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Divorce is difficult for any couple, but especially for those with high-value assets. These types of divorces can be expensive and take months to resolve. Working with an experienced Hudson Yard high-asset divorce lawyer can help make the process as seamless as possible. Our goal at the Levoritz Law Firm is to help clients remain unscathed after their divorce is finalized.
For over 21 years, Yonatan Levoritz of the Levoritz Law Firm has helped individuals and their families find peace after dealing with the overwhelming stress of divorce. As a divorcee himself, he works tirelessly to give his clients the competent legal services that he found lacking at the time of his own divorce.
When you work with our team, you get a constant, direct line of communication to your family law attorney to help you feel heard and protected throughout the entirety of your case.
Located in Manhattan’s luxury west side, thousands of high-value professionals and their families call Hudson Yards home. With the benefits of luxury apartments, art, and architecture, Hudson Yard residents find solace in their local community.
Key industries in New York include the technology and media industry, the finance industry, the fashion industry, and the life sciences industry. Hudson Yards is home to individuals with extensive assets who require careful handling during divorce.
Those going through divorce may feel like their peaceful living is destabilizing during legal proceedings, but working with the right lawyer can help you regain control over your situation. Be sure to hire a high-asset divorce lawyer from the Levoritz Law Firm to protect you throughout your case.
For those with a prenuptial or postnuptial agreement, dividing property can be seamless as long as the court finds the agreement lawful. However, without a prenup or postnup, the process of dividing property can be arduous, depending on whether you and your spouse can agree. Assets that are subject to division during a New York divorce can include:
Divorce cases are typically handled at the New York County Courthouse, located at 60 Centre Street. During a divorce in New York, courts allow couples to work together to decide how to resolve their divorce issues. As long as the final decision doesn’t treat one spouse unfavorably, the court will likely approve the decision.
This makes healthy communication with your spouse critical. If you and your spouse can’t agree, the court will make the decision for you, which may result in a ruling that goes against both of your personal wishes. Courts categorize property in two ways:
This is generally anything acquired by either spouse before getting married. Separate property typically isn’t divided during divorce unless it’s commingled with marital property. This is common in long-term marriages, where keeping assets separate is difficult. For example:
This makes it especially important to trace property back to its original source, as it can sometimes help individuals retain their assets during divorce.
This is generally anything acquired by either spouse during the duration of the marriage. Courts in New York typically divide marital property equitably between spouses, not necessarily 50/50. How they divide property depends on the unique financial and personal situation of both spouses. For example:
However, just because one spouse gets a high-value asset, it doesn’t mean they’ll get everything you own. Working with a skilled divorce attorney in Hudson Yards is key during property division discussions so that your rights are protected when working with your spouse to discuss who gets what asset.
You can work to protect your assets in a divorce by seeking legal counsel. Depending on when you acquired the asset, the court may or may not divide it during divorce. An important part of the divorce process is tracing which assets were acquired before marriage and which were acquired during the marriage. Your attorney can work alongside financial professionals for this process.
Mediation in a New York City divorce case is an alternative to trial, where a professional mediator helps you and your spouse communicate healthily to resolve your divorce issues. During mediation, you and your spouse get to control the outcome of your case. However, if you’re unable to agree, then a judge will have the final say.
Courts in New York City decide on alimony by factoring in various things, such as the age and health of both spouses, each spouse’s earning present and future capacity, sacrifices both spouses made during the marriage, tax consequences, the length and lifestyle of the marriage, costs of childcare, if one spouse requires education or training, and which assets are awarded to which spouse.
In New York City, the duration of alimony, also called spousal maintenance, can last in two main ways. The first type of alimony lasts for a fixed period of time with fixed regular payments made from one spouse to the other. This is the most common form of spousal maintenance. The other type of alimony lasts permanently, or until the receiving spouse remarries. The type of alimony awarded in a divorce is unique to the couple.
At Levoritz Law Firm, our attorneys believe that sophisticated problems require sophisticated solutions. We have extensive experience working with high-value individuals in New York, helping them navigate their divorces with ease. Contact our office today to schedule a confidential consultation and learn how our team can help you during this difficult time.
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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