future financial needs of each spouse. The biggest issue in high net worth divorce cases is determining what property is marital and what is separate. To identify what property is separate, the spouse must show prove that the item is not marital property.
Many high net worth divorce cases involve a prenuptial or postnuptial agreement that details exactly how the assets will be divided between spouses in the event of a divorce. Although these documents are usually enforced without any issue, sometimes, one spouse can argue that the document should be voided because it was coerced or for other reasons.
Although prenuptial or postnuptial agreements are common in high net worth divorces, they do not always exist. If there is no agreement, spouses and their attorneys will attempt to come to an agreement on how the assets should be divided. If both parties cannot agree, the case will go before a judge who will have the final say on the division of the assets.
Many high net worth couples also argue over who gets the marital home after a divorce. The spouses may agree to sell the home and split the proceeds of the sale, or one spouse may be awarded the home, while the other is awarded assets of equal or comparable value. The ultimate decision is up to the judge.
Although New York is an equitable division state, that does not mean that the assets will be divided equally in terms of financial value. In the eyes of the law, equitably really means fairly, not equally. The judge will divide the assets in a way that he believes to be fair to both parties, even if the outcome does not mean that each spouse receives an equal amount of assets. In a high net worth divorce, the difference between equal and fair could be a huge amount of money. If you are going through a high net worth divorce in Westchester, Dutchess, Putnam, Orange, or Rockland County, or if you are anticipating a divorce, obtain the legal advice and services you need at once by contacting an experienced Westchester County high net worth divorce lawyer.
The higher the value of the assets involved, the more complicated a division of the assets can become. This is especially true if the divorcing spouses are not on the best of terms and no prenuptial or postnuptial agreement is present. In these situations, the divorce can turn ugly fast. One spouse can aggressively go after high value assets even if he or she does not deserve them. Although it is recommended that asset division be settled through mediation, it is not always possible, especially with a high net worth divorce. If you are going through a divorce, speak to an experienced Westchester County high net worth divorce as soon as possible. Working with a knowledgeable attorney will help you protect what rightfully belongs to you and ensure that equitable division comes as close to an equal division as possible.
WE INVESTIGATE AND VERIFY
Divorce cases involving high net worth individuals require comprehensive investigation and verification. Kimberly Pelesz New York Law, LLC aggressively fights for our high net worth divorce clients in cases involving large estates, successful businesses, multiple properties, and other substantial assets; we help you protect stocks, bonds, retirement accounts, inheritances, and real estate. Let an experienced Westchester County high net worth separation lawyer assist you with the asset and property division aspect of your divorce; we will use every legal tool at our disposal to help you retain the properties and assets that are genuinely yours. If you believe that your spouse has undisclosed or undervalued assets, we can investigate those assets on your behalf. We work to achieve a division of property and assets that is fair, just, equitable, and acceptable.
WE HELP YOU FACE THE FUTURE
Whether you need immediate legal advice and representation from an experienced Peekskill divorce attorney or simply need guidance for the future, we are available to offer an assessment of your situation, to discuss your legal options, and to help you make the right decisions for yourself, your family, and your future. Contact Kimberly Pelesz New York Law, LLC at once for a free initial consultation if you are a high net worth individual seeking, involved in, or anticipating a divorce in New York. With offices in Peekskill and Poughkeepsie, we serve clients in Beacon, Fishkill, Wappingers Falls, Newburgh, Tarrytown, Greenburgh, Westchester County, Dutchess County, Putnam County, Orange County, and Rockland County. To learn more about how an experienced Westchester County high net worth separation lawyer can help you, email us or call us promptly at (914) 402-4541.