Fairfield County High Net Worth Divorce Attorney
Experienced Connecticut Attorney Handling High Net Worth Divorce
Divorces involving spouses with high net worth are similar to other types of divorce in a number of ways. Each couple facing divorce must agree on child custody, child or spousal support, and visitation arrangements. If one or both of you own a thriving small or large business, have significant assets, or enjoy a high income, the stakes in high net worth divorce become even higher.
It is important to retain counsel experienced with the complexities of high net worth divorce. Westport high net worth divorce lawyer Giustino Capodilupo has provided many husbands and wives with sound legal advice. This is important because the decisions you make now will impact your children and your net worth for a long time to come.
Contact us today for a confidential consultation about the issues surrounding the division of marital assets in our Ridgefield, Connecticut, law office.
The Complexities of High Net Worth Divorce
Did you and your spouse sign a postnuptial or prenuptial agreement that will now affect your divorce? Is either of you beneficiaries of a trust fund? Do you own a vacation home or commercial properties?
In high net worth divorce cases, lawyer Capodilupo works with an experienced forensic and tax accountant to establish the value of everything the two of you owned together, including complex property division, and retirement accounts. We establish values for a spouse's business interests, "golden parachute" agreement and trusts. We also work with divorce specialists to mitigate the tax consequences of your divorce.
Stamford Asset Protection Lawyer Helping Clients Preserve Assets and Provide for Their Futures in Fairfield County, Connecticut
Connecticut is a "no fault" divorce state. This means that in order to get divorced, you must affirm that the marriage is irretrievably broken. Connecticut law also promotes the best interests of the children in child custody and child support issues.
Attorney Capodilupo is happy to provide you with all the legal options available to you, including divorce mediation, negotiation, and litigation. Because our law office is small, we can give you the attention you need to divide marital assets, while protecting your interests and your children.
Contact us in our Ridgefield, Connecticut, offices by calling toll free 866-463-5144 or sending us an e-mail to set up an appointment.
Tax Consequences Attorney in Fairfield County
Skilled Attorney Handling the Tax Consequences of High Net Worth Connecticut Divorce
Helping Clients Plan Tax Strategy to Maximize Assets
Tax consequences must be considered in any divorce, especially in a high net worth divorce. Timing the release of assets may be critical, resulting in significant tax savings or tax liability.
We recommend you engage an experienced divorce and family attorney so that you understand your options, and can make wise decisions based on solid interpretation of the law.
For skilled counsel in planning tax consequences of divorce, call The Law Office of Giustino Capodilupo in Ridgefield, Connecticut, toll-free at 1-866-463-5144 or contact us via E-Mail.
We keep our practice small, so that we can give each client the specialized attention needed during the ups and downs of divorce.
Westport divorce attorney Giustino Capodilupo understands how difficult the issues of divorce can be. He has helped many families address the concerns surrounding child custody, child support and visitation to create agreements that serve everybody's best interests.
Untangling the Tax Consequences of Divorce
In looking at tax consequences of divorce, lawyer Capodilupo at The Law Office of Giustino Capodilupo considers the following issues:
- Division of marital property and assets
- Alimony, which is considered income for the person receiving it, and a tax deduction for the person paying it
- Transfer of retirement assets, including accounts, which normally does not create tax liability if transferred directly
- Employee bonuses
In order to analyze your financial picture, lawyer Capodilupo insists on creating a thorough analysis of your finances, including properties owned, retirement accounts and business assets. If your assets are high net worth, The Law Office of Giustino Capodilupo can help protect your interests, and keep more of what you have earned.
Contact Us for A Confidential Consultation
To schedule a meeting with attorney Capodilupo, call our law office in Ridgefield, Connecticut, toll-free at 1-866-463-5144 or contact us by sending an E-Mail.
Fairfield County Retirement Asset Valuation Attorney
Westport Attorney Handling Retirement Asset Valuation
Protecting Your Interests in High Net Worth Divorce
Dividing retirement assets in a high net worth divorce can be challenging. Because Connecticut is an equitable distribution state, retirement assets, like other marital assets must be divided. But how can you put a price tag on someone's retirement income?
Here at The Law Office of Giustino Capodilupo serving Fairfield County, Connecticut and the surrounding areas, we pride ourselves on providing sound legal counsel to clients considering high net worth divorce. We understand that you need to protect your interests, and preserve retirement assets and income for your life after the division of property mandated in divorce.
