What is the cost of a Manhattan divorce? Although this question may seem insignificant to many, the cost of a Manhattan divorce can be very significant when you consider the consequences of not settling a family conflict amicably. A settlement will almost always result in a larger settlement amount. If the parties are unable to agree, there is no way for them to reach a compromise. Even if the parties are able to settle their differences in civilized ways, high courts tend to favor the plaintiff (the person who filed the divorce) over the defendant (the person being sued). It is important to seek the advice of a divorce lawyer who has experience.
There are two types of divorce: irreconcilable, which means that there was no way for the spouses to resolve their differences before filing divorce papers. And unreasonable differences, which means that the spouses’ problems were so severe and overwhelming that divorce is the only option. Manhattan divorce lawyers would advise couples in these cases not to attempt to settle their differences through marital counseling or mutual agreement before filing for divorce papers. These methods are only able to resolve about 30% of divorce cases. The second category, which includes unreasonable differences, will result in significant costs for a divorce lawyer with a high net worth.
The lawyer representing the plaintiff in high net-worth divorce proceedings will argue that his client has a high net wealth due to his stock portfolio, yacht, planes and yachts, art collection, and stock broker activity. The court will decide if the high-net worth divorcée can afford child custody, spousal or other child custody awards based on his income. Because it is not just the plaintiff’s money that is at stake, the court’s decision will be crucial. He ex-spouse may not be willing to share her husband’s wealth, or she might not want her child to receive a top-priced education. Her ex-boyfriend may not be able to live with her for the rest of her life.
If the wife is looking for a simple divorce, but the husband does not want child custody, the husband may tell his ex-wife he is open to sharing his assets in order to resolve the child custody dispute. The court could award custody to the plaintiff if this occurs. If the husband and wife want child custody, the court may award the plaintiff custody. However, high-net worth couples who are divorcing could enter into arbitration. They would meet with an impartial arbitrator to try and reach an agreement in arbitration. The husband and wife would agree on how much they could pay for child custody, spousal maintenance or any other type of child custody award. They would have to agree again before they could file for child custody.
High net worth divorce attorneys will help the plaintiff win the child custody litigation. They will also help the ex spouse not lose it. In Manhattan child custody proceedings, there are some rules. The court is trying maximize the income of its client while minimising the impact on the ex-wife’s life. The ex-wife could face a child custody case that could result in a large amount of legal fees. However, if she goes to a high-priced school or another form of elite therapy, this could mean that she will be responsible for these costs for many years.
A lawyer must convince the parents to accept mediation or arbitration if a dispute over child custody is likely to proceed to trial. Both parties must agree to end the litigation. This often means that both parties will need to agree to a settlement. A lawyer must also be able show that the custody agreement is in …