Westport High Net Worth Divorce Lawyer

What Issues May Arise in a High Net Worth Divorce?

 

Couples with substantial assets may face several challenges during a divorce.  Individuals in high net worth divorces may have diverse compensation structures, including stock options or restricted stock units, carried interest, and perquisites.  Individuals employed by hedge funds or private equity firms are generally compensated differently than W-2 employees.  Due to these compensation structures, a forensic accountant may help determine such an employee’s actual income available for alimony and child support purposes.          

 

Additionally, high net worth couples often have a variety of assets, such as multiple homes, trusts, stock options or restricted stock, closely-held business or family business interests, retirement benefits, artwork, or antiques.  These types of assets may require expert analysis to determine their value.  This could be, for example, real estate appraisers or business evaluators.  

 

Do High Net Worth Divorces take Longer to Resolve?

 

Not necessarily; it depends on numerous factors.  

 

What Types of Documents are Disclosed in a High Net Worth Divorce?

 

In any Connecticut divorce, discovery is broad.  The goal is to achieve full transparency concerning the family’s finances.  

 

Mandatory discovery in Connecticut includes documents related to an individual’s income, including income tax returns, W-2s, K-1s, and 1099s.  Additionally, documents related to a party’s financial accounts, such as a bank, brokerage, and retirement accounts, must be produced.  When a high net worth divorce involves a trust, the trust instrument, account statements, records related to distributions, and income tax returns are also produced.  Finally, in situations where an individual has an interest in a business, related documents are produced.  These documents may include vesting schedules, Profit and Loss Statements, General Ledgers, projections, and income tax returns.  

 

Could my Employer be Subpoenaed in a High Net Worth Divorce?

 

Yes.  An employer, in any case, maybe subpoenaed to a Deposition or Trial to testify about compensation components and other job-related issues.   

 

Should I Participate in Mediation in a High Net Worth Divorce?

 

The Mediation format that typically works most efficiently and effectively for high net worth couples includes each party being represented by counsel and hiring a third party mediator to resolve any issues that remain in dispute after the parties have done their best to negotiate terms with their counsel. This generally occurs once a divorce action has been commenced and documentation has been exchanged. The parties and counsel will first attempt to work through parenting and financial issues. The third-party mediator is usually a retired family law judge or seasoned family law attorney. In this scenario, each party’s divorce lawyer will prepare a factual summary and proposed orders to submit in advance to the Mediator. Mediation is private and confidential as opposed to hearings or trials, which take place in a public courtroom.

Some couples may opt to attend Mediation in a different format, without counsel and generally prior to filing an action. In high net worth cases, this is sometimes less productive than the scenario outlined above, given that the finances may be complicated and beyond the specific understanding of one of the parties. Generally, parties in high net worth divorce cases are more comfortable having the input of experienced counsel to provide context and guidance.

