High Net Worth Divorce: Assets Considered for Distribution
A business owned by one spouse before the marriage may, in part, be subject to equitable distribution during a divorce. Different factors may affect a judge’s
decision about which spouse should retain what percentage of the business. Asset division is an intricate matter that should only be dealt with by a highly specialized divorce attorney with prior experience in business matters. Our Mineola divorce attorneys deal with business matters on a regular basis, and are well versed in this area of law.
Stocks and Bonds
Your assets may include investments such as stocks and bonds, annuities, and
mutual funds, to name a few. If you get divorced, the court will consider these
assets for distribution. What the courts may consider fair, you may not. That is why you need an attorney familiar with this specific area of law to protect your assets from being unfairly distributed.
The division of Real Estate investments, including your home and commercial
properties you and your spouse may own, will come under the scrutiny of a judge during your divorce. Opposing counsel will vigorously argue that that property belongs to their client and that the court's decision should reflect this. You will need someone to stand up in court and make a strong case on your behalf. What you walk away with from a divorce depends largely on the quality of your representation. That is why you need the best divorce lawyers in Nassau County to represent you.
401(k)s and IRAs
If you have a 401k or an IRA that is accruing interest and/or principal, are you
aware that this investment may come up for equitable distribution during a
divorce? The way your attorney handles these financial subtleties now may have a huge impact on your future, in particular, your retirement. You've saved all your life for a comfortable retirement, now is the time to take the utmost care in protecting it.
A bank account held in your name will be considered for distribution during a
divorce. The part of it you get to keep depends largely on the argument your
attorney makes in your favor. Having the right divorce attorney, battle-tested, can help you win this war.