To schedule a confidential consultation with divorce attorney Giustino Capodilupo, call toll-free 1-866-463-5144 or send us an E-Mail.
Types of Retirement Assets
At The Law Office of Giustino Capodilupo, we believe that clients deserve unparalleled support and attention during a difficult time in their lives. You can count on attorney Giustino Capodilupo, who keeps his practice small so that he can be there for you when you need his experienced counsel most.
If Stamford divorce lawyer Capodilupo accepts you as a client, we help you gather information about your retirement accounts, including:
401K plans Employee Stock Ownership or ESOP plans Defined benefit pension plans
We find it very important to have a complete and accurate valuation of your retirement assets BEFORE entering negotiations. For that reason, we have access to a forensic accountant and a tax specialist to help us evaluate the worth of your retirement assets, so that we can recommend a wise course of action.
The Enron Effect in Retirement Planning and Marital Assets Division
When we evaluate your retirement accounts, our forensic accountant will also examine what percentage of your account is invested in your employer's stocks. By concentrating your assets, you may inadvertently be putting them at risk if your employer's profits fall fast.
We help clients assess the value of these retirement accounts, as well as their volatility. By providing complete information, we empower clients to make the best decisions now and down the road.
Contact Us for Experienced Retirement Assets Division Counsel
Call our Ridgefield, Connecticut, law office toll-free at 1-866-463-5144 or contact us by E-Mail to schedule a confidential consultation with lawyer Giustino Capodilupo.
Delayed Compensation Lawyer in Fairfield County
Retirement Accounts and Division of Marital Assets
What You Need to Know
If you are the primary wage earner in the marriage, you may be wondering whether or not you need to share the entire retirement income that was built during your marriage. If you are a stay-at-home parent in a marriage, you may be wondering whether your retirement is secure. The answer to both of those questions is — it depends.
Giustino Capodilupo is a Westport delayed compensation attorney who can answer your questions. When a couple divorces, the marital assets and liabilities are divided in an equitable manner. This division includes retirement accounts.
The factors that can complicate the division of retirement accounts include:
- The type of pension or account and the current value of the account
- The value of the account at retirement
- The age of retirement
- The client's retirement or lifestyle goals
Connecticut Deferred Compensation Attorney
At our law firm, we understand the feelings that surround retirement accounts. One of the feelings is fear. There is often fear of the unknown and of circumstances that are beyond one's control. Giustino Capodilupo is a Connecticut deferred compensation lawyer with experience handling divorces for high net worth individuals with complex retirement assets.
Please contact our law office for legal advice regarding your divorce or marital retirement assets. We have experience with the following:
- Rollovers or transfers of an IRA, 401(k), Keogh or Roth account
- Stock option plan current valuation or buy-out
- Consideration of severance packages
- Compensation for non-divisible retirement plans, such as certain types of pensions
- Limiting tax liability when transferring assets
In many instances, a Qualified Domestic Relations Order (QDRO) will be created, which will delineate how the retirement assets should be split when retirement age is reached. The court retains jurisdiction until the matter is completed.
Strong Advocacy for Your Legal Needs
To protect your retirement assets and answer any questions regarding delayed or deferred compensation, please call our law office at 866-463-5144, 203-403-6659 or send us an E-Mail. Giustino Capodilupo is a Westport delayed compensation attorney who would be glad to handle all your legal matters.
Maintain Your Lifestyle in Connecticut After a Divorce
Life After Divorce
Nearly everything is different after divorce, especially if children are involved. There is no spouse to consult if you want to make a major purchase — and also no spouse to help pay for it. When the children are with you, there is no other parent to "give in" to their requests if you say "no" — and also no parent to make them dinner if you're not feeling well.
As with much of life, there are advantages and disadvantages to any new situation.
Giustino Capodilupo is an experienced Westport family law attorney with legal and life experience. That experience helps us to manage expectations and provide realistic estimations of potential outcomes. One estimation that is nearly universal is that your lifestyle will most likely change after divorce. How it changes is largely in your hands.
Can You Maintain Your Lifestyle After Divorce?
One aspect of lifestyle that typically changes for both parties after divorce is their personal time. For the spouse with child custody, there may be less personal time and the reverse will be true for the non-custodial spouse.
