High-Net-Worth Divorce

What is High-Net-Worth Divorce?

High-net-worth divorce involves couples with significant financial assets and holdings, typically valued at a minimum of one-million dollars. These cases require specialized legal expertise due to the complexity and scale of the assets involved. Factors that contribute to the complexity of high-net-worth divorces include:

Complex Asset Portfolios: Diverse asset portfolios make up the marital estate including multiple real estate assets (sometimes out of state), various investment vehicles, stock options, pensions, retirement assets, business interests, overseas assets, and cryptocurrency.
High-Value Personal Property Assets: Valuable personal property (possessions like luxury cars, art collections, and jewelry).
Significant Income: High earning capacities and diverse income streams from various sources.

Challenges Unique to High-Net-Worth Divorce

High-net-worth divorce brings a unique set of challenges that require specialized attention. Here are some key issues that often need to be addressed:

Asset Valuation and Division: Accurately valuing and dividing complex assets such as businesses, real estate, investment portfolios, and retirement accounts.
Hidden Assets: Identifying and uncovering hidden or undisclosed assets.
Prenuptial and Postnuptial Agreements: Enforcing or challenging prenuptial and postnuptial agreements.
Spousal Maintenance: Determining appropriate levels of spousal maintenance above the spousal maintenance guidelines based on lifestyle, income, and earning capacity.
Child Support: Ensuring the financial needs of children are met and establishing custody arrangements that reflect the best interests of the children.
Debt Management: Identifying and dividing shared debts, including mortgages, loans, and credit card debt.

How Our Law Firm Can Help

At Kitson, Haffner & Hyde, LLP we understand the intricacies of high-net-worth divorce and are dedicated to providing compassionate and effective legal support. Here’s how we can assist you:

Comprehensive Legal Expertise: Our experienced attorneys specialize in high-net-worth divorce, ensuring you receive knowledgeable advice tailored to your unique situation. Our Founding Partner, Patricia Kitson, Esq., has been a New York Matrimonial and Family Law attorney for over forty-four years. She has dealt with numerous high-net-worth divorces and has a wealth of knowledge that only comes with decades of experience. She has personally trained each attorney in the Firm with the utmost standard of excellence.
Personalized Approach: We recognize that every divorce is different. We take the time to understand your specific needs and goals, crafting a personalized strategy for your case.
Financial Expertise: We work with financial experts, including forensic accountants, business valuators, and tax advisors, to ensure a fair and accurate division of assets and to secure your financial future.
Creativity: Our strength lies in our creative approaches and our expertise in comprehending the complicated issues we face together with our clients. We routinely settle the cases that others cannot.
Discretion and Privacy: We are committed to protecting your privacy throughout the divorce process, managing sensitive information with the utmost care.
Local Expertise: Based in Westchester, New York, we are well-versed in the local laws and court systems. This local knowledge enables us to navigate your case efficiently and effectively.

Contact Us

If you are considering a high-net-worth divorce or need more information, don’t hesitate to reach out to us. Contact Kitson, Haffner & Hyde, LLP today to schedule a consultation and take the first step towards a new chapter in your life. We are here to support you every step of the way.