High Net Worth Divorce Lawyer

High Net Worth Divorce Lawyer in Garden City New York, Serving Nassau County, Suffolk County, and Manhattan

When couples with substantial assets divorce, the stakes are incredibly high. High net worth divorces involve complex legal issues and matters of finance such as property, investments, debt, including credit card debt, insurance policies, and bank accounts. Consequently, emotions can overtake logic, leading to decision-making based on anger, guilt, or resentment, instead of objectivity — and the more assets you and your spouse share, the more complicated the divorce becomes.

At Hedayati Law Group, we fight for you with over 150 years of combined, unmatched experience, providing zealous advocacy in high net worth divorce cases encompassing  property division, valuation of assets, alimony, child custody and child support in Nassau County, Suffolk County, and Manhattan. Let our background in banking and finance give you a competitive advantage. Contact us at (516) 334-4100(516) 334-4100 to schedule a complimentary consultation.

Key Takeaways About High Net Worth Divorce Cases in New York

• High net worth divorce involves complex financial assets requiring extensive legal experience.
• The state’s equitable distribution laws govern asset division in high net worth divorces.
• Tax implications play a crucial role in high net worth divorce settlements
• Attorneys employ various strategies to protect client privacy in high net worth divorces.
• Selecting the right lawyer is crucial for navigating complex financial matters in divorce. A law firm with a background in banking and finance offers a competitive advantage in these cases.

Understanding High Net Worth Divorce

High net worth divorces involve substantial assets, complex financial portfolios, and intricate legal considerations. Divorcing couples face unique challenges, including the preservation of business interests, tax implications, and the equitable division of diverse asset portfolios. Depending on the specific circumstance, this type of divorce can include:

• Valuable real estate holdings
• Business interests
• Investment portfolios
• Retirement accounts
• Significant personal property

Furthermore, if a prenuptial agreement exists, it often influences the divorce process by dictating the manner of asset division and the determination of alimony. However, even with a prenuptial agreement, a high net worth divorce could still require lengthy negotiations and involve disputes over property valuation and distribution.

Attorneys representing clients in high net worth divorces must possess a profound understanding of finance and the legal complexities of asset division. At Hedayati Law Group, our trustworthy counselors walk you through every step of a high net worth divorce, offering honest, competent, and experienced legal advice and representation. We work diligently to protect your interests while striving for an equitable settlement.

Division of Complex Financial Assets

New York follows equitable distribution laws rather than community property principles when dividing marital assets — meaning the court seeks to divide property fairly, but not necessarily equally. In high net worth divorces, determining what constitutes separate property versus marital property is vital.

At Hedayati Law Group, our background in banking and finance gives you a competitive advantage in valuing businesses, uncovering hidden assets, and determining the true net worth of each spouse. Child custody arrangements can also impact financial settlements, as the court considers the children’s standard of living when making decisions.

The attorneys at Hedayati Law Group consider all relevant factors as we pursue a fair resolution. To that end, we:

• Identify and value all marital assets
• Determine separate property
• Analyze tax implications of asset division
• Consider business valuation and ownership interests
• Assess impact of child custody arrangements on financial settlements

Legal Considerations for High Net Worth Divorce

A law firm representing a high net worth client must handle complex financial matters, including the valuation of investments, real estate, and business interests while considering the enforceability of a prenuptial agreement or a postnuptial agreement.

Contractual matters must be addressed, such as shareholder agreements, partnership contracts, and trust documents. Courts scrutinize these contracts to determine their validity and impact on asset distribution. Skilled attorneys work to protect their clients’ interests by ensuring all relevant financial documents are properly analyzed and presented to the court.

Tax implications play a crucial role in high net worth divorces, affecting both asset division and spousal support determinations. A knowledgeable law firm helps clients understand the tax consequences of various settlement options, including the transfer of investment portfolios and real estate holdings. Attorneys also advise on strategies to minimize tax liabilities while pursuing a fair and equitable resolution for their clients.

Property Division in High Net Worth Divorce in New York

New York’s equitable distribution laws govern property division in high net worth divorces on Long Island and throughout the state. Courts consider various factors when dividing assets, including the duration of the marriage, each spouse’s financial contributions, and future financial prospects. Debt acquired during the marriage also falls under equitable distribution principles.

All divorce cases include some concerns and points of contention, such as child support, spousal maintenance, and visitation agreements. However, a high-net-worth divorce becomes a unique legal issue once we consider property distribution and debt division.

With a high-net-worth divorce’s greatly increased value of properties, larger tax considerations, and complexity of uncommon assets, using New York State’s equitable distribution requirements becomes considerably more intricate and delicate than divorces concerning an estate of lesser value. If you retain the services of an inexperienced divorce attorney, you could be risking significant portions of your prized valuables and pieces of your personal history.

