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Financial advisors and wealth managers spend their careers helping clients reach their financial goals. During a divorce, they can face unique challenges that require close attention from a family law attorney. If you work in the financial sector and need support during a complex family law case, you can rely on the services of an NYC divorce lawyer for financial advisors and wealth managers.
Since 2005, The Levoritz Law Firm has provided exceptional legal services and proven results for individuals going through a divorce in New York City. We understand the stress and uncertainty that can accompany a family law case, and we are prepared to explore every viable strategy that could help you protect your rights and interests. Our work has been recognized by prominent legal groups like Super Lawyers.
When you work with our law firm, you are connected directly to one of our skilled attorneys. Our lawyers bring decades of combined legal experience and a well-earned reputation for taking decisive action and filing first when needed. Trust our team of seasoned litigators to address your legal needs and create a path toward a favorable outcome in your case.
There are around 330,300 financial advisors in the United States, and around 27,440 of them live in New York State. When wealth managers are faced with a divorce at the New York County Supreme Court, which is located at 60 Centre Street in Manhattan, they can face unique challenges. They face unique challenges when it comes to accounting for marital property, due to the complexities of their compensation packages.
Their spouse may falsely accuse them of hiding assets, even without evidence to support those accusations. Financial advisors may have concerns about their private finances being released during the court process. Demanding workloads can lead to challenges during custody negotiations, and they may be hit with unreasonably high spousal and child support obligations.
No two divorce proceedings are exactly the same, but they do often address similar areas. Before a divorce can be finalized, the marital estate must be fairly divided according to the state’s equitable distribution rules. Before this can be done, every asset, debt, and property must be classified as separate or marital. Separate property is not subject to division and includes things like gifts, inheritances, and anything brought into the marriage.
Child custody cases are determined based on the best interests of the child. The courts consider the time both parents traditionally spent on child-rearing and their current ability to provide a safe and supportive environment for the child when setting legal and physical custody. Both property division and custody matters can be resolved between the parties to a divorce. When disputes remain unresolved, the courts play a more active role in making those decisions.
Whether you live in SoHo, Harlem, Williamsburg, or another area in New York City, your top priority should be to hire a divorce lawyer who understands your unique needs and how to protect your property and parental rights throughout the court case.
Whether you are in financial advising or wealth management, your NYC divorce attorney for financial advisors and wealth managers can learn about your goals and concerns before tailoring the right strategy to meet your aims in court. The understanding of New York’s complex divorce laws can greatly improve the chances that your divorce case resolves on terms that reflect your interests.
A: The cost of a divorce lawyer in NYC can vary considerably based on the attorney’s years of experience and the complexity of the case. Most family law attorneys bill by the hour based on a set rate. They may require an upfront payment called a retainer as a condition of representation. The retainer would need to be renewed if the billable hours deplete those funds. A reputable family law attorney should be transparent and open about their billing practices.
A: Financial advisors face many unique challenges in family court, from challenges accounting for marital property to assertions that they should have less than 50/50 custody with their children. The demanding nature of advising and wealth management can add stress and strain to an already difficult situation. Many people in those professions seek legal support to reduce their burden.
A: The wife is entitled to a fair portion of the marital estate. New York’s equitable distribution laws do not always lead to a 50/50 split of marital assets. The wife can also take what she brought into the marriage, along with gifts and inheritances. These are known as separate properties, and they are not subject to division during a divorce.
A: The first thing you should do if you want a divorce is to find an attorney to manage the case and advise you on your options. An experienced family law attorney can play a crucial role in protecting your rights and interests. They can help you gather the evidence you need to protect your property and custody rights and address challenges that may arise during the divorce.
Going through a divorce without strong legal representation could be a costly mistake. When you secure representation from The Levoritz Law Firm, you benefit from our years of experience and proven track record. We are proud to maintain a high rating by Avvo. When you work with our firm, you gain the unwavering support of a legal team that can see you through thick and thin.
After decades of work representing wealth managers and financial advisors, we understand the challenges you are facing and are prepared to file first when needed. Contact our office today to schedule your initial consultation so we can learn about your goals and background. We look forward to providing you with the exceptional legal support you deserve.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by Founding Partner, Yonatan Levoritz who has more than 20 years of legal experience as a divorce & family attorney.
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