Whats the news today-
Last Updated on: 23rd June 2025, 12:56 am
While all divorce cases are inherently complicated, a divorce is especially complicated when the case involves large amounts of assets. When the parties have significant money or property, one of the parties may be motivated to hide assets or try to undervalue them in order to gain an advantage. When this happens, Our Spodek Law Group attorneys of Bronx high net worth divorce lawyers can help you make sure that you receive a divorce judgment that fairly represents your assets and your rights under the law.
Division of property
In a high net worth divorce in the Bronx, it’s important to carefully build your case in order to receive a fair distribution of the assets. It’s up to the court to divide marital property equitably. Usually, that means giving each party close to half of the marital assets.
However, the division of property in a divorce isn’t always strictly equal. If one of the parties is at fault in the marriage for adultery or cruel and inhumane treatment, the court may award an unequal distribution of property. A unique property distribution may also be appropriate in cases where a party has unique needs that make an unequal division of assets just and equitable.
Receiving a fair distribution of property
To receive a fair distribution of property, it’s important to carefully build your case. You must determine what assets are marital. Unless the parties have a prenuptial or postnuptial agreement, the assets that either party earns during the marriage are marital assets and subject to distribution during the divorce. It doesn’t matter if one of the parties works and the other party contributes to maintaining the home, everything earned during the marriage is typically marital property unless an exception applies.
Your Bronx high net worth divorce attorney can work with you to identify and value marital assets. You may work to:
When you gather records of these assets, Our attorneys can help you go about gathering evidence in a way that’s admissible in court.
Placing a value on an asset
It’s up to you to prove the value of an item to the court. If you have real estate, you may need to have it appraised. In high net worth divorce cases, it’s important to review the appraiser’s work carefully because the other side may have a financial expert of their own. Placing a value on the assets is the first step to begin working on how to divide them. The lawyers at Spodek Law Group can help you find the right appraiser and work towards admitting an appraisal and other financial records in court.
Maintenance and Spousal support
In a high-asset divorce case, spousal maintenance can be a controversial issue. Determining an appropriate spousal support award depends in part on having an accurate picture of the incomes of the parties. You must also look at each party’s ability to work.
Arriving at an appropriate spousal maintenance and support award in a bronx high asset divorce case means inquiring into each party’s true income. You may need to subpoena employment records. If one of the parties owns a business, you may need to have a forensic accountant place a fair value on the business. Getting to the bottom of spousal maintenance means looking at the health of the parties, their needs and what it’s honestly and fairly going to take to help the lower-earning spouse become self sufficient.
Child support
Knowing the true incomes of the parties is also critical to making an accurate determination of child support. It’s true that child support is based on a formula. However, the formula only creates an accurate result when you have the right figures to use in the formula. It’s important to carefully review any child support calculation for errors and inaccuracies.
How can an attorney help?
Our Spodek Law Group attorneys of high net worth divorce in the Bronx can help you ensure that your divorce case is handled fairly and correctly. A divorce judgment is hard to undo, so it’s important to get it right the first time. Your experienced lawyer can help guide your case through the courts so that you can receive justice and a fair disposition of your case as quickly as possible.
As skilled and experienced family attorneys, Our attorneys have experience handling high net worth cases in the Bronx and throughout New York. High asset cases are uniquely challenging. Our clients often have many different special things to consider as they advocate for the best possible outcome in court. We help each client aggressively pursue their best interests under New York law with professional, competent and understanding services
Valuing Assets
High net worth cases often create unique challenges in that the parties often disagree as to the value of marital assets. The parties might have an expensive home that leaves a lot of room for debate about the home’s worth. One party might own a business that needs a value in order to determine a fair division of assets. The parties might have unique collections of personal property that have significant value. Determining the proper value of these assets is important for both division of property and alimony.
Our team works with our clients in order to accurately value these assets. The party that wants the court to value the asset at a certain amount has the burden of proving the asset’s worth. We work with expert appraisers and accountants in order to prepare evidence about the value of assets.
Identifying Assets
In addition to placing a value on assets, your bronx high net worth attorney can help you identify assets that the other side might be trying to hide. Parties often transfer titles and even financial accounts to friends and family members in an effort to hide them from their spouse during a divorce. The courts take this behavior seriously.
We have ways to identify assets that might be hidden. We demand personal and business records. We can use forensic accountants to identify income. In some cases, we team with private investigators. Once we know what assets exist in the case, we can work to value them fairly.
Mediation: Alternative Dispute Resolution
You might think that because a bronx divorce case is a high net worth case, it’s automatically going to end up going to trial. That isn’t necessarily the case. The truth is that most divorce cases settle before trial even in cases where the parties have significant assets.
