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
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Sometimes after a divorce, circumstances change, and you might find yourself thinking about moving — perhaps a considerable distance away. Perhaps the relocation is to further a career opportunity, to be closer to family or simply to change your lifestyle. However, if you have custody of a minor child, the logistics of relocating are more Read More
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Even when both parties agree to a divorce, it can be a stressful and combative process, and decisions about who gets the pets can add to the friction. For many people, pets are like their children and contests over possession become akin to custody battles. Historically, in the state of New York, pets were largely Read More
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During a crisis such as the COVID-19 pandemic, family becomes more important than ever, especially for children whose schedules have been disrupted by long-term school closures and the cancellation of other activities. Parents who are divorced or live apart for other reasons know the importance of maintaining healthy communication through difficult situations. Though this situation Read More
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