High-asset divorces involve individuals with a high net worth and substantial property, assets, and valuables. These types of cases can be complex because they include the division of significant financial holdings. Additionally, one spouse’s earning capacity may be notably higher than the other’s, which can lead to complications.
Our firm’s high-asset divorce attorneys know how to handle the intricacies of high-net worth divorces. We can guide you through your case and help you meet challenges head-on.
What Is Unique About How-Asset Divorce Cases?
High-asset divorce cases can involve multiple properties, complicated banking and investment accounts, business holdings, and high-value luxury assets. High-asset divorces can also be high-conflict. All of these factors can make these cases more complex.
Some aspects of high-net-worth divorces that make them unique include:
- Asset evaluations – You will need experts to evaluate valuable assets, such as art, real estate, collectibles, and high-end vehicles. You may also need experts who can help you understand complicated financial documents that detail banking and retirement accounts and other holdings.
- Hidden assets – In a high-net-worth divorce, one party may try to conceal assets from another to protect them from division. Hiding assets is also a way to make income appear lower than it is to reduce spousal or child support payments.
- Taxes – The transfer of property or assets from one spouse to another during a divorce could result in tax consequences.
- Business interests – Spouses may have joint business interests and holdings. Dividing these can have financial and legal implications.
- Prenuptial and postnuptial agreements – High-asset divorces often involve pre- and postnuptial agreements that will factor into the divorce proceedings. Sometimes, spouses attempt to challenge or invalidate these agreements.
How Can You Protect Yourself During a High-Asset Divorce?
Naturally, you want to protect what you have worked for during your married life. If you have children, you also want to ensure their continued financial care. Doing the following can help you safeguard your rights during a high-asset divorce:
- Gather financial records – You should obtain copies of bank statements, property deeds, income tax returns, and investment and retirement account statements. You should make a thorough list of your property and assets.
- Document budgets – Document your and your spouse’s budgets during your marriage, as well as budgets for childcare and other needs related to your children.
- Be alert for signs of hidden assets – Unusual financial transactions, missing documents, and new bank accounts could all be signs of attempts to hide assets.
- Get legal help – Seek help from a lawyer with experience handling high-asset divorces.
What Can An Attorney Do to Help You?
Our firm’s high-net-worth divorce attorneys can help you address complex issues that may arise in your divorce case. We can also help you seek a resolution to your marriage that protects you and your future. We can:
- Help you obtain financial documents
- Obtain asset evaluations
- Review pre- or post-nuptial agreements
- Help you seek a custody arrangement that protects the best interests of your child
- Fight for the fair and equitable division of marital assets
- Protect your separate property (if applicable)
- Advocate for fair child or spousal support payments
- Communicate and negotiate with involved parties on your behalf
- Represent you during divorce proceedings
Contact An Experienced Divorce Lawyer With The Law Offices of Gildin & Chapman
The Law Offices of Gildin & Chapman understand what is at stake during a high-asset divorce. We handle complex litigation with a focus on the client. We are compassionate advocates and aggressive opponents. We act quickly and are prepared to respond to emergency situations.
Our legal team is here to evaluate your case and provide you with an honest, straightforward opinion. Contact us online or call today for a confidential consultation with a lawyer near you.
