High Net Worth Divorce

Suffolk County High Net Worth Divorce Attorney

Representing high net worth individuals

High net worth individuals who get a divorce face a complex legal matter. Though divorce is complicated for most, the addition of substantial assets, money, possessions, and debts can make divorce an overwhelming ordeal. A high net worth divorce involves a couple whose combined finances and assets meet or exceed $1 million dollars. When facing such high stakes in a divorce, it is important to have an experienced, passionate, and effective attorney on your side. If you are a person of means who faces a divorce, our firm is ready to serve. Peter V. Mandi & Associates, Inc.  serves clients across Long Island. Our firm provides a hands-on and effective approach to the legal representation and advocacy of our clients. If you need to schedule an appointment, contact Peter V. Mandi & Associates, Inc.  for a consultation.

Important facts about high net worth divorces

The addition of significant assets and debts are things high net worth individuals must consider when divorcing. Divorce issues are generally the same. Parties must think about property distribution, spousal maintenance, child support, and child custody may impact their lives after the process is over. If property distribution is contested, multiple homes, businesses, the value of professional practices, and more will be equitably distributed, not always evenly split.

If a divorce leads to a court case, the parties will open themselves up to the process of discovery. This can pose a problem for some high net worth individuals. With the need to disclose net worth statements and other financial information, either party can be vulnerable to a court-mandated financial probe if things don’t seem right. A court could hire a forensic accountant to uncover information important to the case. It is important to note that if there are discrepancies, the court is a mandated reporter to the IRS and this could open a couple to further financial problems, including audits.

Protecting high net worth individuals

It is important to consider legal tools to protect yourself and your assets from the divorce process. Namely with a prenuptial or postnuptial agreement, a marriage can end with many of the financial issues addressed. Though many shy away from this practice, it is important to protect oneself from an uncertain future and be prepared. Divorce is a reality for many Americans and by executing a binding contract like a prenuptial or postnuptial, you could ensure the safety of your possessions. If you are interested in drafting and implementing this document, contact our firm for a consultation.

Contact a Suffolk County High Net Worth Divorce Attorney

High net worth individuals facing divorce need quality, effective, and ardent legal representation. Peter V. Mandi & Associates, Inc. is an experienced law firm with significant knowledge of New York divorce law. Our firm is ready to guide you through your legal matter and help you make the best decisions possible. To schedule an appointment, contact Peter V. Mandi & Associates, Inc.