Beneath the emotional turmoil that separation causes, divorce can be thought of as a financial transaction similar to the dissolution of a business. You and your spouse are splitting your conjoined assets and debts and going your separate ways.
When you have a high net worth, untangling the financial aspects of the marriage can be more complex. The Law Offices of Paul A. Boronow, PC has handled many of these types of divorce cases. Here are some of the most frequently asked questions we hear about high net divorce:
1. Why are high net divorces considered more difficult?
High net divorces are considered more challenging because they involve complex financial questions centered around significant assets. Due to these complexities, achieving an equitable distribution of assets and liabilities can be more difficult.
2. What issues can my lawyer help address?
An attorney with experience in high net divorce cases can help you address issues like how to divide assets and liabilities (including those connected to a family business or investments), spousal support, and child support and custody.
3. What is the best option in a high net divorce?
As with all divorces, no two high net divorces are the same. Your best option is to work with an attorney who has experience handling high net divorce cases. Your lawyer can help you analyze your specific situation and devise strategies to help you reach your goals.
Contact a Dedicated Long Island Divorce Attorney
If you’re considering divorce and worried about how it will affect your assets, liabilities, and tax burden, don’t wait. Contact the experienced Long Island high net divorce attorneys at The Law Offices of Paul A. Boronow, PC today. We’ve helped many Long Island residents successfully navigate their divorces proceedings. Your initial consultation with our office is completely confidential. You can reach The Law Offices of Paul A. Boronow, PC at (516) 227-5353.