High-Net-Worth Divorce Lawyer in Albany
Serving Clients Throughout Upstate New York
Divorce can be an incredibly complex and nuanced matter, especially when you have substantial assets to divide. Individuals or couples who have obtained a high level of wealth and substantial assets often find it is extremely difficult to equitably divide this property, especially when it was procured or the value increased substantially during the course of the marriage. With over a decade of experience in family law, our team at Andrew H. Wood, Esq., PLLC takes pride in providing discreet, focused legal representation tailored to each of our clients and their unique asset portfolios.
Attorney Andrew H. Wood, Esq. has built his practice on placing clients first. As a firm, Andrew H. Wood, Esq., PLLC prioritizes clear communication, respect, and confidentiality, and that means giving each case the attention and discretion it deserves. Whether you’re dealing with spousal support negotiations or the added complexity of a marital agreement, we’re here to guide you through the process.
Trust an attorney with experience handling assets and other considerations for high-net-worth individuals. Call Andrew H. Wood, Esq., PLLC for a consultation. Our firm is proud to serve clients in Albany, Rotterdam, Schenectady, and throughout Albany County and Rensselaer County.
Trusted By Families Across the Capital Region
Real Experiences. Real Results.
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“He puts you at ease right away. I never felt judged for showing emotions or when needing information explained differently. There was no pressure to settle a particular way and he was fully capable and confident to go to trial.”- Former Client
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“During my divorce and child custody proceedings, Andrew was always available for me and kept me calm and focused during a most difficult time in my life. He treated me like a friend not a client.”- Joe G.
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“Andrew listened without judging, gave sound advice, and communicated effectively throughout the process. He showed empathy, kindness, and confidence. With Andrew and his team, you are not just a number.”- Former Client
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“I would highly recommend Andrew H. Wood for anyone going through a divorce. His confidence in handling this matter is evident throughout one of the most difficult situations life can throw at you.”- Brian S.
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“Andrew is professional, smart, and well respected by his colleagues. He eased my anxieties and fears. He handled my case with compassion and integrity and achieved a favorable result.”- Former Client
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“He got me through a very tough time -- and all in a very humane, validating and intelligent way -- and he got me what I required to have a serene and painless legal separation.”- Manish V.
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“I immediately knew Andrew was the perfect person for my case. As you can imagine, the divorce was emotional and difficult but Andrew was so compassionate and understanding. Honestly, he went above and beyond.”- Former Client
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“Andrew is an outstanding attorney. He understands his client's needs, he is respectful of your time and he doesn't waste it. He always had a sense of my priorities and I am so very thankful for the outcome.”- Former Client
Complex Assets in High-Net-Worth Cases
High net worth divorces present unique legal challenges that demand careful attention and expertise. One of the most significant factors in these cases is the division of marital property. New York’s equitable distribution laws (New York Domestic Relations Law § 236) require marital assets to be divided fairly, but not necessarily equally, based on factors like income, the length of the marriage, and each party’s contributions. However, clearly defining what is a marital asset and what is separate property is often a critical component of these proceedings.
For high-income couples, assets can include:
- Real estate holdings
- Business interests
- Retirement accounts
- Investments
- Intellectual property rights
- Luxury assets
Additional considerations, such as business ownership or tax considerations, also add layers of complexity. For instance, when a business is part of the marital estate, accurate valuation is crucial to ensure a fair division. Likewise, potential tax liabilities on assets like stocks or property can help avoid financial pitfalls. At Andrew H. Wood, Esq., PLLC, we have extensive experience working with financial professionals, accountants, and appraisers to protect your financial interests and secure ideal outcomes for you and your family.
Hidden Wealth & Protecting Assets
One essential topic that frequently comes up in high-net-worth divorce cases is hidden or undisclosed assets. Unfortunately, in some cases, one spouse may attempt to conceal wealth or assets through tools like offshore accounts, fraudulent transfers, or undervaluing property. Identifying these hidden assets requires a thorough investigation and often involves working with forensic accountants to ensure a complete accounting of all marital property.
New York law requires complete financial disclosure in divorce cases (Domestic Relations Law § 236(B)(2)(b)(1)), but this process can be complex and contentious. Accusations of hiding assets or misconduct should not be levied lightly, as courts take them extremely seriously. At Andrew H. Wood, Esq., PLLC, we have skill and experience when it comes to safeguarding your financial security. Whether this means tracing asset transfers or presenting evidence in court, you can trust us to take a thorough and comprehensive approach. If you suspect hidden assets or need help protecting your investments, reach out to us for guidance.
Your future deserves thoughtful and skilled representation. Contact us today by phone or use our convenient online form to schedule your personalized consultation.
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Client-Centered & Honest
From your consultation to the final outcome, we prioritize clear communication and collaboration.
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Thorough and Detail-Oriented
Every case is custom-tailored with care, precision, and a commitment to getting it right for your family.
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Respected & Experienced
With over 18 years of legal experience and multiple awards, Andrew Wood has a track record of trust.
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Compassionate Advocacy
You'll get a personal, empathetic approach, but when it’s time to fight, we're strategic and prepared.