Contrary to popular belief, divorcing with wealth can be extremely complex despite there being plenty to go around. Couples with substantial assets to disentangle often discover that the division of marital property is one of the most challenging aspects of a high-asset divorce.
To ensure a fair and equitable resolution, enlisting the help of certain experts may be essential. They can provide insights and support that protect your interests and prioritize the most favorable outcome possible. Here are a few that you may want to consider:
Forensic accountant
A forensic accountant often makes a crucial difference in the outcome of a high-asset divorce. Their skills in analyzing financial records can help to even the field during property negotiations. Their services facilitate financial transparency, enabling a fair division of marital property under New York equitable distribution laws.
Business valuator
If you or your spouse is a business owner, a business valuator may be indispensable. They assess the value of companies, accounting for current market conditions, financial performance and future earning potential. Their evaluation provides a clear picture of business worth, which is vital for equitable distribution or buyout negotiations.
Real estate appraiser
A high-asset divorce often involves significant real estate holdings. The right appraiser can accurately assess the value of properties, including primary residences, vacation homes and investment holdings. Accurate appraisals are critical for ensuring fair division of real estate assets and avoiding disputes over property values.
How can you find these professionals? Most divorce representatives with experience have built reliable connections with reputable experts. During your initial divorce consultation, ask if expert testimony could improve your odds of achieving a fair property settlement.
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