Clients in high net worth divorces are often in conflict regarding the appropriate amount of spousal maintenance. The statutory formula used by the courts imposes an income cap, which often results in a spousal maintenance amount well below the marital standard of living.
Going above the cap, ascertaining “what is income” and how much of it should be included in the maintenance calculation is often a hot-button issue that requires the participation of all of the clients’ financial professionals.
1. Quick recap on guideline maintenance calculation under the Domestic Relations Law
2. What is included as income, especially for HNW clients?
3. Going above the cap
4. Other factors to consider
About the Speaker
Paige Zandri is a founding partner at Artese Zandri PLLC, and is the firm’s lead mediator.
Paige brings to the firm her experience as a tax consultant for high net worth individuals prior to shifting her focus to representing clients in matrimonial and family law matters. She is trained and certified as a divorce mediator and helps clients untangle and reach agreements on complex issues involved in divorce, including equitable distribution of property, spousal support, child custody, child support and more. Paige also has extensive experience drafting and negotiating prenuptial, postnuptial and divorce settlement agreements. Paige’s tax background is particularly useful for clients who hold sophisticated assets with varying tax consequences that impact their value