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Whether you live in Carnegie Hill, Lenox Hill, or on Fifth Avenue, divorcing in New York City can be a challenging process. Many business owners, executives, professionals, and dual-income households face difficulties when navigating a high asset divorce. Agreeing on an equitable distribution of the marital estate can be overwhelming. An Upper East Side high asset divorce lawyer can advocate for your interests and safeguard your parental rights.
Since 2005, The Levoritz Law Firm has helped couples facing difficult divorce cases. We believe in a proactive approach to filing for divorce because strategic filing is critical to protect your assets and custody rights. Our team is experienced in helping clients navigate a high asset divorce that minimizes risks while focusing on accurate appraisals of your complex or unusual assets.
When you hire a high asset divorce lawyer at The Levoritz Law Firm, you gain an ally with a wealth of knowledge and experience handling complex marital property valuation and distribution. Our mission is to leave our clients in the most favorable position possible to help them move forward after the divorce and support themselves as comfortably as possible.
The divorce rate in New York, according to 2023 data, is 2.4 per 1,000 residents. As of the 2024 census, the population of New York County was 1,660,664 residents. There were a total of 807,083 households with a median household value of $1,105,600.
When filing for divorce as a resident of the Upper East Side, you have to file at the Supreme Court of New York County. The Manhattan Supreme Court is located at 60 Centre Street. In New York State, the Supreme Court has exclusive jurisdiction over divorce petitions.
When navigating a high asset divorce in Upper East Side, NY, you could face many challenges not common in the average divorce. Some challenges unique to high asset divorces include:
Throughout the divorce process, your Upper East Side high asset divorce attorney can help you navigate complex situations while remaining the voice of reason to help you make wise decisions that align with your immediate interests and long-term goals. Don’t make important financial decisions based on your emotions.
There are numerous types of complex property that could be involved in your high asset divorce. In New York, there are four types commonly seen, including:
During a divorce, there are two main types of property considered: marital and separate property. Marital property is all of the assets and debts accumulated by either spouse over the course of the marriage. Conversely, separate property is owned exclusively by one spouse. It often consists of assets and debts acquired before the marriage began, as well as inheritances and gifts acquired during the marriage. Only marital property is subject to distribution.
Yes, you can get an annulment in New York, but only under specific legal grounds. Under New York Domestic Relations Law Section 140, you can only file for an annulment if certain conditions existed at the time of the marriage.
These conditions include that either party was underage, lacked the mental capacity to enter into the marriage, engaged in fraud, committed bigamy, had an incurable mental illness, was unable to perform, or engaged in the use of force or duress.
The biggest mistake you can make during a divorce is attempting to hide assets or not fully disclosing your assets. Judges look at this behavior highly unfavorably and could award your spouse a larger share of the marital estate because of this behavior. The court could also issue financial sanctions against you or order you to pay your spouse’s legal fees as punishment for this type of behavior.
Yes, mediation or arbitration could be viable options for your high asset divorce. Both methods offer more privacy, take less time, and are less expensive than a traditional divorce. Mediation uses a neutral third party to guide negotiations. Arbitration is more formal and acts as a private trial where the arbitrator hears both sides and makes binding decisions for the couple.
Commingling describes a situation where marital and separate property have been mixed in such a way that neither can be distinguished from the other. Commingling can result in separate property being included in the marital assets that are subject to equitable distribution. The only way to separate marital and separate property is with solid evidence that can trace the origins of the separate property.
At The Levoritz Law Firm, we believe in open communication with our clients to create sophisticated solutions for the most complex situations. Our team is not here to offer judgment on your situation but solutions to solve the problems you’re facing now. We can handle all aspects of the divorce process. We’re prepared to take your case to litigation if necessary. Call or contact us today to schedule your initial consultation.
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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