Dividing Assets in Your New York Divorce
Equitable distribution of assets in a high-net-worth divorce requires thorough investigation and careful analysis of all assets, including assets that often remain hidden without close inspection:
- Off-shore accounts
- Business investments
- Stocks, bonds and mutual funds
- Family trusts
- Multiple corporate entities
Are the Investments Marital Property or Separate Property?
Questions often arise as to the nature of investments: Are they marital or separate? Were they accounted for in a prenuptial agreement? Have all holdings been accounted for? Even if separate am I or is my spouse entitled to a share of the appreciate value? Answers to such questions sometimes require a careful look at how the investments were managed during the marriage, even if they existed as non-marital property, acquired by one spouse or the other before the marriage. Were commingled funds used to enhance the investment? Who managed the investments in general?
Some Investments are Hard to Find
In our careers as divorce lawyers, we have often found that with high-net-worth divorcesthere are more likely to be exotic, difficult-to-trace investment accounts or other holdings owned by one or both spouses. We urge clients whose spouses may be harboring hidden assets to seek out a highly experienced divorce law attorney.
Our Family Law Attorneys Can Handle Complex Cases
At McCormack & Phillips, clients are reassured of our ability to handle complex financial portfolios in a New York divorce because of our depth of knowledge and experience. We stay up to date and keenly aware of complexities, such as the challenges of discovering all investments before finalizing an equitable distribution agreement. Our attorneys are actively involved in organizations such as the American Academy of Matrimonial Lawyers, the New York State Bar Association (family law section), the Rockland County Bar Association, the American Trial Lawyers Association, the New York State Trial Lawyers Association, and various local bar associations.
Call or E-mail to Schedule a Consultation
Contact a well-respected New York family law attorney at the Nyack offices of McCormack & Phillips, Attorneys at Law, in Rockland County. Other lawyers often refer potential clients to our law firm, confident in our ability to handle challenging issues such as discovery of all investment accounts.