Divorce is often an emotional and complicated process. However, if you are divorcing a high-net-worth business professional, such as a business executive, the divorce process can be much more complex, stressful, and, in some cases, contentious.
You would think that having more assets to divide would make the financial portion of divorce easier. However, that is usually not the case.
High net-worth divorces often involve a variety of assets, some of which may be held in international accounts or complex trusts. Higher incomes may also mean higher spousal maintenance and child support determinations that are often bitterly contested.
You must have an experienced divorce attorney in Denver by your side to ensure every asset is accounted for and properly valued and that the support and maintenance issues are decided fairly.
The complex property division lawyers at Hogan Omidi will help strategize equitable solutions to your divorce matters that protect your priorities. Our Denver family law attorneys have decades of experience successfully guiding clients through complex high-net-worth divorces, custody disputes, and property divisions and helping them move forward after divorce.
To schedule a consultation to discuss your divorce concerns, call us at (303) 691- 9600 or visit our contact page. We look forward to meeting you and helping you get the fair and equitable resolution you deserve.
High Net-Worth Divorces Are More Complex Than Others
High net-worth divorces have several millions of dollars worth of assets, such as properties, business assets, retirement accounts, trust funds, and investment portfolios.
Some things that make high-net-worth divorces different from others include:
- Many times, high-net-worth individuals wield great power and influence, which can make reaching a fair settlement more difficult, especially if the power and influence reside primarily with one of the spouses.
- In high-net-worth divorces, there is more to lose or gain, which can profoundly affect each spouse’s future financial situation.
- High-net-worth business professionals are likely to have assets or accounts that are more difficult to identify or understand.
- The tax implications of a high-net-worth divorce require careful consideration to protect each party’s interests. Liquidating assets can cause capital gains taxes, or other substantial tax burdens. However, a lawyer experienced with handling such cases will be aware of the steps that may be available to achieve a fair result without triggering unforeseen tax consequences.
- Child support determinations in these cases also require different considerations. The children of high-net-worth spouses may be accustomed to private schools and luxuries that most children do not.
- Spousal support in these cases is often hotly disputed. Whether larger support awards are or are not warranted will depend on many factors including the nature of the asset division.
The best way to protect your financial interests is to hire an experienced complex divorce attorney with the skills and resources to ensure all assets are identified and valued correctly, helping you receive a fair settlement.
If you are in a high-net-worth marriage and considering divorce, you need an experienced divorce attorney to guide you through the complexities of high-net-worth divorce litigation.
Contact Hogan Omidi Today
If you are considering a high-net-worth divorce, you need an experienced complex divorce attorney by your side.
The high-net-worth divorce attorneys at Hogan Omidi have decades of experience negotiating fair settlements for our clients. If an equitable settlement can not be negotiated, we will take your case to trial to get the justice you deserve.
Call us today or visit our contact page to schedule a consultation to discuss your concerns about high-net-worth divorce, custody, and property division.