HIGH ASSET DIVORCE CASE
Definition of a High Asset Divorce:
This type of divorce case is a divorce in which the parties involved have significant assets, property, and/or income to divide. These cases can be complex. They require careful attention to detail, as well as a thorough understanding of the applicable laws and regulations. At first glance you may not think you belong in this category but think again. If you own a business, investments, retirements, etc., this could put you in this category and it is important to have expereinced attorneys like Hughes & Nelson Law helping you navigate this process.
Commonly Asked Questions
In a high asset divorce, there are often significant assets and property to divid, including real estate, investments, businesses, and retirement accounts. It is important to work with our attorneys who have experience in handling these types of assets and can help ensure that you recieve a fair distribution.
If one spouse earned significantly more than the other during the marriage, the lower-earning spouse may be entitled to spousal support. This can be a significant amount of money, particularly in high asset cases, and it is important to work with our attorneys to ensure a fair settlement.
If one or both spouses own a business, it may be necessary to have the business appraised to determine its value. This can be a complex process, particularly if the business has multiple owners or is publicly traded.
Yes, there can be signficant tax implications associated with the division of assets in a high asset divorce case. It is important to understand the tax consequences of every decision made in the divorce.
The discovery process can be particularly complex. This process involves exchanging information and doucments related to the parties’ assets and income, and it can be time-consuming and expensive.
Some people may not be aware but the filing of a divorce is public. In high asset divorce cases, there may be concerns about confidentiality, particularly if one or both the parties are public figures. When you work with our attorneys we understand these concerns and can help protect your privacy.
Warning: It is essential to exercise caution in these types of cases to avoid inadvertently entering into negotiations with the other party through seemingly innocuous text or email communications. To prevent any unintended consequences, it is highly advisable to seek our guidance at the earliest opportunity.