LAWYERS THAT SPECIALIZE IN HIGH NET WORTH DIVORCES

1. LAWYERS THAT SPECIALIZE IN HIGH NET WORTH DIVORCES When couples with large investments are heading for a divorce the stakes are normally high as a result of the tussle involved. Normally taking the divorce proceedings to court will end up costing more on both for both parties thus the viable alternative remains seeking uncontested divorces and mediation by the parties in order to ensure that at the end of the day no one leaves the table feeling cheated out of the divorce resolution. The concept of high net worth divorce also applies to couples who seek to divide huge amounts of money, businesses, diverse assets, properties and investments that are tied to their union. Divorce of this nature is not just handled by any divorce lawyer. Due to the complexity of the divorce, these cases are handled by lawyers with renowned expertise and who have also distinguished themselves in cases of this nature. These lawyers ensure that the following aspects of the divorce properly addressed in such way that both parties leave the table satisfied. Division of Marital Property Just like in every other divorce case, the division of the marital is sacrosanct. However, while dealing with a high net worth divorce case, the handling and division of marital properties have to be carried out by a lawyer who can professionally address all the complexity that comes with the vast assets and properties that are in contention. Also, he should be able to efficiently handle the complex tax issues that are inherent in these assets and properties. Furthermore, high net worth divorce attorney also put into consideration all the offshore accounts, vacation property, family businesses, and also stock options. These are issues that the normal divorce process does not dwell on. A smart high net worth divorce attorney can easily spot a situation where one of the parties is trying to hide an asset during the divorce process. He or she can also secure the necessary legal asset protection for a client. This is also something a typical divorce lawyer cannot offer to clients.

2. Division of Debt Most times while dealing with complex assets in divorce you are often faced with complex debts too. These debts must be divided alongside the marital assets. However, dividing these debts is a very complex issue that has to be handled by a lawyer that is highly proficient in such matter. Tax Implications The tax implication of dividing assets and properties between both parties also has to be put into serious consideration. This process is not something that an average divorce lawyer can address. The Process As rightly posited above in this article, the process of going through a high net worth divorce requires putting in place a lot of complex issues that will at the end of the day ensure that both parties come to a very satisfactory conclusion of their union. This is why you need an expert lawyer. Articles Source : http://3glawyer.com/lawyers-that-specialize-in-high-net-worth-divorces/