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Asset Protection

Recent Posts in Asset Protection Category

  • 5 Common Mistakes to Avoid in a High Net Worth Divorce

    Divorce is difficult for anyone, but especially so for high net worth individuals and couples. High net worth divorces often require closer attention and more strenuous work to resolve disputes involving property and debt division, child support, and alimony. With so much at stake, you cannot afford to give any less than your all to the divorce process. It can be a painstaking, emotional, and ...
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  • Am I Stuck with My Partner's Debt if We Get a Divorce?

    Most New York couples have a staggering amount of marital debt. Mortgages, loans, car and credit card payments, etc. are all considered marital property if they were applied for jointly. These debts may not seem consequential when you are married, but in the event of divorce, it will come down to who is responsible for paying the outstanding bills. How Does the Court Decide to Divide Debt? When a ...
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  • Is Property Guardianship the Right Choice for Your Family?

    What happens to a person’s property once they get too old to care for it or become permanently incapacitated? In the state of New York, said person can grant a close friend or family member guardianship over their property to ensure nothing happens to it. The process of establishing property guardianship can get complicated; it’s important to have an attorney skilled in all matters of guardianship ...
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  • What You Need to Know About Guardianship

    New Your City Family Law Attorneys Can Help A guardianship is when a person is given the legal authority to make decisions for another person and may be established for a child, children, or an adult who cannot make decisions on his or her own. If a parent knows that they will be absent from a child’s life, or is terminally ill, that parent may set up a guardianship. You can also create an estate ...
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  • Postnuptial Agreements to Protect Your New Business

    If you and your partner are starting a business together, it is a good idea to create a legal document that has binding agreements for the business and assets in case something goes wrong. Creating a postnuptial agreement can protect both spouses and the business in the event of divorce. Our New York City family law attorneys can help with drafting a postnuptial agreement , so that you can enjoy ...
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  • Protecting Your Assets in a New York Divorce

    If you’re about to get a divorce , you’re probably concerned about the fate of your property – cash, real estate, investments, retirement funds, and even businesses. You are aware that divorce can affect all of these things, but do you know to what extent your assets will be affected? Is it true that a divorce would mean financial ruin or bankruptcy? In New York, is everything divided down the ...
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