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No divorce is easy, but court cases involving large estates and high-earning spouses can raise unique and complex legal considerations. If you are dissolving your marriage and own significant assets or multiple properties, you can rely on a SoHo high-asset divorce lawyer to advocate for your interests and protect your property rights. Legal support can make sure that your spouse is honest about disclosures and does not make an unlawful claim to your estate.
When high earners in SoHo need results-driven legal representation, they trust Levoritz Law Firm to protect their property rights and long-term interests. Our award-winning law firm takes a holistic and client-focused approach to divorces involving high earners and individuals who own large estates. After more than 20 years dedicated to providing clients with exceptional legal services, we understand the steps that are needed to protect what you have built.
What sets our law firm apart is our deep knowledge of New York’s court laws and vast experience navigating complex divorces involving large estates. We understand that the outcome of your divorce case is deeply personal, and our goal is to take a proactive approach to your case, so you never feel like you are having to react to your spouse’s actions in court.
Our track record of success has helped our founding attorney earn a high rating by Martindale-Hubbell® for his high ethical standards and exceptional legal skills. Awards and recognition are not guarantees of future results.
Condos, townhomes, and other types of homes in SoHo and nearby neighborhoods like NoHo, Tribeca, and Greenwich Village are characterized by high property values. In SoHo alone, the average home value is $3,135,729, and that marks a 7.9% rise from the year prior.
Under New York’s equitable distribution laws, marital property is divided rather than automatically split evenly.
Depending on the specifics of a case, real estate, investment portfolios, business interests, retirement accounts, deferred compensation, and luxury assets may be subject to division. Once an agreement is reached or a judge makes that ruling on behalf of both parties and signs the final order, both spouses must comply with the terms of that order.
New York City is home to many wealthy residents, including 154 billionaires worth a combined $759 billion. In an affluent neighborhood where nearly 40% of residents earn more than $250,000, high-asset divorces often involve financial considerations that require an extensive valuation of complex assets and properties.
Spouses may disagree on the value of certain assets and whether they should be classified as marital or separate property. In some cases, there may be mistrust among the parties, or one spouse may try to conceal assets to prevent them from being divided. These and other factors could complicate a case and potentially lead to delays if not addressed properly by an experienced divorce lawyer.
If you own a large business or have a high-earning career in SoHo, NYC, a divorce could jeopardize your savings and what you’ve built. When you hire a high-asset divorce lawyer, you gain support from an experienced lawyer who understands the unique challenges high earners face in court.
By relying on their years of experience and knowledge of high-asset divorce laws, they can manage your high-asset divorce case with a focus on protecting your property rights and actively guiding your case toward a conclusion that preserves your lawful claim to your estate.
Moving out of your shared residence without first consulting with your attorney can lead to complications in your divorce because that step could compromise your position during property division. Marital property is co-owned, and you do not have to move out of a house that is marital property. If you wish to keep that home later, the decision to move out could weaken your claim.
Assets in a New York divorce are split according to the state’s equitable distribution laws. Any property or assets acquired during the marriage are generally owned by both spouses equally, and as such would be divided in an equitable manner during a divorce. Separate property would typically be kept by the spouse who owns that property outright.
Whether your spouse is entitled to half of a 401(k) during a divorce is considered by the courts. One main factor is when you were married and when your 401(k) started. The accrued value of the retirement account since marriage is another factor. Depending on those facts, your spouse may have a lawful claim to half, some, or none of that account. These complex and important matters can be addressed by an experienced family law attorney.
Separate property generally cannot be divided in a SoHo divorce. These include gifts, inheritances, and anything that was brought into the marital union. Separate property is transferable, meaning proceeds from the sale of separate property that can be traced are generally not subject to division during a divorce. The burden of proving that property is separate generally falls on the party making that claim.
When you secure legal representation from the Levoritz Law Firm, you gain support from a team of dedicated litigators who understand the stakes and the unique challenges that high earners face when dividing property during a divorce in New York. We handle cases with integrity and focus on being responsive to our clients’ needs.
Since 2005, our law firm has guided doctors, business owners, and other high-salary clients through the complexities of the divorce process. Once you secure legal representation from our firm, our legal team can take the time to listen to your goals and concerns, so our strategy works to safeguard your priorities. Protect your property rights by contacting our law firm today.
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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