  • Avatar Patricia Mennitt ★★★★★ 3 weeks ago
  • Patricia Mennitt ★★★★★
    Jaime was with me every step of the way. She supported me in all of my decisions and provided with names of experts that could help me with other aspects of the divorce such as a certified divorce financial analyst.
    Both Jaime and Eric
    … More made sure I knew all of my options and the consequences of any of my choices both financially and emotionally. They neither pushed me to go to court nor discouraged me; they did provide the pros and cons.
    They treated me with respect and never talked down to me. They understood the emotional aspects of coping with a contentious divorce. Their experience working with clients similar to my ex-husband was invaluable.
    I have a child with special needs. This complicates the divorce process. Jaime has experience in the ramifications this has on divorce and helped me navigate the necessary negotiations.
  • Avatar Teresa Rainieri ★★★★★ a month ago
  • Teresa Rainieri ★★★★★
    Nicole DiGiose was retained for an emergency situation. Her empathy and understanding of my priorities offered sustenance to myself and my family. Nicole’s representation and knowledge defended against unjust accusations and facilitated … More a resolution within a timely manner.
  • Avatar Rob Petersen ★★★★★ 4 months ago
  • Rob Petersen ★★★★★
    Nicole DiGoise represented me in a case where the gap to reach a settlement was pretty wide at the beginning. There is nobody that I can recommend more highly. Nicole is highly accountable, responsive, disciplined, reasonable and compassionate. … More And Nicole knows the law. Among other things, Nicole has run three marathons. She will be with you every step of your journey. She also knows when to engage the partners (in my case Carole Orland) who provided a deep bench of legal expertise and experience I know I couldn't find anyplace else. Nicole is a David who you can put against any Goliath. If I could give Nicole DiGoise and Carole Orland six stars, I would.
  • Avatar Amy Peterson ★★★★★ 5 months ago
  • Amy Peterson ★★★★★
    I switched after being treated horribly by another law firm. I told Carol Orland and Chris DeMatte that I just wanted to be treated as a human being. The level of care that the team treated me with was well beyond my expectations! I … More trusted the team with strategy and they kept the negotiations on a tight time frame that was simply unachievable by others. They were the quintessential professionals, and always one step ahead. I regret not having hired the team in the first place.
  • Avatar Ted Seides ★★★★★ 3 months ago
  • Ted Seides ★★★★★
    Eric and Nicole were terrific to work with, understood the issues, and got us to a conclusion. What more can you ask for?!!!
  • Avatar Damon Rein ★★★★★ 5 months ago
  • Damon Rein ★★★★★
    Eric Broder proved to be an excellent attorney. He was incredibly professional, responsive, super-smart, kind and ultimately got me a good, fair divorce settlement. I could not recommend him more highly.
  • Avatar amanda aaron ★★★★★ a year ago
  • amanda aaron ★★★★★
    Eric Broder and his firm are phenomenal. I refer clients with complicated legal issues involving custody and finances and he is able to thoroughly and thoughtfully work to accomplish clients' goals. I can't recommend him enough. … More His partner, Carole, is also fantastic; she is extremely capable and always prepared.
  • Avatar steve luttinger ★★★★★ 5 months ago
  • steve luttinger ★★★★★
    I have relied upon Eric Broder's counsel over the past several years to get me through contentious matrimonial issues. His astute legal and business advise helped me navigate difficult times. His legal strategies helped me mitigate … More complicated legal issues. He is a great lawyer and is easy to talk to. He listens closely to what you have to say. At the end of a long ordeal, I consider Eric a friend, who I can call when I need help.
  • Avatar kelly C ★★★★★ a year ago
  • kelly C ★★★★★
    Nicole and Carole were everything I needed them to be during a very difficult time... professional, knowledgeable, compassionate and kind. They guided me through what could have been a confusing process and made me feel comfortable and … More confident each step of the way.
  • Avatar Jennifer Mines ★★★★★ a year ago
  • Jennifer Mines ★★★★★
    When I reached out to Broder & Orland, I was still in shock from my situation. Chris DeMattie was a calm and compassionate voice of reason at every turn and he expertly navigated me through a difficult 14 months. He was smart, professional, … More prompt, efficient yet thorough, and always acted with integrity. His advice was measured, fair, creative when needed, and also realistic. Yet it always felt as though I was interacting with a trusted friend or colleague. I felt heard and validated- no question was too small or unreasonable (even when probably asked multiple times- thank you for the patience!). The financial settlement Chris successfully negotiated for me let me enter the next stage of my life with security, and the peace of mind of having him in my corner throughout the divorce process was priceless.
  • Avatar Ramy Saad ★★★★★ a year ago
  • Ramy Saad ★★★★★
    I worked with Eric Broder and Nicole DiGiose on a difficult divorce after mediation failed. Both Eric and Nicole gave me great advice and helped me settle the divorce as quickly as possible. Their underlying theme of “do the right thing” … More helped in logically making decisions rather than letting emotional responses continue to make a difficult process more painful for both me and my children. I appreciate their diligence and responsiveness with my issues. I have already recommended them to other friends in the same situation.
  • Avatar Jim Thimons ★★★★★ a year ago
  • Jim Thimons ★★★★★
    I had the pleasure of working with attorney Jaime Dursht on a complex issue that required both a high level of legal expertise as well extensive communications. She was the consummate professional in all regards and demonstrated a highly … More evolved knowledge of the law as well as a commitment to excellence in the resolution of the matter. It was a pleasure working with her and the team at Broder & Orland LLC