Divorce can leave you with feelings of resentment, regret, guilt, depression, and failure. High net worth divorce is stressful, long, costly, and dramatic since it involves unique or complex financial issues. Hiring the right New York high net worth divorce lawyer can make a huge difference in your divorce case and outcome.
High net worth divorce lawyers have the resources and experience to represent their clients in these cases. They can help you navigate the process and ensure the needs of your children are met. Your lawyer will work with you to protect your interests and achieve your goals. However, you need to hire a skilled and experienced divorce attorney in New York.
At Douglas Family Law Group, we have experienced, skilled, and knowledgeable lawyers who understand the intricate New York laws that apply to high net worth divorce cases. We work hard to protect your children, your assets, and your rights.
Contact us at 914-615-9058 for a consultation with our knowledgeable high net worth divorce attorneys in New York.
What Does a High Net Worth Divorce Lawyer Do?
High net worth divorce attorneys file the paperwork and negotiate a settlement on behalf of their clients. They advise their clients on issues, such as property division, child support, and child custody. And they help their clients protect their assets and get the possible outcome for their cases.
Here is what a high net worth divorce lawyer does.
Protect Your Rights
A good lawyer can help protect your rights. If your spouse hires a skilled and experienced high net worth divorce lawyer, you may end up with a huge child support order. A lawyer has the best interests of their clients at heart. Your lawyer will ensure your rights are protected and ensure you get what you deserve.
Give Sound Advice
It is difficult to make better decisions during the divorce process. If you want to get what is best for you in your divorce, you need to get sound advice from an experienced and knowledgeable lawyer. Your lawyer will ask you questions to know what is best for you. You will get the best advice from your lawyer.
Keep You Calm
It is hard to remain calm during the divorce process. You can lose your temper since you worked hard on your marriage. Losing your marriage can be overwhelming. That is why you might say something that can damage your divorce case. Your lawyer can help keep you calm and ensure you are on your best behavior during the divorce process.
Save You Time and Money
A high net worth divorce is not only difficult. It is also time-consuming and costly. You can easily lose track of deadlines. So, you may pay more money in legal fees. Hiring an experienced high net worth divorce can save you time and money over the long term. Your lawyer can help you handle the proceedings of your divorce case.
File the Paperwork
Do not file the paperwork on your own. Why? You may overlook or even forget some important details. Experienced lawyers, on the other hand, are familiar with handling high net worth divorce cases. They can, therefore, take care of everything in the proper way. They can help protect your assets.
Create an Amicable Child Custody Plan
You are losing your spouse. You do not want to lose custody of your child. Your spouse might even fight tooth and nail for full custody. It is crucial to hire a good lawyer to help you create an amicable child custody plan. Your high net worth lawyer will ensure you and your spouse are happy with the final decision.
Communicate Better with Your Spouse
It is not easy to deal with divorce. You may feel betrayal, sadness, or anger throughout the course of your divorce. It is, therefore, not easy to communicate with your spouse. It is essential to communicate with your spouse during your divorce. Your lawyer will give you advice if you want to communicate with your spouse.
Make Better Decisions
Do not rush to make decisions. You may end up regretting making those decisions. You may be in a rush to finalize your divorce. So, you may give up more than you have to. Your lawyer will review your situation to help you make better decisions. You can trust your attorney to help you make better decisions.
Hiring a high net worth divorce lawyer is one of the best decisions you make during your high net worth divorce proceedings in places like White Plains. A good lawyer has the experience, knowledge, and skills to help you make better decisions and get what you deserve.
How Do I Know I Need a High Net Worth Divorce Lawyer?
A high net worth divorce case is time-consuming, complex, and expensive. You can lose the custody of your children and lose your assets if you do not have a good lawyer. Hiring a high net worth divorce lawyer can save you time and money, protect your rights, protect your assets, and protect your children.
Read on to know if you need a high net worth divorce lawyer.
If you and your spouse have acquired retirement assets, like IRA, 403B, or 401K, during your marriage or before your marriage, then these assets may be shared equally. If these accounts were maintained under the exclusive name of your spouse, you may still have the right to claim a share. Your lawyer will ensure you receive the proper share.
Employees receive stock options as part of their employment compensation. It is, however, very difficult to distribute them in a divorce. Did your spouse receive stock options? If so, then you need a good lawyer to determine the assets that are subject to equitable distribution. Your lawyer will also protect your pre-distribution interests and rights.
Some couples sign prenuptial agreements before their marriages. You will need an experienced lawyer to review your prenuptial agreement. High net worth divorce lawyers are well-versed in New York family law since they regularly handle complex high net worth divorce cases. You can trust your lawyer to get you what you deserve.
If your high net worth divorce case involves the ownership of business assets, then you will need to hire a good high net worth divorce attorney to help determine the value of your business.
For example, if you have a business, then your business may require a formal valuation and report.
Your lawyer can hire actuarial experts and forensic accountants to determine the market value of your business. If you want to sell your business or continue running your business after your divorce, your lawyer can help you reach an agreement with your spouse.
Couples usually invest in real estate properties, such as commercial properties, investment properties, vacation homes, marital homes, and more. If you have real estate properties, then you need a lawyer to help you determine the portion of your real estate property that is subject to equitable distribution. Your lawyer can also help with the valuation of your property.
In some cases, some spouses hide some assets from their spouses. If you suspect your spouse has hidden some from you, you need to hire a high net worth divorce lawyer to help you track down the hidden assets. Your lawyer will help you find hidden assets and determine the value of these assets.
