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High-Asset Divorce

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High Asset Divorce Lawyers

Most divorces involve complex issues. There could be a business involved, challenging custody issues, or even disagreements over spousal support. High asset divorces are those that deal with many assets of high value, such as multiple properties, businesses, or investment accounts. These assets are inherently difficult to value and split. If you are headed for a divorce of this type, reach out to a seasoned high asset divorce attorney as soon as possible. There are many actions your attorney can take to make this process easier and to ensure that your rights are protected.

What is a High Asset Divorce?

Nearly all divorce situations involve assets and debts that must be dealt with, such as vehicles, real estate, jewelry, or retirement accounts. High asset divorces involve assets such as:

  • Closely-held business interests
  • Life insurance
  • Stock options
  • Stock voting rights
  • Deferred compensation
  • Assets held in a trust
  • Real estate partnerships
  • Tax benefits such as a capital loss carry-forward

In such a divorce, it is essential that all assets are disclosed and appropriately valued before settlement attempts are made. Your experienced high asset divorce lawyer can help ensure all of your marital assets are accounted for and that your soon to be ex-spouse is not hiding valuable property. If you have a pre or post-nuptial agreement, your attorney can also help enforce it.

Equitable Distribution

Equitable distribution of your marital estate is not simple math, especially when there are complex considerations such as separate property or business assets.

The family law attorneys of Mahoney & Richmond, PLLC provide sophisticated counsel for divorces involving high incomes and complex assets. Our team approach provides the analysis and strategy to reach a practical and efficient settlement of your property and finances.

Our years of experience dealing specifically with family law and high-asset divorces places us in an excellent position for a favorable outcome of complicated matters.

We know these complex laws and have represented business owners, corporate executives, professionals, and other high earners in these types of cases.

Common Issues that Arise in a High-Asset Divorce:

  • Separate property vs. marital property.
  • Valuation of closely-held businesses.
  • The marital residence and other real estate.
  • Division of retirement benefits.
  • Deferred compensation.
  • Loans and debt.
  • Spousal support (alimony).
  • Premarital/Prenuptial agreements.

We guide you through the divorce process, preparing you for decision-making on the important issues: support, asset distribution, your children’s future, tax implications, business valuation tactics, best business practices, and the consequences of your decisions.

The Benefits of Hiring a High Asset Divorce Attorney

Not only can your lawyer make sure that all assets are being considered in a high asset divorce, but there are also several other benefits to hiring one. For example, your lawyer can provide you with:

  • Creative settlement options: To maximally address the financial interests of both spouses, attorneys can enlist the help of financial professionals. This will make it possible to craft creative solutions that both spouses are more likely to agree on. Keep in mind that due to the complex financial knowledge required, a judge is unlikely to be able to come up with these creative solutions if you file a contested divorce.
  • Combining divorce with estate planning: For some couples with high assets, especially those who have been married a substantial amount of time, now is a good time to do some estate planning. In your divorce, you can plan for your children or grandchildren to receive some of your assets or even leave a donation to charity. If both you and your spouse agree to combine estate planning with asset division in the divorce, an attorney dealing with trusts and assets can also be helpful.

Protect What is Yours with a High Asset Divorce Lawyer

With a high asset divorce, there is a lot at stake. You don’t want to place your assets in the hands of an inexperienced legal team. At Mahoney & Richmond, PLLC, we are devoted to providing our clients with the best outcome possible in their high asset divorce. Contact us today to schedule your consultation with one of our skilled high asset divorce lawyers. The sooner you reach out, the more we can help.

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