Divorce between wealthy couples can involve a complex web of assets and millions in annual spending and can resemble a high-stakes corporate liquidation. In Manhattan, couples might not realize their spending tops $1 million a year until they split, said Jacqueline Newman, an attorney with Berkman Bottger Newman & Schein in New York. Her clients, who often have assets of more than $20 million, have to contend with whether they can maintain their lifestyles after a divorce.
WSJ sat down with Newman, who explains how she approaches and settles these cases for New York City’s wealthy couples.
Chapters:
0:00 Divorce for the ultrafich
0:26 What is a high-net-worth divorce?
0:52 Working step-by-step on a new case
3:08 New expenses and settlement proposal
4:08 Additional divorce advice
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