THE REPRESENTATION YOU NEED IN ORDER TO PROTECT YOUR FAMILY
Fort Collins High Net Worth Divorce Attorney
Divorces are contentious by their very nature. Some divorces, however, are more complicated than others. When a couple shares significant assets, dividing property requires a discreet and experienced hand. What are your options in a high net worth divorce?
High net worth divorces involve many issues that one might not encounter in a typical divorce scenario. Some of the most common include:
Prenuptial or Postnuptial Agreements
In marriages involving significant assets, prenuptial or postnuptial agreements are more common. These legal documents are still open to some interpretation, and may have a bearing on your ultimate divorce judgement.
Child Support and Alimony
Individuals with high incomes are often financially savvy, and it’s not uncommon for one member of a marriage to have a greater earning ability than the other. In this scenario, the higher earner may attempt to use creative accounting methods to limit his or her child support and alimony payments. A high income divorce attorney has a number of outside experts available for consultation, including financial accountants. We develop a clear picture of each person’s true assets and income to ensure the fair delivery of child support and alimony payments.
In a high asset divorce scenario, one or both parties may have entered the union with substantial wealth. The longer the marriage, the more likely it is for separate premarital wealth to commingle. This can make separate property claims a delicate matter, especially when the law presumes that community property should be subject to a 50/50 division. However, it is possible to ascertain separate property claims with the assistance of a skilled high asset divorce attorney.
Dividing Business Interests
It’s also not uncommon for high asset divorces to involve business interests, whether these are community (shared) or separate. The valuation and division of business interests in a divorce can be especially contentious. Determining business valuation and ensuring fair distribution of assets is essential in these cases.
If you own a business and are contemplating a divorce, it’s essential to seek highly skilled representation with experience in high asset divorce. Mishandling of valuation and division of business interests could represent a gross injustice to the losing party.
Other Common Considerations
There are several other types of important assets and considerations unique to high asset divorces, and these may involve separate or community property. Here are some examples:
- Retirement or pension plans
- Hidden assets (may be frozen through a temporary restraining order)
- Fine art
- Upscale furnishings
- Multiple homes or vacation property
- Real estate investments
- Pleasure craft such as boats or airplanes
If you and your spouse hold significant assets and you’re contemplating divorce, it’s essential to contact an attorney as soon as possible. A high asset divorce attorney can help you protect your best interests and will help with uncovering hidden assets, as well as the equitable and fair distribution of marital property.
Your first step is scheduling a free initial consultation with our firm. Contact us so we can provide a review of your legal options and help you determine your next course of action.