By Randy S. Margulis | Published September 15, 2022 | Posted in Divorce | Tagged Tags: high net worth divorce, property division, tax implications | Comments Off on Critical Factors in a High Net Worth Divorce
A New York divorce is considered “high net worth” if the couple has $1 million or more in net liquid assets that are subject to equitable distribution. Often, these couples also have ownership interests in other assets that are difficult to value and split. That alone can make a divorce more complicated, but because the Read More
Read MoreWhen dividing assets during a divorce, many couples encounter obstacles regarding the marital home. Often the home is the most valuable asset a couple owns and each partner has a financial interest. There are a number of options a divorcing couple can consider regarding the sale of the primary residence. There might be tax advantages Read More
Read MoreI work daily with individuals concerned about division of assets during their divorce. Properly valuing a marital estate is key to fair division of property at the end of a marriage. New York is an equitable distribution state, meaning without other agreement, a court makes property awards that equitably distribute assets and liabilities of the Read More
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