Facing pressure and criticism from friends and family when going through a high-asset divorce can be incredibly challenging. It is important to remember that this is your life and your decision, and ultimately, you are the one who knows what is best for you. It is...
New York High-Stakes Family Law Blog
Preparing for divorce as a business owner with a high net worth
Going through a divorce can be very tough, especially if you own a business with a lot of assets. If you have a high net worth, you should realize that failing to approach the divorce process from the right angle can lead to serious financial repercussions. As a...
Is your spouse misusing social media during your divorce?
Social media is an integral part of daily life, often blurring the lines between personal and public matters. However, when going through a divorce, social media can complicate matters further, especially if one spouse misuses it. Fortunately, there are positive...
Professional license suspension due to unpaid child support
Unpaid child support is a serious issue that can have significant consequences for both the parent who owes support and the child who is not receiving it. Falling behind on these obligations can lead to additional financial problems that make it harder to stay...
High-asset divorce and calculating spousal support
In a high-asset divorce, significant wealth and valuable assets are at stake. This can result in additional pressures for each party. For example, calculating spousal support can be a complex process. Those approaching divorce with a high net worth should understand...
When do mothers have to pay child support in New York?
As society continues to make strides toward gender equality, many women have seen their earning capacity increase. In fact, a 2023 Pew Research Center study discovered that in 45% of marriages, women earn as much or more than their husbands. This change also impacts...
How long will I have to pay spousal support?
In New York, spousal support is often a significant aspect of divorce proceedings. When a marriage dissolves, one spouse may need to provide financial support to the other. The duration of spousal support payments can vary based on several factors. Length of marriage...
Navigating investment portfolios in a high-asset divorce
Divorce is a significant life event that brings about various changes, especially when it involves substantial assets. One aspect that requires careful consideration is the impact on investment portfolios. In New York, where high-asset divorces are not uncommon,...
4 ways to minimize the financial impact of spousal maintenance
Divorce comes with a host of challenges. For many, the potential for providing spousal maintenance is a concern. While it is in the best interest to ensure both parties receive a fair and equitable settlement, there are ways to lessen the long-term financial impact of...
4 ways to minimize tax implications in a high-asset divorce
Divorce is never an easy process. When it involves high assets, navigating the financial terrain can be even more challenging. In New York, where complex financial landscapes abound, it is important to strategize ways to minimize tax implications during a high-asset...