Brandon High-Asset Divorce Attorney
As you can imagine, not all marriages—and divorces—are created equal. While marital assets tend to consist of a home, vehicles, electronics, furniture, money in a bank account, and perhaps a retirement account, some marriages have complex assets. This is true in a high-asset divorce.
A high-asset divorce is considered to be one that is valued at $1 million or more. They may include complicated assets such the following:
- Business interests
- Real estate partnerships
- Tax benefits
- Stock options
- Deferred compensation
- Assets held in a trust
These assets are complex because it’s very difficult to split them in a divorce. They are intangible items with strict procedures involved. In some cases, the assets may need to be sold. Therefore, you need to be aware of the nuances involved in a high-asset divorce so you can be prepared, contact an experienced Brandon high-asset divorce attorney today.
What to Consider With a High Net Worth Divorce
High-asset divorces are tricky to navigate. Here’s what you can expect as well as what you should think about as you negotiate with your spouse on how to split your assets.
- Get a lawyer as soon as possible. An experienced family law attorney can help you come up with creative settlement options. There’s no need to split every asset 50/50. Your lawyer can help you understand the complexities of each asset and the desires of both parties so that the final settlement is one that has the best interests of everyone in mind.
- It will take time. Because there are more assets involved—and complex ones at that—you’ll need to be patient. Don’t expect your divorce to be finalized in under six months unless you have a prenuptial agreement in place outlining the details of how every asset will be divided in a divorce. Expect the process to take at least a year.
- Maintain a good relationship with your spouse. While it can be easy to be angry and spiteful, if you want to move on quickly, negotiation and compromise will be your best friends. Go into the process with a positive mindset and you’ll be able to streamline the process significantly, resulting in a quicker settlement and less stress involved.
- Know the law. Each state has different laws regarding asset division, so be realistic and know what to expect ahead of time. If you’re the primary wage earner, don’t expect to keep all your assets. Research the law and adjust your expectations accordingly.
Contact a Brandon Divorce Attorney Today
High net worth divorces involve many assets with a high value and this can lead to a lot of complications. Don’t handle these cases on your own. Make sure you have a knowledgeable lawyer on your side who can handle these complex divorce cases.
Stephanie Koether from Koether Law, P.A. can handle all your family law issues, including high asset divorces. We can help settle these cases quickly and get you the outcome you desire. Schedule a consultation by contacting our Brandon office today.