From a legal standpoint, there is nothing fundamentally different about a high net worth divorce compared to any other divorce. If you and your spouse share considerable assets, however, you may find that your divorce will be far more complex than it might otherwise be. High net worth divorce cases often take far longer to complete and they also carry the potential for hotly contested litigation between spouses who are anxious to defend their stake in the marital estate. If you are preparing for a divorce and want proven legal representation to protect your fair share of the assets in the case, choose the experienced representation of Sansone Howell.
You have every right to want to safeguard your personal wealth during the process of your divorce. Whether you have worked hard to build up a business or a professional career, or if your wealth consists of family inheritances, you should be able to walk away from the divorce with everything that is rightfully yours. We make it our goal to ensure that your divorce leaves you with as much as possible in terms of personal assets so that you are in the best possible position to move on in your life.
The first step is determining what property is considered marital property vs. what is separate property. Only marital property is subject to equitable division.
After we have classified the property to determine what assets will be subject to division, it is next necessary to perform an exhaustive valuation of the estate. Sansone Howell retains the services of experts including certified public accountants, financial planners, counselors, investigators, and others to fully address the concerns in your case. Furthermore, we skillfully use the legal process of discovery to compel the other spouse to reveal any and all assets, such as:
- 401(k) and other retirement accounts
- Liquid assets
- Vehicles, homes, vacation properties
- Business ownership stakes
Based on what we find during the discovery process, we can work toward a negotiated settlement or a courtroom verdict that provides you with your share of the marital estate. We are relentless in our pursuit of information that will benefit your case. You can rely on our experience in handling high-asset divorce cases to help you achieve the best possible result.
The financial circumstances of each spouse at the conclusion of the divorce will also influence the decision concerning payment of alimony / spousal support. In many high net worth divorce cases, one of the spouses has been economically dependent on the other spouse during the marriage and will now require alimony payments to make the transition back to being financially self-sufficient.
Another consideration that frequently comes up in high net worth divorce is high-earner child support. If your monthly net income is in excess of the child support guidelines, you may be subject to a different set of calculations to determine how much you will be required to pay in support to the other parent.
High net worth individuals choose Sansone Howell because they know we can get results. To learn more about how we can help you protect your assets and resolve your divorce as quickly as possible, contact Sansone Howell now to schedule an initial consultation.