To help settle the case, you might consider using an alternative dispute resolution service like mediation. In mediation, you work with a trained professional who helps you narrow the issues and negotiate with the other party. You don’t have to enter into a settlement unless you’re happy with it. This can be an effective tool to help you reach a resolution to your case. However, it’s not appropriate or advantageous in every case, so it’s important to work with Our Spodek Law Group attorneys in order to determine the best plan in your case.
Type of Agreement | Description | Key Considerations |
---|---|---|
A prenuptial agreement can help the parties define how current assets and potential future assets might be divisible in the event of a divorce | You can use a prenuptial agreement in order to define what counts as separate property | The parties can also make an agreement about spousal support in the event of a divorce |
It’s important to work with a bronx high net worth attorney in order to make sure that your prenuptial agreement is valid | Both parties need to make a full disclosure of their assets | You need separate attorneys, and each of you must sign the agreement of your own free will |
A postnuptial agreement is a lot like a prenuptial agreement | However, a postnuptial agreement occurs after the parties are already married | The agreement can address property divisions and spousal support |
Prenuptial Agreements
Not all of our bronx high net worth law cases are divorce actions. We often meet clients who want assistance preparing a prenuptial agreement, also known as a premarital agreement. A prenuptial agreement can help the parties define how current assets and potential future assets might be divisible in the event of a divorce. You can use a prenuptial agreement in order to define what counts as separate property. The parties can also make an agreement about spousal support in the event of a divorce.
It’s important to work with a bronx high net worth attorney in order to make sure that your prenuptial agreement is valid. Both parties need to make a full disclosure of their assets. You need separate attorneys, and each of you must sign the agreement of your own free will. A prenuptial agreement can never decide child custody or a child’s right to support.
Postnuptial Agreement
A postnuptial agreement is a lot like a prenuptial agreement. However, a postnuptial agreement occurs after the parties are already married. The agreement can address property divisions and spousal support. It must be fair to both parties, and each spouse should have their own attorney in order for the court to uphold the agreement.
Child Support
Child support and alimony are two separate issues. The courts usually use a mathematical formula to determine child support. However, the courts have more discretion in high-income cases. In these cases, properly determining the income of the parties can be critical to arriving at a fair amount. In addition, it’s important to clearly ask the court to fashion the order you want as it relates to health insurance coverage and educational expenses for the minor child.
Alimony/Spousal Maintenance
If you are entitled to alimony or obligated to pay, your bronx high net worth lawyer can help. Our attorneys will work to make certain that you’re not paying too much if you are the one who has to pay. On the other side of the coin, your lawyer can help you make sure your ex-spouse is not concealing income and assets and preventing you from receiving the correct amount of alimony in the event of a divorce.
If you have already been receiving alimony and your ex-spouse stops paying for some reason, Our Spodek Law Group attorneys can file motions with the court to hold your ex in contempt of court as well as file paperwork to ensure you are given regular alimony payments. This could mean:
If you’re paying alimony, your attorney’s job is to help you keep your payments down and help you end them as soon as possible. Our attorneys work to reveal any secrets your ex may be concealing, such as a new marriage that wasn’t reported to the court, or even a spouse who has the capacity to earn a good living but refuses to do so in order to continue getting your payments.
Why Work With Us
When you work with Our team of experienced bronx high net worth attorneys, we’re prepared to put our experience to work in order to ensure that you receive the best possible outcome in your case. Our work is detail oriented but also narrowly tailored to be cost-effective and efficient. If you’re facing a legal matter in the bronx or anywhere in New York, we invite you to contact us.
Can I sue the other woman for destroying my marriage?
Wanting to blame someone else for the end of a marriage is a common feeling. This is especially true if cheating or adultery is the primary cause of the relationship falling apart. There are some legal grounds for filing a lawsuit against another person in this situation, but only a few states still have these laws. You must file for divorce in a state that has the applicable law in order to bring a legal suit against the third party you deem at fault.
The first legal means of suing another person is to accuse them of criminal conversation. Despite the name, this has nothing to do with a real criminal activity. Since the lawsuit is filed in civil court and not in criminal court, the defendant will not face any criminal charges or punishments, even if they lose the suit. They will have to pay damages depending on the circumstances of the case and the suit.
Winning a criminal conversation suit has to do primarily with proving a sexual relationship between your spouse and the third party. This proof must be solid and legally obtained. Most people will use a private investigator for this purpose. They must obtain proof of actual sexual relations. Simply proving the spouse was close friends or affectionate with the other person is not enough. It is also not possible to sue a business or certain activities that would indicate sexual conduct. For example, you cannot sue a gentleman’s club or use a visit to such a club as grounds for criminal conversation.
There are a few other technicalities that will need to be true as well:
The statute of limitations begins on the date the sexual acts you can prove took place.
Alienation of Affection
The second grounds for suing another person for ending the marriage is for alienation of affection. This is a broader charge because you don’t have to prove adultery or sexual relations of any kind. Any action that could reasonably be considered disruptive to the marriage could be grounds for alienation of affection.
That said, there are still some things you would need to prove about your marriage for this charge to be successful. First, you must show that you and your spouse had a loving marriage and that there was genuine affection prior to the alleged alienation. It stands to reason that somewhat cannot be guilty of alienation of affection if there was no affection in the first place. You must also prove that whatever the other person did directly caused damage to the marriage and a loss of affection and that you suffered some sort of damage yourself as a result. This damage could be financial, physical or emotional. Sometimes proving a direct cause and effect is tricky, and it is something to discuss with Our attorneys after examining all of the available evidence.
One important point about alienation of affection is that it does not have to involve an extramarital affair or lover. Anyone who could reasonably influence your spouse’s feelings about the marriage could be guilty. This includes therapists, clergy who provided marital advice and even other family members.
Damages Awarded
If you are able to make a case for either of the above grounds, then you would be awarded applicable damages in the lawsuit. This can include monetary amounts for:
These costs can be difficult to calculate, so the awarded damages are generally based on a person’s ability to argue their case.
Some jurisdictions have caps on the damages that can be awarded in such a lawsuit. These caps vary by jurisdiction. Other jurisdictions allow extra money to be gained via punitive damages. Punitive damages are more difficult obtain and prove, and they are awarded as an extra punishment to the defendant for exceptional wrongdoing. If the other person acted maliciously or with an overt attempt to harm you, then they could be charged punitive damages.
While these kinds of lawsuits are rare, they do occur in the jurisdictions where they are allowed. It is always important to make a strong case when bridging such a lawsuit and be able to provide evidence to support all claims. Our attorneys may be able to help with preparing and presenting such a lawsuit in court.
Family problems that lead to the dissolution of a marriage, custody disputes, as well as problems after divorce are generally overwhelming. What’s more; a divorce that involves significant assets can be more complex. Our Spodek Law Group Bronx high net worth divorce lawyers help to preserve their customer’s assets, including the lifestyle they value. These attorneys respond with dedication and handle high net worth divorces and matters that relate to it in the right manner.
Do you own substantial assets and property, perhaps including rights of ownership to a business, numerous real estate pieces, and investment accounts? If you are undergoing a divorce, it is essential to work with Our Spodek Law Group Bronx high net worth divorce lawyer. Couples who have substantial financial assets and are facing a divorce need highly skilled and knowledgeable attorneys to ensure that their financial matters are protected. A divorce lawyer can assist you to navigate the complex problems such as property settlement and spousal support.
High net divorces are very complicated. This is because they involve couples who shared business assets, accounts, multiple properties, investments, and high-valued assets. This is why it’s vital to hire a divorce attorney who can carefully consider the assets and properties that need to be separated and their appropriate value.
Bronx high net worth divorce lawyers use their accumulated years of knowledge to assist customers to attain their high net worth divorce objectives. Our Spodek Law Group attorneys serve clients in the Bronx, New York area, and are dedicated to utilize smart solutions that can preserve your wealth. When you choose to work with one of these attorneys, they will explain some smart options you should pursue as well as the likely outcome for your case.
Bronx high net worth divorce lawyers handle property division in divorces that involve a broad range of complex assets such as:
The more complex the holdings of the families are, the more technicalities Our attorneys will have to engage and the more the challenges they’ll have to overcome. One key element that can be used to avoid disputes that unnaturally lengthen divorce processes is conscious preparation and accounting. Assets need to be appropriately accounted for and valued. This task is not simple, but Our Spodek Law Group Bronx high net worth divorce lawyers have the required experience in handling such cases.
The research and preparation needed to examine and give the court a detailed accounting of such assets like offshore accounts, real estate holdings, businesses, and corporate concerns are time-consuming. This is the reason sometimes high net worth attorneys have to work with financial experts to easily locate and appraise assets as well as debts that might need to be divided during the divorce process.
Since assets in New York are divided under equitable distribution, the appropriate property procedures have to be followed with legal representation. Divorce attorneys who lack the expertise cannot negotiate with your partner and ensure that your financial rights are protected adequately. Only Our Spodek Law Group Bronx high net worth divorce lawyer can negotiate and divide the assets equitably, ensuring that you don’t lose money.
Without the assistance of a reliable and experienced high net worth divorce lawyer, settlements will be valued incorrectly while assets will be distributed inappropriately. Mistakes like this necessitate modifications in the future, and this can be time-consuming and costly. Get the guidance you require to protect your estate and lifestyle.
Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.
Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.
Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.
Our divorce lawyers provide superior service, and results, with a white glove touch that few others can deliver.