Divorces are always challenging no matter what is at stake. However, when going through a high asset divorce, there are numerous hurdles and complex factors to consider. Hiring a divorce lawyer in New York is highly recommended to ensure your best interests are protected. Going through the process alone would be a big mistake. Here are some of the factors a divorce lawyer in New York will evaluate during the process.
Asset Identification And Valuation
Identifying assets and putting a value on them can take the most time in a high asset divorce. An NYC divorce lawyer will look for things like retirement accounts, real estate, stocks, mutual funds, business interests, tax documents, and much more. Once everything is identified, then putting a valuation on each of them is the next challenge. If the parties don’t agree on a specific valuation, then past value and expected earnings will need to be considered. It’s a time-consuming process, but well worth it when so much money is at stake.
Property Division
Your divorce lawyer in New York needs to know what is considered to be marital property and how it should be divided between each spouse. Property division is typically the most complicated part of a high asset divorce since there often aren’t clear-cut terms. But when you work with an experienced attorney, they will ensure your interests are protected without experiencing any surprises in the future.
High Asset Divorces Are Very Complex
Working with financial experts and legal counsel are essential things to consider for your high asset divorce. One mistake can lead to major consequences that could impact you for the rest of your life. Even the most reasonable divorces can turn sour quickly when such large assets are at stake, so don’t risk your future and work with the best NYC divorce lawyer you can find.
Protect Your Interests With The Best Legal Counsel
Every divorce has unique circumstances, especially when you’re dealing with high asset divorces. The best thing you can do is work with the top law firms in NYC that have helped other clients with similar divorces. Then you can have peace of mind knowing every base is covered and your interests will be protected.
Gordon & Gordon handles some of the biggest and most complex high asset divorces in New York. We have many years of experience and never back down from complicated or high profile cases. If you are going through a high asset divorce and need trustworthy legal counsel, contact us today to schedule a consultation.