If you are preparing for or considering divorce and are worried about your high-valued assets, you may want to enlist the help of an experienced divorce attorney. There is no law defining these types of divorce, instead, such a divorce usually involves millions of dollars in assets. Furthermore, there are no standards or qualifications of high net worth, and it is very subjective. For these reasons, you should call an Atlanta high asset divorce lawyer to help you understand the types of assets that could be at stake in your case.
Prenuptial agreements are often created in marriages where a significant amount of money is at stake, as they determine how things will be divided and handled if a divorce occurs. A prenuptial agreement can make the divorce process go a lot more smoothly in high net worth divorce cases.
Assets such as closely held businesses, where only one party has a minority ownership interest, can cause issues when trying to settle or divide a marital estate. The courts usually do not have the authority to transfer that party’s interest in the company to the other spouse, so dividing the value thereof may be difficult if there are insufficient assets to offset this value. Other complexities that can happen in high asset divorces involve trusts or property that has been transferred into trusts. If the marital property is transferred into a trust and the marriage no longer owns it, that could subject the transferring party to claims of fraudulent transfer, breach of fiduciary duty, and more. A seasoned high asset divorce lawyer in Atlanta could advocate for an individual and help them with the process of dividing assets.
In the event that the couple’s assets involve international holdings or foreign assets, the law is in those jurisdictions would govern what can be done with those assets. Alternatively, having enough domestic assets to offset the international ones can make things easier. A divorce attorney representing the spouse without international holdings or foreign assets could ask for assets to offset that, such as domestic assets, alimony, promissory notes, and secured notes. An Atlanta high net worth divorce attorney could also get forensic accountants and business evaluation experts to trace the assets and conduct research to help ensure that there will not be an unequal distribution or understatement of the assets.
The courts usually consider inherited assets as non-marital property. However, if the inherited assets are placed in a jointly titled asset or are commingled with other marital assets, the courts would likely consider those as marital property.
Our skilled high asset divorce lawyers understand the complexities involved in representing high net worth individuals and managing the division of complex assets. If you are a business owner and/or high net worth individual, your divorce might impact:
The larger the assets, the higher the stakes. Therefore, it is important to have an attorney who is accustomed in handling these matters and is an experienced trial lawyer in the event contested litigation becomes necessary. High net worth divorces have intricacies that our attorneys are adept at maneuvering through, and our experience will help you come out of your divorce with the best possible outcome – prepared to start anew. Let a qualified attorney advocate on your behalf today.