A High Asset Divorce Involves Complex Financial Issues
If you are seeking a divorce in a high asset, high net worth financial situation, you need the representation of a skilled divorce attorney. You need an attorney who knows how to resolve your case through settlement, rather than long drawn-out court litigation. Time is of the essence in order to protect your property and finances in a high asset divorce. Spending months, or even longer, in court arguing about who gets what only serves to prolong the divorce process. This will put your assets at risk, and increase attorney fees.
You and your soon-to-be ex-spouse may own (separately or as community property) a primary home, one or more vacation homes, businesses, expensive artwork, cars, sports equipment, etc.
It’s likely that one or both of you are recipients of executive compensation, including:
- Stock options,
- Restricted stock,
- Employee stock purchase plan,
- Deferred compensation
- Nonqualified deferred compensation (NQDC) plan.
The divorce attorneys at Warren Major LLP will help you understand how each of your assets’ monetary benefit can be characterized, apportioned and divided appropriately and fairly.
Taking care of your children
High net worth, high asset financial matters are not the only things that have to be carefully considered at this time. If you have children, you’ll need an equitable and fair Child Custody and Visitation Agreement and determination of child support. Spousal support may also be part of the negotiation.
Before you and your ex can reach an agreement regarding child custody, it may be necessary to engage a psychologist to assess the needs of your children and you and your ex’s individual capabilities to meet those needs. A psychologist may also need to testify in court to support your position of what you think will be best for them.
The highly regarded family law attorneys at Warren Major LLP can help you understand how to adequately provide for your children and divide your high net worth assets as equitably and painlessly as possible, so you can move on with your life. If necessary, our attorneys are ready to litigate on your behalf in family court to protect your interests.
Please contact us to discuss your high asset divorce situation.
Warren Major LLP