Deciding to divorce is never easy. If you have a high net worth, your divorce can become even more complicated. That's why it's important to build a divorce team that can help you make educated decisions on your contested issues. In this blog post, our high asset divorce attorneys at Testa & Pagnanelli, LLC will discuss why you should consider including four individuals on your divorce team to consult on your case.
What is a Divorce Team?
If you have already filed or are considering divorce, it's important to have a team of experienced individuals in your corner, known as a divorce team. A divorce team can help you navigate the complicated divorce process and provide support and guidance throughout the entire process. Their main goal is to help you approach your complex issues with a clear and educated mindset to achieve the best possible outcome for your divorce. While every divorce is different, there are four individuals that we believe you might wish to include on your divorce team.
A Forensic Accountant or Analyst
If you or your spouse own a business or have complex financial assets, it's important to have a forensic accountant or analyst on your divorce team. A forensic accountant can help identify and value all of your divorce's assets and track any hidden income or assets. This is especially important in a high asset divorce, as it can help to ensure a fair division of marital assets.
Forensic accountants are typically involved in helping review the assets involved in the division of assets process. If you believe that assets are being hidden or misrepresented during the division of assets, your forensic accountant can help you uncover these assets or determine a more accurate valuation. They can also help you understand your expected financial position as you exit your marriage.
A Child Psychologist
If you have children, it's important to have a child psychologist on your divorce team. A child psychologist can help to assess the needs of your children and propose parenting plan elements that are in their best interests. They can also provide support to your children throughout the divorce process.
Divorce can be a period of turbulent change as you work toward ending your marriage. A therapist can be a resource for you as you work through your emotions and build coping methods to help you combat the negative feelings you may experience. They can also help you talk through the challenges you are facing through your divorce and promote positive discussion when negotiating with your spouse.
While seeing a therapist is not a mandatory requirement of divorce, beginning or continuing therapy might benefit your mental health while undergoing this major change.
If you and your spouse are having difficulty communicating, it's important to have a mediator on your divorce team. When negotiations hit a stalemate, and you still wish to work with your spouse, mediation might be in your best interest to create agreements that benefit both parties. A mediator can help to facilitate communication between the two parties and help to resolve any disagreements, especially when handling contested issues.
Your Family Comes First
When undergoing a divorce, getting the best advice possible can benefit your case and help you achieve the best possible outcome for your family. Our high asset divorce attorneys can guide you as your build your divorce team and prepare for the path ahead.
Get started today by scheduling a free consultation with our high asset divorce attorneys by calling us at (610) 365-4733 or contacting us online.