Potential complications of a high net worth divorce

On Behalf of | Aug 22, 2016 | High Asset Divorce |

Every divorce, regardless of financial circumstances, has the potential to drag on for many months or longer. When this happens, both parties can become frustrated with the process.

When you add a lot of assets into the equation, you end up with a high net worth divorce that can be difficult to put in the past. With both parties fighting for what they think they deserve, it may seem like the end will never come.

In addition to property division, there are many other disputes that can arise as the result of a high net worth divorce. For example, you need to take into consideration the types of assets you are receiving and the impact it will have on your tax situation.

Here are a few of the things that can complicate a high net worth divorce:

— Ownership of a business

— High value retirement accounts (including stocks and bonds)

— Real estate

— Inheritances

— Vacation homes

— Cars, boats, and other motor vehicles

— Furnishings

— Art and other valuables

When these assets come into play during a divorce, it’s only natural for both parties to take a hard line stance against settling.

If you find yourself in the middle of a high net worth divorce, don’t hesitate to contact our firm online or via phone. We have many years of experience helping people in your situation.

We know you are faced with many challenges, but remember this: we also know what it takes to put you on the right track and to help you receive everything you deserve.