High Net Worth Divorces in Nassau County | Here is What You Need to Know
Divorce is complicated, however, if you are a high net worth individual and you believe you will enter into a high net worth divorce, there is a very good chance you are deeply concerned about all you have on the line. Please continue reading and speak with our knowledgeable Nassau County divorce attorney to learn more about these divorces and what we can do for you. Here are some of the questions you may have:
What classifies as a high net worth divorce?
The primary qualification for a high net worth divorce in Nassau County is whether you or your spouse own assets of up to $1 million. If you do, you are in a high net worth divorce, which means, rather obviously, that you have a lot at stake, which is why you simply cannot afford to proceed without the assistance of an experienced Nassau County divorce attorney.
What assets are at stake in a high net worth divorce?
When a couple gets divorced, generally speaking, all marital property will be subject to equitable distribution. Essentially, any property obtained during the course of a marriage is considered marital property. That being said, high net worth individuals generally have far more complex assets than others, meaning that if you are getting a high net worth divorce, you will most likely have to worry about complex stocks, bonds, and other investments, as well as potentially multiple real estate properties, such as vacation homes, and, in some cases, even shared businesses. If you find yourself in this situation, you must retain the services of an experienced Nassau County divorce attorney who can ensure you fully disclose, and fight for, your hard-earned assets.
Is there any way I can protect my assets from a divorce?
Fortunately, you can. To start, if you and your partner are not yet married, you may draft a document known as a prenuptial agreement. This outlines what will happen to certain financial assets in the event of a divorce. If you are already married, however, you may still draft a postnuptial agreement, which essentially serves the same purpose. Finally, if you and your spouse jointly own a business, you may draft a shareholder agreement, which can outline what interests you and your spouse have in the business, should you ever get a divorce. If you have any additional questions about the high net worth divorce process or protecting your assets from one, please do not hesitate to give our seasoned Nassau County firm a call today. We are here to help.
Contact our experienced Nassau County firm
The Pollack Law Firm, P.C., rated Nassau County’s “BEST” divorce lawyers and proudly serving clients in Nassau and Suffolk County for more than 22 years, is always available to assist and represent parties in divorce, separation and all other matrimonial and family law matters. Contact us online or call today to schedule your complimentary case analysis: (516) 342-3575.