Things to Consider in a High Asset Divorce

Although a marital union may not last a lifetime, the financial consequences could last for what feels like forever. The more assets that are involved and the more complicated the divorce, the more you will need an attorney who is able to meet your unique needs.

Prenuptial Agreement

There are certain things that a high asset client can do to ensure that their finances are protected. One preliminary step a person can take is having the other person sign a prenuptial agreement. This signed agreement lays out what property and alimony the other spouse is entitled to in the event of a divorce. However, if an attorney does not ensure that every precaution is taken in the prenuptial agreement, this can also have a negative effect on the final divorce judgment. Thus it is beyond essential that the attorney preparing the prenuptial agreement understands everything about the individual and their finances.

Leave No Leaf Unturned

Whether you are a business owner who owns your own corporation or an owner of numerous vacation homes, you want to make sure that no leaf goes unturned. This includes a review of your potential tax responsibilities that may result when one divides assets. You must disclose and be aware of all your assets and liability when you meet with your divorce attorney, so you can ensure that all of your assets are protected.

It is essential that high asset clients do not listen to their friends advice regarding anything involving the divorce except for an attorney recommendation. Although you may run in the same circle you need to remember that your assets may look very different from those belonging to your friends. No two individuals have identical balance sheets. Where you may have a lot of your money invested in your business, they may have their money invested in personal property.

Protect Your Assets, Protect Your Future

If you think that you are about to be involved in a high-asset divorce, not only do you deserve an attorney who will protect your assets, but you need one who will ensure that your matter is resolved as efficiently as possible. Most importantly, we will be there to assist you throughout the process and make things go as smooth as possible. Do not hesitate to contact the Law Offices of Michael A. Robbins to set up an initial consultation. We are available by phone at 248-646-7980 or online.