High-asset divorce cases require careful planning because substantial wealth can involve complicated ownership and income issues. Assets may include businesses, investments, real estate, trusts, retirement accounts, and valuable personal property.  New York uses equitable distribution rather than an automatic 50/50 division of marital property. Courts consider statutory factors when deciding how property should be distributed. […]

Hidden assets in divorce can affect property division, support, and settlement decisions. Missing accounts, unexplained transfers, and inconsistent income can change the financial picture. New York requires financial disclosure in applicable matrimonial proceedings.  New York Courts describe a Statement of Net Worth as listing income, expenses, assets, property, and debts. Reviewing those records can reveal […]