Rochester High Net Worth Divorce Lawyers
Protecting Your Legal Rights in Marital Asset Distribution
Divorce can be an overwhelming process that involves resolving contentious and high-stakes disputes – most notably the division and distribution of marital assets, property, and debts. As an equitable distribution state, New York courts call for a fair and just distribution between divorcing spouses. However, fair distribution does not have to mean 50% each and can become especially complex for high net-worth individuals with a wide range of financial interests. You also may face concerns involving tax liabilities, intellectual property rights, corporate agreements, and long-distance or international custody issues.
At The Glennon Law Firm, P.C., we litigate complex financial assets, including business divorces and litigations, as well as matrimonial law. This interdisciplinary approach gives us a greater understanding of how businesses, professional practices, and other valuable assets are affected in the property division process. Although we cannot provide tax advice, we also understand how taxes and tax bases can affect the actual equitable distribution of assets. Our Rochester high net-worth divorce attorneys have years of experience handling these complicated and often emotionally challenging issues for clients.
Arrange a confidential consultation with our team by calling (585) 294-0303 or contacting us online.
Considerations for Asset Distribution in High Net Worth Families in Divorce
High net-worth divorce cases can be extremely complex due to the number and value of marital assets and liabilities that must be marshalled, valued, and divided according to the law. Also, separate property assets, including assets acquired and business started prior to your marriage, do not have to be distributed to your soon-to-be ex-spouse and should be protected. Completing this process accurately will involve partnering with forensic accountants, business valuation professionals, and other financial experts, as our team traces the data to ensure that you keep what is yours and that you share equitably in the marital assets.
In a high net worth divorce, the property division process may involve uncovering hidden assets, valuating businesses and professional practices, and enforcing rights and duties under both prenuptial and postnuptial agreements. It must include identifying what assets are separate property and not marital property, to ensure that you receive what you deserve. We have built relationships with the relevant experts and can work in concert with them to produce a complete account of all assets for which you should receive value in the equitable distribution. Our team can leverage these findings to make sure your interests are protected and that your financial life after divorce is as stable and sound as it deserves to be.
Assets that should be carefully reviewed in a high net divorce include:
- Multiple real estate holdings
- Professional practices
- Retirement accounts
- Stock and bond portfolios
- Other investments
- Deferred compensation
- Limited partnerships
- Closely held businesses
- Family businesses
- Offshore assets
- Tax obligations
- Art collections
- Future economic interests
Resolving Custody Disputes in a High Net Worth Divorce
Asset, property, and debt distribution tend to take centerstage in a high net-worth divorce, but custody issues can still emerge in scenarios involving minor children. While our main focus is on the complex financial assets and ensure that you receive what you deserve, our firm is also capable of helping you navigate custody issues of any complexity, including those that have become complicated due to relocation problems, international concerns, or private school setting schedules. Satisfactorily resolving custody issues is especially important in a high net-worth divorce, as the terms of custody can often have a significant impact on child support, maintenance, and parenting plan agreements.
Negotiating and Challenging Prenuptial and Postnuptial Agreements in a High Net Worth Divorce
Prenuptial and postnuptial agreements can be especially useful and necessary when entering into a marriage involving high net-worth individuals. We can help you prepare and review these agreements, which should be meticulously drafted and negotiated. Our attorneys are familiar with vulnerabilities that can weaken an agreement’s efficacy and can leverage that knowledge to draft robust, enforceable documents – or to litigate them.
There can be situations in a high net worth divorce where a prenuptial or postnuptial agreement is challenged. We have experience litigating these conflicts and can fight for and protect your interests.
We Can Guide You Through a High Net Divorce
There is too much at stake in a high net worth divorce to consider working out an agreement on your own. The Glennon Law Firm, P.C. is adept at conducting thorough investigations into any and all marital assets to enable us to effectively fight for a fair resolution that will preserve your best interests. We are also ready to help you navigate other areas that can become contentious in a high net worth divorce, including custody disputes, spousal support, and the enforceability of prenuptial and postnuptial agreement. No matter how complicated your situation may seem, we urge you to retain our Rochester high net worth divorce lawyers. We have earned a reputation for proven results in all areas of matrimonial law and will do whatever it takes to achieve a positive outcome in your case.
When you hire us, you get us; our focus, our attention, and our commitment.
If you need legal assistance with a high net worth divorce, do not wait to contact us online or call (585) 294-0303 to schedule an initial consultation.