Couples dealing with a high net worth divorce have the same issues other people do when they are divorcing. They face the same stresses and emotional turmoil that anyone would when their family is dissolving. Divorce can be complicated and expensive for all couples, but when there are significant financial assets in play, the stakes are even higher than normal and the process can quickly become hostile and impassioned.
When you have no prenuptial or ante-nuptial agreement in place, you could potentially face losing a significant portion of your net worth and so it is essential to have skilled legal representation throughout the process. Your counsel will help you to make sure that you are correctly valuing your assets so that you are well positioned to negotiate with your spouse. They will make sure to understand the origin of all the assets, possibly by hiring a forensic accountant and working with your accountant to make sure any agreements are done with a mind towards income tax consequences. Your divorce agreement may also require the consideration of child support and alimony if you are the breadwinner in the relationship. A skilled attorney can help you understand your rights and obligations with respect to these issues and help you reach a favorable divorce settlement.
From child custody and spousal support to dividing assets and debts to retirement accounts and business valuations – a high net worth divorce has the potential to create mass amounts of stress requiring lengthy negotiations. The Joseph Firm has your best interest at heart and will work with you to create the best outcome for you and your family.