Individuals who hold significant property interests, highly valuable assets, and substantial resources require special handling in a divorce case. When a couple has a high net worth, it is not enough simply to split the assets in half or in some other proportion. Rather, each asset and financial interest must be strategically and creatively evaluated to ensure that no adverse tax consequences are suffered. Moreover, each asset must be explored to determine what its growth history and growth potential will be.
In cases involving complex securities, investment risk and potential must also be scientifically analyzed. The liquidation, distribution and/or re-assignment of property assets and financial accounts may raise tax, insurance and liability questions – all of which need to be carefully examined. High net worth individuals will also potentially be subjected to different standards in determining alimony and child support awards. Thus, for example, in many states, where one or both of the parties have substantial incomes, the court will apply a series of statutory factors to determine how much alimony should be paid or how much child support should be ordered. Understanding these factors, and applying them skillfully, is the job of a trained family lawyer.
Attorney Mark S. Guralnick holds two M.B.A. degrees, from Columbia University and London Business School, in addition to more than 30 years practicing divorce law. He is particularly skilled in the handling of high net worth cases. Please feel free to call Mark S. Guralnick if you have any questions.