At our law firm, we have seen that life after divorce typically includes a change in the financial situation. Even though one spouse may be paying alimony and child support, both spouses may need to make some adjustments. Consider the following lifestyle scenarios:
- Marital joint income of $80,000. Instead of making one mortgage payment, the joint income now must include double payments for housing and utilities. Perhaps a non-working spouse will need to find part-time or full-time employment and retirement will be delayed.
- Marital joint income of $160,000. As in the above scenario, the joint income is now paying for two households instead of one. If the couple was spending everything they made while married, they will need to either increase income or decrease spending after divorce.
- Marital joint income of $1.5 million. This couple may not need to make any lifestyle adjustments that are noticeable, but may still need to make some. Perhaps the most noticeable change will be the amount of time each spends with the children.
Strong Advocacy Throughout Stamford, Westport and the Rest of Fairfield County for Your Legal Needs
If you are concerned about maintaining your lifestyle after divorce, please call our Ridgefield, Connecticut, law office at 866-463-5144, 203-403-6659or send us an E-Mail. Giustino Capodilupo is a family lawyer who will work diligently to solve all of your legal issues.
Inheritance Attorney in Fairfield County
Protecting Your Inheritance and Your Children's
During a marriage a couple will typically combine their assets and consider everything as "ours." During a divorce, the opposite will happen and items once thought of as joint can be thought of as, "That's mine. Hands off."
Giustino Capodilupo is a Westport inheritance lawyer who will work to protect your inheritance and your interests during property division and divorce.
At our law office, we also work to protect future inheritance in the case of minor children and joint child custody.
Connecticut law gives the court jurisdiction to award assets to either party, even though they were a gift or inheritance. Contact our law office if you are concerned about losing gifts or your inheritance during divorce.
Stamford Inheritance Lawyer Looking Out for Your Interests
Although the court may consider an inheritance to be joint marital property, an inheritance is typically not considered a marital asset even though it might have been acquired during the marriage. There are some exceptions and the issue can become complicated.
Consider the following scenarios:
- If a wife was given a $20,000 cash gift from her parents and the couple used it to take an around-the-world trip, the wife could recover the portion of the inheritance that the husband spent. However, depending on the marital assets $10,000 may be recoverable.
- If the minor children receive an inheritance from the non-custodial parent's relatives, the custodial parent may have access to the inheritance if it is not protected in some manner. Contact our law firm to learn more.
- If one spouse received a gift that was used to start a business in which both spouses are equal partners, an attorney will be needed to protect your interest.
- If an inheritance is placed into co-ownership, such as a stock purchase or other investment vehicle, the inheritance may be subject to division.
Connecticut Inheritance Dispute Attorney Providing Strong Advocacy for Your Legal Needs
To protect your inheritance or gifts and those of your children, please call our law office at 866-463-5144, 203-403-6659 or send us an E-Mail. Giustino Capodilupo would be glad to handle all your legal matters.
Fairfield County Hidden Assets Attorney
Marital Assets Not Fully Disclosed? We Can Help
When a married couple has a high net worth, or a married couple has been together for a very long time, the marital assets can become complicated. In some cases, only one spouse is aware of the location and nature of the assets that can be held in multiple investments in the U.S. and in overseas accounts.
Giustino Capodilupo is an experienced Westport hidden assets lawyer who is adept at division of property and uncovering hidden assets.
Assets can be hidden either intentionally or unintentionally. Intentional non-disclosure of assets is marital fraud, which is a very serious offense in family law.
Connecticut Marital Assets Attorney
Non-disclosure of an asset is highly frowned upon by judges in family court. In some instances, a hidden asset during a divorce can result in jail time. Connecticut has a discovery process that must be followed during the divorce process. At our law office, we conduct a full inventory of marital assets and request items including:
- All bank statements
- Three years of tax returns
- Credit card statements
- Business records as appropriate
- Business asset valuation as needed
- Statements for retirement accounts and investments
- Statements or records for any overseas accounts
- Retirement asset valuation
Our Stamford hidden assets lawyer has experience working with forensic accountants and other financial experts in instances where it may be difficult to follow a path to ownership or other money trails.
During a divorce, the marital assets are divided, and prior to that they must all be disclosed. At that time other issues are considered such as inheritance and tax consequences.
