The division of a couple’s marital assets can be one of the most controversial and combative elements of the divorce process. If you and your spouse share many high-value and complex assets, letting a family law judge decide where they go or what happens to them could have disastrous consequences for all involved parties.
If your marital property includes large financial holdings, multifaceted business debts, or other high-value items, you can benefit greatly from a detail-oriented divorce attorney who is experienced in handling complex property divisions. A seasoned Rockville high-asset divorce lawyer can help your marital dissolution proceed as efficiently and equitably as possible.
Unique Challenges of High-Value Divorces in Rockville
Assets to be divided in a typical divorce include bank accounts, furniture, the marital home, and the parties’ vehicles, as well as retirement accounts and pensions. However, high-asset divorce cases tend to be much more complex and may involve:
- Numerous property holdings
- Stocks and other securities
- Pensions and valuable retirement plans
- Art pieces or antique furniture
- Luxury vehicles
- Valuation of businesses
Additionally, high-value divorces often involve the allocation of various business interests and obligations. One party may even end up completely divesting from their partial ownership of a business.
High-value debts can be just as tricky as high net worth assets to allocate between spouses and may require careful deliberation about which party bears more individual responsibility for each liability. Given the broad scope of assets that can be involved in high-value divorces, it is advisable to seek the help of an experienced attorney in our area.
How Does High-Value Property Division Work?
Once retained, a qualified lawyer can begin valuating high net worth marital property. This would include compiling an accurate record of what each asset is currently worth and how it is likely to depreciate over time. Throughout this process, an experienced legal professional can be trusted to maintain privileged confidentiality as well as discretion with sensitive financial details.
After a thorough valuation, one of our attorneys can identify which assets are likely to present challenges and suggest creative and effective solutions. Negotiations between parties can be a delicate and tenuous process, but legal guidance often helps facilitate compromise during mediation and otherwise. A qualified divorce attorney can also prioritize and advocate for the best interests of the individual they represent during the division of their high net worth assets.
Local legal assistance can also be beneficial when dealing with aspects of divorce that do not directly involve allocating marital property. For example, if a court orders alimony payments from one party in a high-asset marriage, a legal representative can advocate for a more fair division of assets to be taken into account. They can also negotiate for favorable custody arrangements, child support obligations, and adapt to the diverse issues that may arise in complex, high-asset divorce cases.
Work with a Rockville High-Asset Divorce Attorney
If your marriage involved high-value assets and debts, you should think carefully about who you want managing the division of that property. A lack of legal representation during high-stakes marriage dissolutions could cause details to go overlooked and your financial rights to be exploited.
If you want to increase your chances of securing a positive resolution to your high-value property division case, take the time to seek help from a Rockville high-asset divorce lawyer. Our firm has an established history of helping people in similar financial situations. Call today to speak with a representative about how a seasoned attorney can benefit your unique situation.