Financial Advisor: How Do You Divorce A Millionaire?

In Custody

New York divorce attorney and Certified Divorce Financial Analyst Lisa Zeiderman was included in this recent Financial Advisor article by Karen DeMasters discussing how to divorce a millionaire. Specifically, Lisa talks about the biggest issues that financial advisors and lawyers often overlook:

“The biggest issue a financial advisor or lawyer confronts before a divorce is making sure neither spouse has all of the power over the money. If the husband or wife is saying the other spouse doesn’t care about finances and does not need to know what is going on, that is a warning sign that one spouse may not be dealing in good faith.”

“It is crucial to consider taxes when you value and divide these assets. In addition, too many divorcing spouses leave money on the negotiation table because their team of experts does not advise them properly about the tax consequences of exercising stock options.”

Read the full article here.

Lisa Zeiderman is Managing Partner at Miller, Zeiderman LLP. A New York Divorce Attorney, CFL and Certified Divorce Financial Analyst, she regularly handles complex financial and custody divorce matters for high net worth individuals with a goal of equitable distribution. Named a 2019 10 Best Family Law Attorney for Client Satisfaction by the American Institute of Family Law Attorneys, Ms. Zeiderman is also a founding member of the American Academy of Certified Financial Litigators and a member of the panel for Attorneys for Children.

In addition to authoring a well-read blog on Psychology Today, “Legal Matters: Understanding Mental Health Issues as They Apply to Divorce and Child Custody,” Ms. Zeiderman is regularly published in various legal publications and quoted on issues ranging from financial empowerment to tax issues to child custody.

Ms. Zeiderman, a Fordham University of Law graduate, also serves on two not for profit boards: Savvy Ladies, Inc., and LIFT, Legal Information for Families Today.

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