Des Peres High-Asset Divorce Lawyer

Dividing your property is a challenging and emotionally draining aspect of divorce. This is especially true in high-asset divorces that involve complicated or extensive assets, as placing a monetary value on these items is not always straightforward.

In this situation, it is crucial to work with a seasoned divorce attorney that has experience handling high-asset divorces. This is because couples that have accumulated substantial wealth face complex issues that most divorce cases (and lawyers) do not cover.

If you are facing the prospect of a high-asset divorce, the experienced team of attorneys at Jones Family Law Group, LLC, has you covered. An attorney from our firm can negotiate on your behalf, ensure an equitable division of assets, and advocate for your best interests. If your divorce cannot be settled through negotiation, we will tenaciously represent you in court.

Challenges in High-Asset Divorce Cases

On top of the usual complications that come with any divorce, couples with substantial assets face an array of unique challenges. These challenges often involve the nature of the assets the couple holds. Some of the issues a Des Peres high-asset divorce attorney might be able to address include the following:

Valuation of Assets

While many couples deal with the challenge of placing a dollar value on their marital assets, this can be especially challenging for costly or rare assets. Unlike vehicles or residential real estate, it can be difficult to determine the value of assets like rare art, an extensive wine collection, commercial real estate, or closely-held businesses. This process requires a thorough evaluation, and in some situations, an attorney may enlist the guidance of experts in their field.

Disclosure Issues

As an attorney can further explain, many disputes in Des Peres high-asset divorces boil down to issues of disclosure. Both sides are required to fully disclose their financial situation before the court can divide their marital assets. This is important because the judge has an obligation to divide these assets equitably. If a spouse fails to fully disclose what they own or owe, it could result in a decree that is unfair or worse, one that is later set aside for failing to divide all of the assets and debts.

Liquidation Challenges

Disclosing and valuing an asset are only two steps in the process. Often one spouse is left with an illiquid asset of high value while the other spouse receives the liquid assets as an offset. Sometimes, it is not possible to resolve a high-asset divorce without liquidating some of the illiquid assets. The problem in some cases is that high-value assets can be difficult to liquidate given the low number of potential buyers available.

Tax Challenges

Often, high-value assets have unique and complicated tax issues associated with their value.  A skilled attorney must be able to recognize those tax implications and ensure that the court is made aware of them when determining value and dividing these marital assets.

How Could an Attorney Help?

Any divorce has the potential to be contentious, but high-asset divorces address issues that most other couples might never face. Given these unique challenges, it is important to rely on the guidance of experienced legal counsel throughout the entire process.

Because a couple’s most valuable assets are at stake, working with experienced legal counsel is critical. An attorney from our firm could provide seasoned advice and guide an individual through filing for divorce until the final petition is issued. From valuing expensive assets to navigating child support issues, the team at Jones Family Law Group, LLC, is here to ensure your best interests are protected.

Rely On a Des Peres High-Asset Divorce Attorney Today

When you and your spouse are considering a divorce, and you share valuable assets, it is critical that you seek legal counsel as soon as possible. You deserve to be treated fairly by the courts and have your property protected, and an attorney from our firm could work to ensure that happens.

Let a Des Peres high-asset divorce lawyer assist you from start to finish with your divorce case. Call Jones Family Law Group, LLC, today to get started.