Divorces and legal separations involving high net worth individuals can be complicated for both property division and any child related issues. We take an approach similar to the division of a business partnership to minimize emotional distractions that can spur conflict and unnecessarily run up legal fees. While we will not hesitate to tenaciously advocate for our client’s interests, we recognize that people do not diligently accumulate their financial legacy only to have it frittered away in unnecessary and contentious litigation. We would rather you keep your assets than paying unreasonable attorneys fees.
Special Challenges Presented by High Asset Divorce
Many marital dissolutions involve a party who was the primary earner while the other party has less knowledge regarding the family’s finances and less access to details about the marital assets and liabilities. Both parties in such a relationship face serious challenges. If you were the higher earning spouse or you operated a business or professional practice, the breakdown of your marriage could threaten the future of your business, undermine your standard of living, and create financial uncertainty regarding your future. If your marital partner exercised primary responsibility for your family’s financial affairs and the management of your assets, you might face difficulties in accurately identifying and valuing your marital assets. These challenges are magnified if the other party to your divorce elects to divert, hide, or waste marital assets in violation of his or her disclosure obligations.
Our Webster & Garino LLC Indiana divorce lawyers have the experience and special knowledge required to navigate the complex asset valuation and discovery issues in divorces involving parties with a high net worth. Our attorneys work with forensic accountants, business valuation experts, and other financial experts to ensure that our clients benefit from a fair valuation of professional practices, businesses, or difficult to value assets.
While we work diligently to mitigate the cost of a contentious divorce, we recognize that certain issues or a recalcitrant spouse might preclude an amicable settlement. When a case involving complex property and debt division issues calls for tough litigation, we are prepared to fight for our client’s interests. We engage in extensive discovery to uncover obscured sources of income, reveal hidden assets, and expose waste or inappropriate expenditures. We also analyze the proper valuation method for businesses and hard to value assets. Common issues in high net worth divorces include: