New York City high-net-worth divorce lawyer, Juan Luciano (https://divorcelawfirmnyc.com/how-does-high-asset-divorce-work-in-new-york/), of Juan Luciano Divorce Lawyer, has recently published a comprehensive article providing a deep dive into the workings of high asset divorce in the state of New York. The article titled, “How Does High Asset Divorce Work in New York?” serves as an invaluable resource for individuals contemplating divorce within an affluent marriage.
The New York City high-net-worth divorce lawyer delves into the complexities of ending a marriage with substantial assets. Luciano explains that the greater the number of assets involved, the more challenging the divorce can become. Questions arise regarding the distribution of condos, vacation homes, stocks, mutual funds, and bank account balances. Furthermore, the enforcement of pre-nuptial or post-nuptial agreements adds another layer to the process.
With his years of experience in this field, the New York City high-net-worth divorce lawyer elaborates on the concept of equitable distribution, a principle that governs New York divorce laws. According to Luciano, the division of assets in a divorce is not simply a 50/50 split. The court takes into account various factors before arriving at a fair conclusion.
The article also delves into complex issues that arise when one spouse owns a business, the penalties for hiding assets during a divorce, the importance of hiring a high asset divorce lawyer, and tips on choosing the right divorce attorney.
Speaking to the challenges of valuing businesses in a divorce, Luciano says, “If the business was established during a marriage, it is usually considered marital property and subject to equitable distribution split 50/50 for a marriage that is longer than seven years. Thus, it is important to know the value of the business.”
Luciano further highlights the severe penalties for hiding assets during a divorce. “In states like New York, hiding assets during a divorce is considered perjury—an act of lying under oath. The act of hiding assets not only undermines the legal process but also damages the trust between parties involved in the settlement.”
The release of this article underscores the commitment of Juan Luciano, a renowned New York City high-net-worth divorce lawyer, to provide insightful and practical advice on navigating high asset divorces in New York.
Readers are encouraged to delve into the full article to gain a comprehensive understanding of the high asset divorce process. The level of detail Juan Luciano provides in this piece is a testament to his depth of understanding of this complex area of law.
About Juan Luciano Divorce Lawyer:
Juan Luciano Divorce Lawyer is a leading law firm in New York City providing knowledgeable and practical legal advice on high-net-worth divorces. With years of experience in dealing with affluent clients, the firm’s primary aim is to equip individuals with the necessary tools and advice to navigate the complex landscape of high asset divorces. Led by Juan Luciano, the firm continues its commitment to uphold the principles of fairness and transparency in all its dealings.
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Phone: (212) 537-5859
Address:347 5th Ave #1003
City: New York
State: New York 10016
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Website: https://divorcelawfirmnyc.com/