High Net Worth Divorce
When spouses decide that their marital problems cannot be resolved, they usually seek to permanently end their marriage with a divorce. The first thing that must be considered when contemplating a divorce is the well-being of any children involved. A divorce can have an economic impact on the couple and their children, and this is especially true when families have significant property and assets and are used to maintaining a certain lifestyle.
High net worth divorce cases can be incredibly complex, and it is helpful to address financial issues even before filing for divorce. At Chernoff Law, our skilled lawyers represent spouses during high net worth divorce proceedings with the utmost confidentiality and professionalism while protecting their interests.
Divorce and Finances
The decision to divorce can be a difficult one and there are major financial considerations that must be taken into account. A high net worth divorce may have significant tax-related consequences to the spouses, and therefore require careful tax planning and restructuring. An experienced divorce attorney can take the appropriate steps to ensure protection of assets during divorce proceedings. This usually requires an in-depth understanding of complex financial resources, and you must be confident that your attorney has the resources to handle the intricate details of a large estate.
In an uncontested divorce, the issues involving finance may be resolved more quickly than a
contested divorce. Disagreements over finances and other matters during a contested divorce may delay the conclusion of the marriage and involve long and expensive litigation. Some of the most difficult matters to settle in a high net worth divorce include
spousal maintenance and child support. Providing for children through
child support is important for maintaining a lifestyle that is familiar to the children. There is no substitute for the peace of mind that comes from knowing that an experienced attorney who understands the financial implications of a high net worth divorce is working for you. Our divorce lawyers can offer competent legal counsel to those in a high net worth divorce. Make an appointment today for a consultation!