Equitable Distribution In New York
When you get divorced, does your ex automatically get half? In New York, the answer is “no.” Determining the issues surrounding equitable distribution can be complicated, especially when a couple has acquired significant assets.
With so much on the line, you need lawyers experienced in complex property division. At The Wallack Firm, we know what to do to help you keep as much as possible. Our lawyers have vast experience working on high-net-worth divorce cases, and we know what it takes to win.
Will We Have To Divide Our Assets 50/50?
No. The law instead requires that assets be divided in a fair manner under the particular circumstances of your case. “Equitable” does not mean “equal.” The law instead requires that assets be divided in a fair manner under the particular circumstances of your case. We go beyond the same old ideas to find new, innovative ways to keep our clients’ wealth in their hands, where it belongs.
Skilled At Dividing Significant Assets
The process of dividing substantial assets in a high-asset divorce can be complex. The stakes are high, and a poor outcome can be a major financial setback.
Our lawyers have extensive experience addressing these complexities. We regularly handle divorce cases involving various high-value assets such as:
- Investment portfolios
- Stock options
- Personal and investment real estate
- Art collections
- Antique collections
- Car collections
- Businesses and business interests
- Out-of-state and out-of-country assets
We collaborate with a range of professionals to ensure accurate appraisals and valuations, giving you peace of mind and laying the groundwork for a favorable division of assets.
Protecting Your Assets During The Divorce Process
It’s normal to have concerns about your hard-earned assets when you’re going through a split. You may worry about assets being hidden or spent recklessly, or being frozen in a way that interferes with your business or investments.
Temporary restraining orders (TROs) are a powerful tool to prevent dissipation of assets. A TRO can preserve the status quo while your divorce case is pending. It will also provide legal teeth to deter your spouse from selling, hiding or otherwise disposing of marital property. If your spouse violates the TRO, they can be held in contempt of court and face significant financial sanctions.
If your assets have already been wasted, you can take legal action to recover them when possible or secure compensation for them. Our attorneys have extensive experience addressing these concerns. We can protect your financial interests through a strategic course of action.
Financial Concerns Shouldn’t Keep A Bad Marriage Alive
If you want attorneys who get results in high-asset cases, contact The Wallack Firm and schedule a meeting at our Midtown Manhattan offices. Call 212-651-6461 or send us an email.