Carton & Rosoff PC-Attorney at Law

Resolving disputes creatively

Real estate mogul divorcing from his wife of 12 years

Many marriages in New York end in divorce each year. The length of the marriage as well as the circumstances of the marriage vary greatly though. Some couples have children while others do not, or the children are adults when the couple divorces. Some own real property and others do not. Some have investment accounts and others do not. Some also own businesses while others do not. Then there are marriages that have a combination of some of the things listed and not others.

Each divorce is going to be unique based on the circumstances of the marriage and some divorces can be more complicated than others. Often times couples with many assets have more complicated divorces though because the divorces involve using many different professionals to simply value the couple's assets.

This may be true for a real estate mogul who recently started a high asset divorce from his wife who happens to be the daughter of another successful real estate mogul. The couple was married in 2007 and they own multiple multi-million-dollar properties. The husband also owns his own business and, for a time, was in business with his wife's family. During the marriage, the husband and his partners were a part of one of the most expensive real estate sales ever and other very expensive transactions. In addition to that, both spouses seem to have many non-marital assets.

This is an example of how complicated a high asset divorce can be and the couple will most likely need to use business appraisers, real estate appraisers, forensic accounts and others to determine the values of all the assets they own. Then after that they will need to divide them, which can be just as complicated.

People in New York live unique lives, have unique marriages and therefore also have unique divorces as well. Each divorce can be complicated, but high asset divorces tend to have complications that many other divorces do not encounter. As these divorces can be very complicated, consulting with an experienced attorney could be beneficial.

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