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When a husband and wife run a business together, divorce can mean the end of the company. However, this does not have to be the case. Forbes notes that in a divorce, spouses should seek a professional appraisal for all high-value assets, and a business is no...
While the most common image that comes to mind when the word "divorce" is said is likely impassioned lawyers making the cases of their clients before an impartial judge, this is not the only way to go through the process, even for high-net worth divorce. In fact,...
In a marriage, you and your spouse make investments and purchases as a couple. If that New York marriage dissolves, what happens to your assets? The two of you may argue over the house, the business property or even the furniture that you purchased as a couple. While...
Wealthy New York couples have a variety of places to store their assets. These locations need to be accounted for during a high asset divorce. However, some spouses do not maintain all of their assets in the United States. Anyone who is concerned about a spouse hiding...
Determining the value of highly valued artwork or antiques is a crucial part of the divorce process for high asset couples. Some New York spouses are familiar with how to get artwork or valuables appraised, but for those who possess little experience with appraisals,...
Divorce involves many decisions that can have far-reaching consequences. While the priority is the well-being of the children, financial experts see critical fiscal errors often during or after a divorce. The frustrating part is that these missteps can often be...
According to the Pew Research Center, the divorce rate among adults over 50 has doubled since the 1990s. Often referred to as "grey divorce," this trend seems to stem from many different financial and societal factors. And while many older adults find they do not wish...
News of Jeff and MacKenzie Bezos’ divorce have ricocheted all over the web. This is no surprise considering the world’s richest couple is worth an estimated $137 billion. There were also the salacious details of Jeff's phone getting hacked, so sexts to new girlfriend...
New York state divides marital assets equitably, which is not the same as half. There are a variety of metrics that go into determining what "equitable" means and a judge will often be used to make a final decision. Generally speaking, however, this means that the...
While the saying "money doesn't buy you happiness" may be true for many New York residents, a recent study also shows that debt might buy couples unhappiness. The study found that more than half of all couples go into their marriages with debt and 40 percent admitted...