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High Asset Divorce Archives

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.

How 401(k) accounts are divided in a divorce

Throughout a marriage in New York a couple may acquire many different assets. The longer the couple is married, the more assets they can acquire. The assets can come in many different forms as well. The couple may have multiple properties, have large retirement accounts, investment accounts, vehicles, collectables, businesses and other assets. If the couple divorces, the assets that the couple acquires during the marriage will need to be divided.

Large inheritances can be kept separate in divorces

Throughout people's lives in New York they acquire various assets. Many of these assets come from what they earn through their incomes. So, the more people earn often times it means they will have more assets. These assets are more than just physical items they purchase or real property they buy. Assets also include bank accounts, investment accounts, retirement accounts, businesses and other types of assets.

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.

Getting through the complexities of a high-asset divorce

Every marriage is unique, which means that every divorce is unique as well. Many divorces will deal with similar issues, such as child custody and visitation, child support, alimony and asset division, but the final determination for each issue depends on the circumstances of each divorce. Children have different needs and parents have different schedules, and the main factor that affects the financial aspects of a divorce is the wealth of the couple.

Protecting assets before the marriage with prenuptial agreements

Most people who get married in New York have a separate life prior to the marriage. So, they have obtained different assets and debts, have different jobs, may or may not have children from a previous relationship and many other circumstances. All of these things will certainly shape the marriage, but they are also considered separate for the purposes of marriage and potentially during a divorce as well. However, assets can be comingled and become marital property depending on the actions of the couple.

Tips for high asset divorce

If you're in the midst of a divorce, you might find it to be an emotional, costly and complicated process. Each divorce is unique with its own set of circumstances and difficulties, but high asset divorce has its own set of challenges.

How the issue of spousal maintenance is decided in a divorce

People in New York have different lives from each other. Each person is different and therefore the choices they make will be different. Another aspect that affects the decisions people make is the amount of money they earn. When people have more money they can afford more things than those with less money. These same things are true of marriages as well. Each marriage is different and couples make varying amounts of money. Therefore, the different assets they acquire will vary drastically.

Rudy Giuliani divorce proceedings show lavish spending habits

Most people in New York know who Rudy Giuliani is as he has been a prominent figure especially since he became mayor of New York City. Many people may also know that he is currently going through his third divorce. Mr. Giuliani has earned a lot of money over the years and his lavish lifestyle was shown during a recent hearing. His wife is seeking her fair share of the fortune that he has amassed over the years as well as $63,000 a month in spousal support.

The complexities of dividing stock options in a divorce

People have many different types of jobs in New York. While most people are paid for the work they perform, how they get paid and how much they earn can vary. Some are hourly employees and are paid based on the hours they actually work. Others receive salaries and are paid a certain amount regardless of how many hours they actually work. However, in addition to base pay, people may also receive benefits, bonuses and other forms of extra compensation for their work.

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