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Safety Net: High Net Worth Divorce in New York

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:

  • Business interests, professional degrees, and professional practices
  • Savings and investment portfolios, offshore accounts, trusts, and retirement accounts
  • Real property—residential and commercial
  • Intellectual property, lease rights, tax shelters, and hidden assets
  • Marital debt

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.

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Randy S. Margulis Attorney Photo
Randy S. Margulis
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As a Buffalo divorce lawyer for 25 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.

Reviews & Ratings
  • lawyers
    5.0/5.0

    Randy Margulis is knowledgable of Domestic Law, dedicated, responsive, personable, aggressive and effective. I came to him on a friend's recommendation as well as Randy's reputation, and during the initial consultation I liked his approach and track ...

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  • lawyers
    5.0/5.0

    Found Mr. Margulis to be a very organized and professional individual to work with. He is well-respected by his peers and is spoken of highly, I believe this helped with my divorce and made things go smoothly. I would highly recommend his services ...

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    Client

  • lawyers
    5.0/5.0

    Randy is very firm and effective in court while empathetic to his clients. I am a domestic violence victim, and Randy made me feel safe and protected. My financial award was more than I envisioned it to be when I started my divorce. I can't thank ...

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    Client

  • lawyers
    5.0/5.0

    Mr Margulis was one of the nicest attorneys I have ever had the privilege to speak to. He knows what he is doing and saying. I chose him because he was reassuring, respectful and understanding. He made my divorce easy, without regret and civil.I appr...

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    Client

  • lawyers
    5.0/5.0

    Randy was referred to me. I am so glad I chose him to represent me. He was efficient and extremely knowledgeable. I would recommend him to anyone and have recommended him to a friend of a friend.

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    Client

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