Why a High-Net-Worth Divorce Needs Special Handling
A high-net-worth divorce is generally defined as one in which the spouses have liquid assets valued in excess of a million dollars. These assets often consist of real estate, investments, businesses, luxury items and financial portfolios. High-net-worth individuals include entrepreneurs, corporate executives and individuals with inherited wealth. Their divorces typically involve more intricate financial analysis… Read More »
New York Family Law Reform Says Professional Degrees Are Not an Asset Subject to Equitable Distribution
In a 1985 divorce case, O’Brien v. O’Brien, New York broke new legal ground when the state’s highest court decided that a professional degree or license earned during a marriage was a marital asset subject to equitable distribution. However, in the three decades since, few jurisdictions chose to follow New York’s lead, and the decision… Read More »