Equitable Distribution / High Net Worth Divorce/QDROs

A significant aspect of many divorce cases involves the distribution of property or, as it is called in New York state, "equitable distribution." Equitable does not necessarily mean equal so there are many factors involved in determining what assets are subject to distribution and how that distribution is to take place. The definition of "assets" is quite large and includes retirement accounts, pensions, 401(k) accounts, as well as real estate, businesses, and a category unique to New York State called "enhanced earning capacity" which includes licenses, etc.

The first step is to identify your assets and liabilities. New York divides assets into two categories- marital property and separate property. A skilled attorney such as Leonard Rosner will assist you in determining which assets are which and will give you a realistic opinion as to how these assets should be divided. When necessary, experts such as accountants, business evaluators, real estate appraisers, etc. are utilized to assist us in determining values. In addition, it may be necessary to bring in further experts involving the division of pensions and other retirement accounts. A separate court order is required to divide many of these assets; this order is called a Qualified Domestic Relations Order (QDRO).

Through the years, we have helped a range of business owners, professionals, and others with a unique financial situation with all of their high net worth divorce situations. Just because you may have a large estate or high incomes, does not mean your case should take years to figure out. We will work on your behalf to come to an appropriate and equitable resolution. Let our years of experience and knowledge work for you!

Our goal is to work with you and your spouse's attorney in an effort to equitably divide the assets acquired during the marriage. As you can see this is a very complex area and needs the skill and expertise of an attorney such as Leonard Rosner who has been in practice working with these matters for a combined experience of over 40 years. Call us today!

Disclaimer
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. We invite you to contact us and welcome your calls, letters, and electronic mail. Contacting us does not create an attorney-client relationship. Please do not send any confidential information to us until such time as an attorney-client relationship has been established.