Most couples work to maintain and plan for a solid financial future, retirement, and support for their children. If those couples reach the end of their marriage, I work to help them keep plans intact even as their marriage dissolves.
Preservation of wealth is an important feature of any divorce—for those with modest means or millions. While facing the same emotional instability as other couples, partners with high net worth face additional complexities in maintaining the financial safety net they sought to provide themselves and their family.
High net worth means high stakes. New York is an equitable distribution state, meaning courts seek equitable distribution of the marital estate—not necessarily equal division. Protecting wealth means forensic investigation, identification, and valuation of the following:
Characterization of assets as marital or separate is critical upon divorce. Separate assets are those owned prior to marriage, or acquired as a gift by one party during marriage—like an inheritance not commingled with other monies. The marital estate includes all property, assets, and debt acquired by a couple during their marriage.
Money lost to litigation is lost forever. The goal of my work with high net worth couples is to find and preserve wealth for the future to come, instead of seeing it dissolve along with the marriage that earned it.
As a Buffalo divorce lawyer for 28 years, I have devoted myself to solving the problems that affect families throughout the Buffalo metropolitan area and Western New York. As a family law attorney, I make it my goal to create a partnership of trust with my clients. People put their trust in me to handle cases that can potentially have a long-lasting impact on not only their lives, but the lives of their family as well.
Alexandra M. Rockwood is a Senior Associate Attorney with the Law Offices of Randy S. Margulis & Associates and has been with the firm since early 2020. She primarily practices in the areas of matrimonial and family law, including divorce, child custody, and child support. Alexandra is a practicing matrimonial and family law attorney as…