Strong Advocacy for Your Legal Needs
If you believe your spouse may be hiding marital assets, you need an attorney with experience in complex property division and high net worth divorce. Please call our law office at 866-463-5144, 203-403-6659 or send us an E-Mail. Giustino Capodilupo would be glad to handle all your legal matters.
Property Division Lawyer Serving Fairfield County
Experienced Westport, Connecticut Divorce Attorney for Complex Financial Situations
In some divorces, the division of property can be handled with a pad of paper and a pencil. In other instances, property division may require a forensic accountant to untangle what has been woven together over time.
Giustino Capodilupo is a Westport property division attorney with experience accomplishing the division of marital assets for complex financial situations and high net worth couples.
In a divorce, child custody and spousal support can be modified after the divorce. The division of property is permanent (unless there are hidden assets or fraud is involved), so it is important to do it right.
Our law firm's experience includes the division of:
- Retirement plans and pensions
- Sole proprietorships
- Second homes
- Non-liquid assets including real estate
- Stock options
- Medical or dental practices
- Artwork collections
Business Valuations for Owners and Partners
On paper, a business ownership will typically include both spouses, even though one is an owner on paper and the other spouse may be an actual managing partner. Occasionally, there are owners or partners outside of the marriage. Our Ridgefield property division attorney has experience with business valuations as part of the division of marital property.
Stamford Complex Property Division Lawyer for High Net Worth Couples
It is important to know that an equitable distribution of assets is not a 50 percent split of every asset. Some assets are inherently different. Other assets may have emotional value for one spouse, but only financial value for the other spouse. At our law firm, our Connecticut complex property division lawyer looks at the big picture in terms of valuation of assets and liquidity as well as financial goals, lifestyle and future earning power.
In addition to the division of marital assets, marital debt must also be shared. Debt divisions will depend on a number of factors including the future earning power of each spouse. A spouse with significant earning power may agree to accept more of the debt in exchange for keeping more of the assets.
The more complex the financial situation, the more options are available to choose from in your search for an agreeable solution. An experienced attorney looking out for your best interests can be your guide through this complicated process.
Strong Advocacy for Your Legal Needs
If you have a family law need including the division of complex marital property, please call our law office at 866-463-5144, 203-403-6659 or send us an E-Mail. Giustino Capodilupo will work diligently to solve all your legal issues.
Fairfield County Business Asset Valuation Lawyer
Experienced Business Asset Valuation Attorney in Fairfield County, Connecticut
Helping Clients Keep Their Small or Large Businesses Going after Divorce
Divorce involving clients with high net worth can be challenging. Connecticut law demands that both husband and wife protect the best interests of their children. Attorney Giustino Capodilupo is ready to protect your financial and familial interests, so that you can continue to be involved in your children's lives, and enjoy a reasonable standard of living.
For a confidential consultation about business asset valuation and how it will affect your high net worth divorce, call The Law Office of Giustino Capodilupo in Ridgefield, Connecticut, at 203-403-6659 or toll-free at 1-866-463-5144.
In Connecticut, marital assets and debts must be divided fairly, though not necessarily 50 - 50, as they would be in a community property state such as California. All assets acquired during the marriage are subject to property division, including:
- Real estate, including the family home and vacation properties
- Business property, including rental properties
- Personal property, including antiques, art work and heirlooms
- Motor vehicles, including boats and motorhomes
- Financial assets such as retirement accounts
The Fine Art of Business Asset Valuation
At The Law Office of Giustino Capodilupo, we understand that you would like to keep your thriving small or large business going. After all, you need to support yourself and your children after the divorce.
We also represent spouses who may not know how the business operates, or even how much profit the business generates each year.
In order to promote your best interests, which may include court-ordered alimony, we call on our team of tax specialists and forensic accountants to place a value on your business assets, including stocks, benefit plans and hidden assets.
We also appraise marital assets, such as the family home, automobiles, jewelry, art collections, gun collections, etc., which must be divided in the divorce. Our goal is to gather all the important information needed to evaluate every business asset and then represent our client in negotiations or in litigation.
We Promote Your Best Interests for the Most Positive Outcome Possible.
For a confidential business asset appointment, call lawyer Giustino Capodilupo at his office in Ridgefield, Connecticut at 203-403-6659 or send us an E-Mail.