Testa & Pagnanelli, LLC
Free Initial Consultation215-392-0863
  1. Home
  2. Blog

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.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Start Your Free Consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Office Locations

Philadelphia Office
1500 JFK Blvd, Suite 1020
Philadelphia, PA 19102

Toll Free: 866-201-1112
Phone: 215-392-0863
Philadelphia Law Office Map

Montgomery County Office
325 Swede Street
Suite 201
Norristown, PA 19401

Toll Free: 866-201-1112
Phone: 610-239-1000
Norristown Law Office Map

Radnor Office
150 N. Radnor Chester Road, Suite F-200
Radnor, PA 19087

Toll Free: 866-201-1112
Phone: 215-392-0863
Radnor Law Office Map