Dividing assets in a divorce can be complex. It becomes even more complex when executive compensation is in the picture. Understanding how executive compensation works and how it is divided in a divorce can help you know what you are entitled to. Types of executive...
High Asset Divorce
What is one thing most couples forget to address during divorce?
Those who are getting divorced need to go through a checklist of topics. They need to discuss which assets are subject to division and which are not. They need to go over how to divide the assets that are divisible and review retirement accounts. If one or both own a...
What makes a high-asset divorce complex?
The experiences of people going through a divorce can be different. And the differences can be major for people going through a high-asset one. Therefore, if your divorce involves high-value assets, you should be ready for a complicated process. Here are factors that...
How are retirement accounts divided during divorce?
People going through a divorce must divide the assets they accumulated during the marriage. This includes their retirement accounts. Some couples are lucky because each person has their own account, and both accounts are relatively equal. In that case, both parties...
Is your spouse hiding assets from you?
Property division is a crucial aspect of divorce. New York follows an equitable distribution law, which means marital property is divided as fairly as possible. Couples can have a smooth property division, but some factors can make the process difficult, including...
Why divorce after 50 can be especially difficult for women
You’ve probably seen the statistics showing that divorce among Americans 50 and older has increased significantly over the past 30+ years. You’ve likely also heard (and maybe cringed at) the term “gray divorce.” If you’re in that age group and you and/or your spouse...
High-asset divorces: Is a collaborative approach possible?
The high-asset divorce process is notoriously complex. Between identifying and valuating assets, determining an asset division structure that protects the interests of both spouses and navigating any other challenging issues unique to a couple’s divorce – including...
4 high-asset divorce mistakes to avoid
Divorce is complex, but the level of intricacy may be higher when more assets are involved. If you and your spouse had assets with high values, such as businesses, stocks, trust funds or real estate that you both owned or ran, property division may be challenging....
What is the dissipation of marital assets?
Perhaps the easiest way to think about the dissipation of marital assets is that your partner is intentionally trying to waste your financial assets. This happens when your partner fully knows that they are not legally allowed to hide assets during the divorce. They...
3 ways divorce might affect your business
If you are a business owner, it’s crucial to realize that your divorce is going to affect your ability to run it. Some effects will be short-term, but some could last much longer. Here are some of the ways that might occur: 1. Your divorce will occupy a lot of your...