When you work with our Long Island lawyers, we can review your assets, including:

• Life savings accounts
• Offshore bank accounts
• Privatized stock options
• 401(k) plans and work pensions
• Investments in business or real estate
• Family businesses or professional practices
• Professional licenses or degrees that increase earning potential

High net worth couples often possess complex asset portfolios, including real estate holdings, business interests, and investment accounts. Attorneys experienced in high net worth divorces work diligently to identify, value, and distribute these assets fairly. They may utilize financial experts and forensic accountants to uncover hidden assets or determine accurate valuations.

Inheritance and separate property can complicate property division in high net worth divorces. Skilled lawyers help clients protect their separate assets while negotiating fair distributions of marital property. Mediation offers an alternative to litigation, allowing couples to reach mutually agreeable settlements outside of court. The following table outlines key aspects of property division in high net worth divorces.

 

Asset Type	Considerations	Potential Challenges
Real Estate	Multiple properties, vacation homes	Valuation, tax implications
Business Interests	Ownership stakes, future earnings	Accurate valuation, buyout options
Investments	Stocks, bonds, retirement accounts	Market fluctuations, tax consequences
Inheritance	Separate vs. marital property	Commingling of assets

Alimony and Spousal Support in High Net Worth Divorce

High net worth divorces in Manhattan and surrounding areas often involve complex alimony and spousal support calculations. Courts consider various factors when determining support, including each spouse’s income, earning capacity, and standard of living during the marriage. Skilled attorneys work to ensure accurate income valuation, particularly when dealing with business owners or executives with complex compensation structures.

Spousal support in high net worth cases may involve substantial amounts, requiring careful consideration of tax implications. The tax treatment of alimony payments changed with the 2017 Tax Cuts and Jobs Act, affecting both payers and recipients. Attorneys must navigate these changes to develop optimal support arrangements for their clients.

Negotiating spousal support in high net worth divorces often involves exploring various options to meet both parties’ needs. These may include lump-sum payments, property transfers, or structured settlements. Attorneys consider the following factors when developing spousal support strategies:

• Duration of the marriage
• Each spouse’s financial resources and future earning potential
• Age and health of both parties
• Contributions to the marriage, including homemaking and child-rearing
• Tax consequences of different support arrangements
• Impact of support on property division

Child Custody and Support in High Net Worth Divorce

High net worth divorces often involve complex child custody and child support arrangements, requiring attorneys with extensive knowledge of both family law and finance. These cases demand a thorough understanding of how substantial assets, including stocks and business interests, impact child support calculations and custody decisions.

Our attorneys utilize their skills in business valuation to reach accurate income assessments for child support purposes, helping to establish fair and appropriate support arrangements for parents who own businesses or have complex compensation structures.

An attorney’s communication skills become essential as parents seek to maintain their children’s standard of living while balancing their own financial interests. Hedayati Law Group works diligently to craft custody agreements that address the unique needs of affluent families, considering factors such as private education, travel, and extracurricular activities.

Tax Implications of High Net Worth Divorce

A divorce between high net worth individuals often comes with complex tax implications that require careful consideration during the settlement process. Our attorneys draw upon a profound knowledge of tax laws to protect our clients’ financial interests and prevent potential equity issues. This ability becomes particularly crucial when dealing with business valuations and the division of substantial assets.

In the event of a trial or lawsuit, tax considerations can significantly impact the resolution of a case. Our lawyers structure settlements that minimize tax liabilities for our clients with the goal of pursuing a fair distribution of assets. We can also advise you about the potential tax consequences associated with the transfer of business interests or other valuable properties.

Attorneys must remain vigilant against any form of coercion or attempts to manipulate financial information for tax purposes during high net worth divorce proceedings. By thoroughly examining all financial documents and consulting with tax experts, we help our clients make informed decisions about asset division and support arrangements. This approach complies with tax laws and protects our clients’ long-term financial well-being.

Protecting Privacy During High Net Worth Divorce

High net worth individuals facing divorce often prioritize privacy to protect their personal and financial information from public scrutiny. Hedayati Law Group employs various strategies to safeguard our clients’ confidentiality, including filing for legal separation instead of divorce when appropriate. This approach can help maintain privacy while addressing critical issues such as child support and ownership of assets.

Our seasoned lawyers negotiate settlements outside of court, reducing the risk of sensitive information becoming part of the public record. When litigation becomes necessary, we may request that judges seal court records or use pseudonyms to protect our clients’ identities.

Protecting privacy extends beyond legal proceedings to include financial and personal matters. We advise our clients about maintaining discretion in their personal lives and managing digital footprints during divorce proceedings and work with financial experts to structure settlements that minimize public disclosure of assets and income.

