Manhattan High-Asset
Divorce Lawyer
Manhattan High-Asset Divorce Attorney
High-asset divorces in Manhattan often involve complex financial situations and can be some of family law’s most contentious and challenging cases. With the high stakes involved, parties must navigate unique conflicts and disputes related to assets, property, and other financial matters. To make sure that your interests are protected, it’s vital to have an experienced Manhattan high-asset divorce lawyer on your side who can advise you every step of the way.
About the Law Offices of Robert Tsigler, PLLC
When you are going through a high-asset divorce, you need a strong, competent, and seasoned attorney in your corner to help you protect your interests and make the process as easy and smooth as possible. At the Law Offices of Robert Tsigler, PLLC, our attorneys are deeply familiar with New York divorce laws and the possible roadblocks associated with divorce.
When we advocate for our clients, we mean business, and our reputation precedes us. Our name is associated with excellence. We have been featured in national publications like HuffPost, Bloomberg, and USA Today. In addition, our attorneys have earned places on the Top 100 Trial Lawyers list, the Super Lawyers list, and the 10 Best by State list from the American Institute. * When the stakes are high, we are there for you.
Our Legal Team
We pride ourselves on being available for our clients around the clock, even attending late-night courtroom proceedings if the need arises. We know that the need for legal advice is not limited to daytime hours, so our services are not limited to those hours, either.
Divorce is not pleasant, and no one enjoys navigating the legal process of ending a marriage. Our goal is to make the process as fair, smooth, and quick as possible for our clients. Whenever we can help spouses reach an amicable agreement, we do so, but we are also unafraid to litigate if that is what it takes to protect our clients’ interests.
What Are Common Conflicts in a High-Asset Divorce?
More than 1.8 million people in America went through a divorce in 2023, which is the most recent year for which there is complete data. Divorce, therefore, is a relatively common life event for modern Americans. However, not all divorces are the same. High-asset divorces present a unique set of challenges.
In high-asset divorce cases, conflicts frequently stem from the intricacies of dividing substantial assets in an accurate and equitable manner. Disputes may arise over the following aspects of the divorce process.
Valuation of Property
Disputes over property valuation often involve disagreements on the current market value of real estate, investment portfolios, and luxury items, such as artwork, automobiles, or jewelry.
Business Interests
Conflicts regarding business interests can involve challenges in determining the value of ownership stakes, stock options, or professional practices. These disputes may arise from differences in the assessment of business growth potential, the impact of market conditions, or the valuation of intangible assets, such as intellectual property or goodwill.
Spousal Support (Alimony)
In high-asset divorces, disagreements can stem from the higher-earning spouse’s reluctance to provide substantial financial support or the lower-earning spouse’s dissatisfaction with the proposed amount. Factors such as the duration of the marriage, the parties’ standard of living, and their respective earning capacities can further complicate these disputes.
Child Support
Disputes surrounding child support can arise when parents have differing opinions on the appropriate level of financial support required to maintain their children’s lifestyle and well-being.
What Resolution Methods Can Help?
When spouses cannot agree on the terms of a divorce, there are several methods that can be employed to help them reach a resolution. Some of these are as follows.
Mediation
Mediation is a voluntary process where a neutral third-party mediator assists the divorcing couple in reaching a mutually acceptable agreement on various issues, including asset division, spousal support, child support, and custody arrangements.
Arbitration
Arbitration is another alternative dispute resolution method in which an impartial arbitrator or panel of arbitrators is appointed to hear the arguments of both parties and make a legally binding decision on the disputed issues.
Collaborative Divorce
Collaborative divorce is a process in which both parties and their respective attorneys commit to resolving their disputes without going to court. In this approach, the couple and their attorneys work together in a series of meetings to negotiate a settlement.
Negotiation
Direct negotiation between the parties and their attorneys is another method that can help resolve high-asset divorce disputes. By engaging in open communication and compromise, the parties can often reach a settlement that is tailored to their specific circumstances and avoids the financial and emotional costs of a contested trial.
Why Should You Hire a High-Asset Divorce Lawyer?
If you are going through a high-asset divorce, you may face some challenges that do not often come up in typical divorces. Therefore, it is highly advisable to hire a high-asset divorce lawyer who has significant experience with high-asset divorces and knows how to advocate for your interests as a client.
Your attorney can help you address problems like property valuation, business interests, and alimony by applying their knowledge of legal precedents and understanding of how the decisions you make now could affect your long-term financial health.
What a Lawyer Can Do
If you and your spouse can amicably discuss the terms of your divorce, or if there was a prenuptial agreement in place, your attorney can still be incredibly helpful by reviewing your documents and proposed agreements for potential legal problems.
On the other hand, if your divorce involves contention or significant conflict, as is common in high-asset divorces when there is disagreement between the spouses regarding how to handle things, your attorney can become a powerful asset for negotiation. Should your divorce proceedings ultimately end in litigation in the New York Supreme Court, your lawyer can attend the hearing and advocate for your interests before the judge.
FAQs
Q: What Is the Average Price of a Divorce Lawyer?
A: The average price of a divorce lawyer in New York City can vary based on the lawyer’s experience, reputation, and location of their practice. In high-asset divorce cases, the rates may be even higher due to the additional complexities involved. Keep in mind that the duration of the case will also influence the total cost of a divorce, the level of cooperation between the parties, and the need for additional professional services such as an appraiser.
Q: Does the Husband Have to Pay for the Wife’s Divorce Lawyer?
A: In New York, the court may order one spouse to pay for the other spouse’s divorce lawyer fees, especially when there is a significant difference in their incomes. This practice, known as an award of interim attorney’s fees, aims to make sure both parties have equal access to legal representation throughout the divorce process. It is important to note that this practice is not limited to husbands paying for their wives’ legal fees but can apply to either spouse.
Q: How Can a Prenuptial Agreement Impact a High-Asset Divorce?
A: A prenuptial agreement is a legal contract signed by a couple before marriage that outlines how assets, property, and debts will be divided in the event of a divorce. In a high-asset divorce, a well-drafted prenuptial agreement can significantly simplify the process by providing clear guidelines for the distribution of assets, spousal support, and other financial matters. However, if the agreement is challenged or deemed unenforceable by the court, it may lead to other disputes.
Q: What Are the Tax Implications of a High-Asset Divorce?
A: High-asset divorces can have significant tax implications for both parties, as the division of assets, property, and financial interests may result in various tax consequences. Selling or transferring real estate, stocks, or other investments as part of the settlement may trigger capital gains taxes. Additionally, changes in filing status, allocation of tax deductions and credits related to children, and the tax treatment of spousal support can all impact the parties’ tax liabilities.
Get in Touch With Us Today
If you are considering a high-asset divorce in New York City, contact the Law Offices of Robert Tsigler, PLLC. With years of experience handling complex family law matters, our experienced attorneys can provide the legal advocacy and guidance you need to protect your rights and interests throughout the divorce process. See why other clients have already trusted us with their family law matters today.
*Awards and recognition are not guarantees of future results. Selection criteria vary by organization.
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