High Net Worth Divorce cases can be complicated and highly emotional. The
proceedings (litigation) or negotiations (mediation) can be exhausting
as both parties wrestle for what they feel they deserve.
As a skilled high net worth divorce attorney/mediator, I tell clients who
have valuable assets that proceeding skillfully and carefully is key.
Every decision must be evaluated both financially and emotionally. Above
all, it is important to protect yourself!
There are some common high net worth divorce mistakes you want to avoid!
1. Don’t Let Emotions Take Over
Divorce is an emotional mess. You will feel angry, sad, guilty, scared,
and those are just a few of the emotions. But you can’t let your
emotions dictate your decisions. When it comes to division of assets,
don’t make decisions based on guilt or anger. Don’t waive
alimony, give away an asset without thought, or fight over a property,
Stay centered, and be guided by professionals, a uniquely skilled divorce
attorney, mediator, and financial experts can support these very important
2. Don’t Hide Assets
This behavior will not serve you well. I know you’ll be tempted—but
don’t do it! This action can easily be exposed, and you will look
guilty to a judge. You could actually face charges and fines for hiding
assets in a divorce.
More important, you can hurt your credibility. This can have a profound
impact on all the other decisions in your case. Your opportunity for negotiations
will be lost!
3. Don't Be Sloppy
You will be asked to detail your assets, investments, liabilities, debts,
etc. Take your time and fill out your Statement of Net Worth thoroughly
and accurately with the input of your experts.
Your assets include bank accounts, partnerships, corporations, homes, other
real estate, investment accounts, retirement accounts, etc. Don’t
leave anything out!
Since asset division is key in a high net worth divorce, you will need
a divorce attorney, like me, skilled with sophisticated asset valuations,
interpretation of shareholder agreements, and the intricacies of dividing
investment portfolios and stock options.
If you have a high net worth divorce which requires smart decision making
to manage complicated details, call me. I will handle your divorce with
an expertise that will ensure you get the best results.
You may already be working with accountants and CFOs for help with your
business matters. But in your divorce, you will need a divorce specialist
to guide you through the complexities of marital asset division, child
custody, spousal support, child support, and strategy.
I can also advise you on the best method for your divorce process whether
it be litigation or divorce mediation.
During the ongoing COVID-19 pandemic all our
FREE CONSULTATIONS are conveniently conducted virtually to reduce risk.
I hope to hear from you!
Stay healthy and safe!
Need a Great High Net Worth Attorney?
Lois Brenner is an experienced, dedicated lawyer specializing in high net
New York divorce attorney Lois Brenner still has some appointments available
Please call to schedule your FREE consultation now. 212.734.1551.