 

Strategy	Description	Benefits
Alternative Dispute Resolution	Mediation or collaborative divorce	Confidential negotiations, reduced public exposure
Sealed Court Records	Request court to seal sensitive documents	Protect financial and personal information
Use of Pseudonyms	File cases under assumed names	Maintain anonymity in public records
Private Judges	Utilize retired judges for private hearings	Confidential proceedings, flexible scheduling

Choosing the Right High Net Worth Divorce Attorney

Selecting the right attorney requires careful consideration of their competency in complex financial matters, including 401(k) plans and estate planning. A skilled attorney will protect their client’s rights throughout the divorce process and seek fair asset division and appropriate support arrangements.

Your attorney should have extensive experience handling high net worth divorces in Nassau County, Suffolk County, and New York City. Their familiarity with local courts and judges can prove invaluable in navigating the complexities of these cases, particularly when dealing with substantial assets and intricate financial portfolios.

Our team at Hedayati Law Group, P.C. has extensive experience in handling complex property division and asset protection in Suffolk County, Nassau County, and New York City. We understand the intricate financial details involved in high-asset divorces and can provide strategic counsel to safeguard your wealth and assets.

When you work with us, you can expect:

• Thorough analysis of marital assets and liabilities
• Negotiation and drafting of prenuptial and postnuptial agreements
• Valuation of business interests, real estate, investments, and other assets
• Representation in court for asset distribution and spousal support
• Division of retirement accounts, stock options, and other complex financial assets

Contact Hedayati Law Group for a complimentary consultation at (516) 334-4100. Knowing that good communication involves listening, during this meeting, we invite you to share the details of your unique circumstances and your concerns and goals. We will listen with compassion and offer a strategic approach to protecting your financial interests and any children involved.

Tips When Divorcing with Large Assets

Our Long Island lawyers are always here to put your back on the right track and to provide you with honest, real solutions. We can be your voice of reason during these tumultuous times. When facing a high net worth divorce, we recommend the following:

• Be honest and disclose everything. Never hide assets or transfer properties under a third party’s name. These actions will likely be uncovered and you may end up being accused of fraud, which eventually ruins your credibility with the court.
• Don’t waste time or money fighting over everything. You could end up wasting valuable time and money if you and your spouse fight over every single item or asset. Instead, be reasonable and try to work things out whenever possible through negotiation or mediation.
• Consult a knowledgeable and experienced legal team. Even though you may feel a sense of urgency to end the divorce as quickly as possible, hastily agreeing to alimony or questionable asset division terms may end up jeopardizing your interests in the end. Always consult an attorney to discuss whether the terms benefit you.
• Choose the right attorney. Hiring an extremely aggressive and tough attorney is not necessarily right for every situation. Instead, seek an attorney with your best interests in mind – not just one concerned about extending your billable hours by prolonging a case in court.

Hedayati Law Group Case Studies and Testimonials

Hedayati Law Group has successfully handled numerous high net worth divorce cases in Suffolk County, Nassau County and New York City. Our experience in family law has helped clients navigate complex financial matters, including the division of substantial assets and business interests.

A recent case involved a Brooklyn-based entrepreneur with significant credit card debt, requiring careful negotiation to protect the client’s financial interests while seeking a fair settlement.

Our firm’s attorneys have demonstrated their competency in addressing sensitive issues such as domestic violence in high net worth divorces. In one notable case, we secured a favorable resolution for a client facing financial and personal challenges, upholding their safety and protecting their assets. Hedayati Law Group has also successfully represented clients with substantial estates, helping them preserve their wealth and maintain their standard of living post-divorce. For example, in another case, our thorough approach to asset valuation and division led to a client retaining ownership of a valuable family business.

Some testimonials from our satisfied clients include:

“Problem solvers! If you want to get treated right and with respect this is the law firm to go to. The staff is super friendly, professional, and has prompt communication. With proper step-by-step guidance I was able to go through my divorce disputed matter. I was stuck badly with my first attempt of divorce. I consulted Hedayati Law Group and totally recommend them to anyone who wants REAL HELP with their case. Thanks Al, Michele, Atoosa, Susan.”

“Excellent law practice. Fantastic, can’t praise enough…they value and care about the client and make you feel listened to. Easily approachable, courteous, respectful and attentive staff. On top of their business. Big shout out to Michele and Al. They are just absolutely fabulous attorneys to work with.”

“Hedayati group of lawyers are well experienced professionals and I’ve had a chance to work with multiple attorneys on my case. Lots of preparation and hard work from the team and a job well done! Kudos to Michele for her support and for dealing with my calls and texts 24/7!”

Hedayati Law Group Offers Solutions as Unique as You Are in High Net Worth Divorce Cases

Are you seeking representation in high net worth divorce in New York City or Long Island? Let Hedayati Law Group leverage our background in banking and finance to pursue your best interests and walk you through every step. With 150 years of combined, unmatched experience, our passionate, caring, and dedicated attorneys are ready to offer legal advice tailored to your specific circumstances.

Contact us at (516) 334-4100(516) 334-4100 or complete our online form to schedule a complimentary consultation.

Hedayati Law Group, P.C. ~ We Fight for You with over 150 Years of Combined, Unmatched Experience