Quatela Chimeri, PLLC

Exploring methods may help in New York high asset divorce cases

Marital disputes may lead many New York residents to decide to end their relationships, but unfortunately, that decision does not necessarily mean the disputes will end. Going through a high asset divorce may set individuals up for arguments and drawn-out legal battles as they work toward a settlement. However, if individuals end up with their desired goals, the process may seem worth the effort.

Two individuals in another state have been locked in a contentious divorce case for nearly a decade. Money is certainly playing a starring role in this case as millions of dollars are on the line. The fortune comes from the founder of Cancer Treatment Centers of America, and as part of the divorce, the man's ex-wife is hoping to receive $400,000 a month in alimony.

In a counter proposal to this request, the man's legal representation offered $9,000 in monthly support, $450,000 for housing and $4 million in jewelry. Though the woman filed for divorce eight years ago, the case only went to trial last year due to the inability to reach a private settlement. The judge presiding over the case has yet to make a decision regarding settlement outcomes.

Working through the many issues that can come along with a high asset divorce can prove difficult. Wealthy New York residents may have a particular concern that their divorce cases could also take up more time and money than they hope. However, each case is different, and individuals have a variety of options available for approaching their cases in the manner they find most fitting.

Source: Chicago Tribune, "Cancer Treatment Centers founder: Ex-wife trying to 'extort' money in divorce", Amanda Marrazzo, Aug. 9, 2017

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