It is hard for spouses to divide their assets and debts during the divorce process. Hiring a good lawyer can help you and your spouse reach a fair agreement regarding your assets and debts. This is because lawyers have several years of experience in negotiating complex financial settlements.
A lawyer can make a big difference in your high net worth divorce case. That is why you need to look for an experienced, knowledgeable, and skilled lawyer.
If you are going through a high net worth divorce in New York, then you need to hire an experienced White Plains, NY high net worth divorce lawyer to guide you throughout the process. At Douglas Family Law Group, we have a team of skilled and knowledgeable high net worth divorce attorneys who are ready to help you get what you deserve.
Contact 914-615-9058 to schedule your consultation today.
What Is at Stake During a High Net Worth Divorce?
If you are facing a high net worth divorce, you need to prepare for what is to come. It is time to know what is at stake during your high net worth divorce. You can lose custody of your children, businesses, assets, investments, etc. A prenuptial agreement cannot protect you from everything.
A prenuptial agreement may only protect your money and physical property during your high net worth divorce. It cannot, however, address the matters related to your children.
It is not easy to deal with the topic of children. You will need to consider so many things, such as parenting time, child support, child custody, health insurance, college savings, and many more. You can lose total access to or custody of your children during your divorce. You should fight for your children.
You probably own multiple items, such as furniture, jewelry, artwork, household furnishings, vehicles, etc. All these items will be at stake during your divorce. You will have to reach an agreement with your spouse. You may need to retain the services of a good lawyer to help you in the division of these assets.
Payments and debts incurred during your marriage will be at stake during your divorce. If you and your spouse had issues with spending money, then you may have payments and debts, such as loans, credit cards, lines of credit, and more.
If you do not want to deal with payments and debts on your own after divorce, then you need to have a good lawyer. Your lawyer can help you divide debt during your divorce.
Finances and Investments
A high net worth divorce is complex because it usually involves finances and investments, such as offshore investments, bonds, stocks, saving accounts, checking accounts, pensions, retirement accounts, etc. If you suspect your spouse is hiding some of these items, forensic experts can get involved.
You and your spouse might have invested in real estate properties, such as rental properties, vacation homes, your home, etc. Therefore, if you own real estate properties, then these properties will be at stake during your divorce. You will need a lawyer to help you value and divide these properties.
A high net worth divorce usually involves ownership interests in one or more businesses. You will, therefore, need to value and divide these businesses. It is wise to hire experts to help you value and divide your businesses. Your business interests will, therefore, be at stake during your high net worth divorce.
It is very important to understand what is at stake during your high net worth divorce. It is advisable to retain the services of an experienced and knowledgeable high net worth divorce lawyer. Your lawyer provides the right support. You can trust your lawyer to get you the best possible outcome in your divorce case.
How Can Douglas Family Law Group Help Me With My High Net-Worth Divorce?
High net worth divorce cases are complex since the stakes are much higher than typical divorce cases. Our team of experienced and knowledgeable high net worth divorce lawyers are committed to protecting your interests and securing the best possible outcome. We will protect your assets.
Here is how we can help you with your high net worth divorce.
Correctly Identify Assets
It is crucial to correctly identify assets in a high net worth divorce case. It is, however, complex to identify these assets. Why? Because it is not easy to identify, value, and liquidate the assets of most high net worth individuals. It is also difficult to place a monetary value on some assets because they have sentimental value.
We want to help you receive your fair share in the divorce settlement. That is why we will take our time to correctly identify assets and accurately value them. If we can correctly identify assets, we can prevent potential disputes that might arise in the future.
Properly Value Assets
It is also very important to properly value the assets that are at stake during your high net worth divorce case. It is, however, not simple to determine the value of these assets. This is because some of these assets may have hidden or fluctuating values. These assets are difficult to appraise.
We will spend more time and even hire experts to help us determine the value of these assets. We will properly value these assets to ensure you receive your fair share. We will not let you make emotionally charged decisions. We will ensure you receive your rightful share.
Help You Avoid Emotionally Charged Decisions
Your spouse will hire a lawyer. You may feel betrayed, humiliated, or ashamed. You may, therefore, rush to make your decisions. Do not make decisions based on emotions. If you make the wrong decisions, you may end up worse off financially over the long term.
We will not let emotions get in the way of you getting a fair settlement. We will take our time to understand your needs and contributions to help you get a fair and equitable settlement. We will take a rational and level-headed approach. We have your best interests at heart. So, we will ensure you get what you rightfully deserve.
Contact Douglas Family Law Group Today
There are so many things you can lose in a high net worth divorce. In addition, many things in a high net worth divorce are out of your control. If you are going through a high net worth divorce, then the stakes for your divorce case are high. It is, therefore, essential to hire the right lawyer.
It takes years and lots of effort to achieve a high net worth. You probably worked very hard to make money and invested your money wisely. Therefore, you do not want to let your divorce take away all of your hard work and efforts. It is in your best interest to hire a good high net worth lawyer to protect your rights and your assets.
At Douglas Family Law Group, we will not let a separation or divorce threaten your assets. We have the financial insights, dispute resolution experience, litigation experience, skills, experience, and business acumen to help resolve complex issues regarding your high net worth divorce case.
Our team of experienced lawyers can help you make better financial decisions. We are ready to help you secure your rights, assets, children, and future.