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Unique considerations of a high asset divorce

A high asset divorce comes with some specific challenges that we need to address. You can't go into these situations without having a plan in place because you don't want to accidentally make the wrong decisions. We can help you review the options that you have so that you can make the decisions you feel are best for your own situation.

One thing that is unique about some of these high asset divorces is that they come with the need to determine what is going to happen to a business. When this is the case, there are usually three options that you have. You may sell the business and share the profits. One spouse might buy out the other's share. You might continue to run the business and just set specific duties for each spouse.

No matter which option you exercise, you need to have everything set in a written contract so that you can refer to it down the road if necessary. We can help you ensure that you have things set the correct way and that the wording reflects the agreement you came to with your ex.

Another factor that makes these divorces challenging is that there are often high-value assets present. These might include art collections, real property and retirement accounts that all have to be divided. There may also be debts to split. We can help you work through this one item at a time so that you end up with an equitable settlement that benefits you as you start your new life.

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