When couples with a high net worth divorce, there are many additional challenges to overcome. These cases may require complex and aggressive litigation to reach a fair division of property and settlement agreements.
A Town and Country high-asset divorce lawyer at Jones Family Law Group has experience with these types of cases. Our renowned attorneys could help you reach a favorable outcome and fair settlement in your marriage dissolution.
Common Financial Problems in High-Asset Divorces
High-asset divorces often involve many challenges in reaching a fair settlement agreement. Some of the most common issues include the following:
- Determination of the value and equitable division of family-owned or other professional service businesses
- Consideration of prenuptial or postnuptial agreements
- Complex investments, hidden assets, and retirement accounts
- Legal obligations, liabilities, and tax consequences
- Determining the value and division of commercial real estate
- Complex employment compensation packages
Our skilled attorneys in Town and Country have experience successfully litigating high-asset divorce cases and could help you reach a fair agreement.
Asset Identification and Valuation
One of the first steps to take in high-asset divorce is to identify which property the Court considers to be marital property, and thus subject to an equitable division. This involves identifying which property you owned before you entered into the marriage, which property you acquired during the marriage (and how it was acquired), and whether any property was received via gift or inheritance.
After identifying how the property came to be, your high-asset divorce attorney will also need to determine its value. This could involve appraisals, valuations, tracing, and consultations with experts. Although the process can be time-consuming, proper assessment is crucial to reach an equitable division.
Equitable Distribution of Marital Property in Town and Country
The family courts use an equitable distribution method for dividing marital property and debt obligations. Under the guidance of the Missouri Revised Statute § 452.330, the family court will consider all types of property and assets, including personal property, financial assets, businesses, and real property.
The equitable distribution calculation splits the marital property based on many factors. While family laws in some states divide everything in half, the Missouri family courts divide property equitably, or fairly. A high-asset divorce lawyer at our firm could answer questions about state laws and handle the legal work on your behalf.
Spousal Support in High-Asset Divorces
Spousal support, also called alimony or maintenance, is common in high-asset divorce proceedings. If one spouse is financially dependent on the other, the laws in Missouri aim to ensure that both people enjoy the same quality of life as they did during the marriage. The order could require one of the divorcing spouses to support the other depending on the circumstances.
Call an Experienced High-Asset Divorce Attorney in Town and Country
Married couples, especially those married for many years, may accumulate wealth from businesses, personal and real property, investments, and more. When those marriages come to an end, negotiations and attempts to reach an agreement are often ongoing and contentious.
A Town and Country high-asset divorce lawyer understands the complex nature of the proceedings and could guide you through the process. Jones Family Law Group is prepared to review every option and help protect your legal rights and future. Call us today to get started.