Carton & Rosoff PC-Attorney at Law

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High profile New York divorce case officially ends

Many people may have been aware that the President's son, Donald Trump, Jr., has recently been going through a divorce from his wife of 13 years. According to recent reports, the case is now complete and the couple is officially divorced. The details of the settlement are unknown, as the case was sealed. However, the couple did state that they will be raising their five children together. While the financial details of the divorce are unknown, they must have taken time dividing their many assets.

Trump Jr. and his wife likely had to go through the process of making determinations regarding child custody, child support, asset division, spousal maintenance and other issues associated with a divorce, just like other couples going through a divorce. While the couple may have had disagreements about who will have custody of their five children and determining a visitation schedule, this couple probably had added complications that many couples do not have due to the large amount of assets they own.

People who go through high asset divorces tend to have an extra amount of complication because when people have many assets there is more to divide. In addition, the assets can come in many different forms. This means that couples may need to have property appraisers determine the value of the various properties they own, they may need to have businesses appraised, value collectables, they may have retirement accounts, investment accounts and other assets.

People in New York who are going through high asset divorces understand how complicated they can be and how much time they can take. Simply valuing the assets can be difficult and then, after the values are known, the parties may have additional difficulties determining who actually will get the various assts.

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