Morrison Cohen Negotiates Hotly Contested Divorce Settlement
Morrison Cohen has successfully negotiated a hotly contested divorce settlement on behalf of its client, a high net worth businessman, who had a marriage of long duration. The assets involved were located in multiple jurisdictions and countries and necessitated the valuation of limited partnerships and closely held businesses, as well as implicating complex tax issues. The settlement included the equitable distribution of cash, other liquid assets, and real estate, and negotiations concerning the wife's future rights to health insurance, maintenance, and profits from potential sales of the husband's businesses. The settlement brings to a close a divorce action instituted by the wife against the husband in 2010.
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Our Individual Client Services Practice provides creative and effective personal, financial, charitable and tax planning to individual clients, closely-held family companies, foundations and charities.
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