These days, cryptocurrency is a factor in many high net-worth divorce settlements. The value of cryptocurrency is going up and more people are learning about how it works. Over 20 million people in the US may own cryptocurrency according to industry group estimates....
High Net-Worth Divorce
Protecting real estate investments during a divorce
During divorce, many New Yorkers worry about how they will protect their real estate investments. Fortunately, there are some things that they can do in order to ensure that all of their assets are dealt with in a fair manner. Here are some ways that individuals can...
Protecting a real estate portfolio in divorce
Although getting a divorce is not uncommon today, it is especially stressful and complex for those who are dealing with a high-net-worth and a real estate portfolio. If you are living in New York, knowing how you protect your real estate portfolio throughout your...
How to protect your foreign assets during divorce
Wealthy families often concentrate on inheritance or estate taxes, but divorce is now becoming a significant threat to the preservation of family funds. Affluent families may also face the challenge of accurately distributing funds to family members or assets in...
Property division in gray divorces
For older spouses in New York and throughout the US who want to get divorced, ending a marriage can look very different than it would for young couples. Older couples usually have adult children who are no longer living with them, so they don't have to worry about...
Locating cryptocurrency assets in a divorce
There's no doubt that going through a divorce in New York can be one of the most difficult things a person can go through. Not only is this an emotional time for everyone involved, but other issues can arise from the process. One of the newer obstacles plaguing...
Dealing with a private business in a divorce
When getting into marriage, every spouse does so hoping that the relationship will last till death. Despite the special bond built in the marriage, the couples may find it right that they get a divorce. New York has some of the highest rates of divorce in the country....
How to protect your investments when going through a divorce
Financial stress is one of the main reasons people divorce in the United States. That's no surprise as a recent report indicated that 13% of divorcees who had student loans blamed the debt associated with them on their failed marriages. Divorcees in New York probably...
How to deal with a joint bank account during divorce
As New York couples go through the divorce process, they will be negotiating the division of assets and liabilities. One of the marital assets they might hold is a joint bank account. With this type of account, couples have several options available to them, depending...
Divorce may trigger 401(k) distributions
The assets acquired during a marriage mostly are the equal property of both spouses. This is true of 401(k) retirement accounts even when only one spouse works. New York is a marital law state that requires an equitable distribution of financial and real property...