Arnold has handled many collaborative law cases representing clients with substantial assets and income, which have resulted in settlements meeting their reasonable needs. These clients include a real estate developer who expected to inherit $200 million, a former partner of a major Wall Street law firm with $400,000.00 of annual income and $5 million of assets, a commodities trader with $3.5 million of annual income and $6 million of assets, and an entrepreneur with $2 million of annual income and about $7 million of assets. No matter what your situation may be, Arnold is non-judgmental and will do his best to help you decide what the best course of action is for you.
Collaboration involving substantial marital assets and income
In a divorce case involving a couple with a disabled child, the collaborative process was used to resolve custody and visitation disputes thereby minimizing conflict and saving money. The parties – with approximately equal incomes – agreed to a shared custody arrangement. Father and mother have equal physical access to the child and equally divide the reasonable expenses for the child, rather than having a traditional custody/child support payment arrangement.
Couple with a disabled child
Representing the wife in a collaborative divorce, worked with financial expert, husband’s attorney and the parties in structuring reasonable maintenance for the wife’s support and helping her determine a new and rewarding career path. The collaborative process also helped restore the wife’s relationship with her teen-age daughter, who had become estranged from her mother.
Reasonable maintenance for wife’s support
Representing the husband and working as a team with the wife’s collaborative attorney, helped a couple resolve issues relating to the sale of the marital home as soon as possible so that they could equitably divide the net sale proceeds. With the attorneys’ help, the couple came up with a creative solution that worked for both of them to finance their child’s college education. The child was about to begin college at an out-of-state public university. The husband, who was approaching retirement age, moved to that state in order to get substantially less expensive in-state tuition rates. The wife waived spousal support in exchange for the husband’s waiver of separate property credits so that $400,000 in appreciated value of the husband’s separate inherited property was divided equally. This finely tailored settlement package worked for both parties.
Husband pays all college expenses and wife waives maintenance
In a case that initially began with Family Court litigation, the lawyers used collaborative techniques to get the parties to settle the Family Court case, then the subsequent divorce case was handled as a Collaborative Divorce. The husband suffered from severe depression, so the collaborative process was key to protecting his fragile mental health. The settlement included the wife’s permanent waiver of maintenance (alimony), in exchange for the husband’s waiver of valuable separate property credits with respect to his retirement funds; the retirement funds were divided equally.
Family Court litigation to Collaboration
In a case that began as a Collaborative Divorce, the respectful negotiations contributed to the parties’ reaching a meeting of the minds for a divorce settlement… and to their subsequent decision to discontinue the divorce negotiations and resume marriage counseling in an effort to save their marriage.
Collaboration to reconciliation of marriage
Represented husband who was a physician. This collaborative case involved complex issues including enhanced earning capacity of husband in a surgical specialty acquired during the marriage, and avoidance of double counting regarding possible distributive award based on said enhanced earning capacity and maintenance award to wife.
Collaboration involving physician
After discovering her husband had an eight year affair and spent $400,000 on his paramour, the wife (who was furious) commenced a collaborative divorce. The collaborative team (lawyers, financial specialist and divorce coach) helped this couple reach a meeting of the minds for settlement. Husband agreed to pay wife $200,000 (to reimburse wife for 50% of the $400,000 he spent on his girlfriend) in addition to the wife receiving her 50% share of the marital assets and maintenance for her support. Husband ended his affair, begged his wife for forgiveness and professed his love for her. To the collaborative team’s surprise, instead of having counsel draft final divorce papers, this couple has been going to marriage counseling for the past year in an effort to save their marriage.
Maybe a happy ending in a difficult collaborative case
Prior results do not guarantee similar outcome.