Dissolving any marriage can be a legally complex and emotional process. Couples with a high net worth or unique assets, however, tend to face additional difficulties when dissolving a marriage, making it especially important for these individuals to retain an experienced high net worth divorce attorney in Schaumburg before moving forward with the proceedings.
There is no specific definition of what qualifies as a high net worth divorce in Illinois. Similarly, there are no special laws that apply only to couples who have significant assets at their disposal. Instead, high asset couples must go through the same process as any other couple when dissolving their marriage. This includes the proper division of any of the couple’s marital assets, such as:
During a divorce, these types of assets are divided into marital and non-marital property, with the former referring to property that was acquired during the marriage and the latter referring to assets acquired by either party prior to the marriage or any:
Only marital property must be divided upon divorce, so the proper identification and characterization of all of a couple’s assets is of the utmost importance during a divorce.
Although there are no specific rules for high net worth divorces, there are a number of unique factors that couples must take into consideration when they own particularly valuable assets. For instance, many divorcing couples who find themselves in this situation must grapple with accounting for the potential value of future income streams provided by investments or performance compensation packages. High asset couples may also need to:
Fortunately, high asset divorce attorneys are uniquely equipped to handle these types of issues, making it especially important for divorcing couples who own significant or valuable assets, to retain an experienced legal team before proceeding with their claim.
To speak with a dedicated high net worth divorce attorney in Schaumburg who can help you navigate your own divorce, please call The Suburban Law Group, LLC, or complete one of our brief online contact forms today. We are standing by and eager to begin working with you through each step of your case.
Chris took good care of me during my case, answered all my questions, and wrapped things up in a timely fashion. He gave me peace of mind throughout the process. I was very happy with the results, and recommend him to all of my friends.
He was very informative. Gave detailed and concise answers to my questions. Most importantly, he talked to me and not at me. Something I truly appreciated..
Sarah represented me in modifying a complicated child support/joint parenting agreement. She did an exceptional job and guided me through every step of the process. She is very knowledgeable, dedicated and an excellent person to work with. She always promptly returned my calls/emails same day. She is so personable and…
She is a standout attorney. Attorney Nolan handled our Civil Union Dissolution. She really knows how to satisfy her client's needs. She was a great listener. Her promptness and attention to detail meant everything to our case. She presented options we had not concerned. A plus was her ability to…
Robert Boszko was outstanding ! When starting the divorce process, I went through every possible emotion. Robert, from start to finish was extremely calm, cool, and collected. He is extremely knowledgeable in his profession and truly cares about and wants the absolute best outcome for his client. There were a…
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