Helping High-Asset Spouses In NYC With The Divorce Process
Divorce can take its toll on any couple; however, untangling their marriage can come with additional complications when couples have substantial wealth. When managing these complex assets, spouses need legal counsel that understands the intricacies of these assets and can facilitate a workable negotiation and division between spouses.
At Fersch LLC, we can help spouses with complex assets confidently handle their divorce and promote their goals and desires.
What Makes High-Asset Divorces More Complex?
High-asset divorces can become more complicated because of the amount and type of assets spouses own. Those assets can consist of the following:
- Retirement accounts like Roth IRAs
- Lucrative stock investments
- Vacation homes/other real estate investments
- Stock options
- Deferred compensation packages
- Family businesses
- Trust funds
- Luxury collectibles/heirlooms
- Luxury vehicles and watercrafts
Determining how to divide each item takes an attentive and skilled legal team that understands the complexities and tax implications of handling and splitting these assets.
When One Spouse Decides To Hide Assets
During their divorce, some may find their spouse hiding assets in a trust or another state or country. If you suspect your spouse is hiding assets, our lawyers can investigate to discover where spouses may be hiding them. We can find evidence of them hiding assets by reviewing their:
- Tax records
- Bank account statements
- Business records
- Mortgage/loan applications
Spouses found to be hiding assets could face repercussions during the divorce process, as the judge may use that as a basis for awarding a greater share to the other spouse.
Work With Attorneys Who Handle High-Asset Divorces
Spouses with substantial and complex assets can face additional challenges during their divorce. Both may have worked hard to accumulate what they have today and may fear what could happen to those assets after a divorce.