June 5, 2021
High Net Worth Divorce Lawyer
No matter the circumstances, a divorce can result in a costly toll on every person’s finances and emotions — even more so with a high-net worth divorce. When a married couple parting ways has a substantial amount of assets, property, and income together, the stakes immediately become so much higher. Due to the complexity of high-net worth divorces, it is imperative that you hire a lawyer who knows how to carefully strategize in your favor.
Refrain From Making Emotional Decisions
Let’s face it, divorce is an emotional process. At the same time, it is also a very strategic and law-focused process as well. Emotions are going to come up, that is simply part of divorce. But how you handle them will be what is important. Your lawyer may suggest waiting until you have moments of calm before making certain decisions, so you don’t state a choice in haste and regret it later.
Correctly List Your Assets
Assets are categorized as either community or separate property. Only property that is deemed “community” will be divided. Couples with high-assets, however, may find it is more complicated than that. For instance, maybe your spouse had a business before the marriage. But then, amidst your marriage, community property was utilized to enhance the value of that business. Now, the business is seeming more like community property, and may be subject to division.
With that being said, it’s tempting to want to hide your assets. If the court or your ex finds out that you intentionally hid assets to safeguard them from being split up during divorce negotiations, it will not be taken lightly and it can seriously impact the outcome of your divorce settlement.
Hire a Lawyer Seasoned in High-Net Worth Divorces
Preparing for divorce is stressful enough. You will only be adding to it by not having reliable legal representation. The best action you can take at this time is finding a lawyer with vast experience in high-net worth divorces.
If you need a divorce lawyer now, don’t hesitate to contact a High Net Worth Divorce Lawyer near you, such as an experienced team member from Robinson & Hadeed.