Divorce is always complex and emotionally trying, but it can be even more challenging for couples with high net worth. There is often more at stake in these divorces, leading to increased animosity and a greater likelihood of litigation. If you are going through a high net-worth divorce, it is crucial to be prepared for the following issues:
Asset division: One of the most complex and contentious issues in any divorce, but especially in high net-worth divorces, is asset division. Each side will want to protect their assets and ensure they receive a fair share in the divorce.
Child custody: Child custody can also be a complicated issue to resolve, especially if there are significant assets at stake. Each parent will want what is best for their child, but they may also have different ideas about what that means. It is essential to come to an agreement that is in the child’s best interests.
Spousal support: Spousal support can also be an issue in high-net-worth divorces. One spouse may be ordered to pay spousal support to the other, depending on factors such as each spouse’s income and earning potential. Spousal support can be a contentious issue, so it is essential to have realistic expectations about what you may or may not receive.
Consequences with taxes: One of the most important things to remember during a divorce is that hiding or transferring assets to another person is a bad idea. Not only does it make it difficult to divide property during the divorce, but it can also have significant tax consequences. For those with substantial assets, it is imperative to be aware of the potential tax implications of hiding or transferring assets.
Prenuptial agreements: A prenuptial agreement, also known as a prenup, is a contract between two people who are about to be married. The purpose of the prenup is to protect each person’s assets in the event of a divorce. Prenups are particularly common among couples in which one person earns a significant income or has substantial assets.
If you are going through a high net-worth divorce, you must be prepared for the difficulties you may face. These include asset division, child custody, and spousal support. Divorce proceedings can be complex and emotionally charged, especially when a lot of money is at stake. Working with an experienced divorce attorney can help you navigate these issues and protect your interests.
At SLG Law, we have your best interests at heart and will fight for your and your family’s best interests. Contact us today for a free initial consultation regarding your high-net-worth divorce.
Very hardworking and thorough about everything. It was a long and difficult battle, but Mr. Boszko and his paralegal worked hard and did the best they could for me. Always returned calls and emails quickly enough, and was very dedicated to my case, however heavy his workload may have been.
A big thank you to Robert Boszko and Yana Beshta for their support and expertise during a contested divorce process. Their professionalism made a difficult situation manageable. Very pleased with the legal knowledge and follow through throughout the proceedings. Robert was confident and delivered on his promises. His knowledge of…
SLG Family Law was recommended by a friend and I am so glad we hired Robert Boszko to represent our father in his divorce. Robert was very thorough, was an expert in the law and proceedings and provided all the appropriate direction, paperwork and tutelage needed for a stressful process.…
Mr. Maurer is a top-notch attorney. He came on board during the latter part of my complex divorce, and it made all the difference. With his involvement, I finally found peace of mind, knowing my case was in capable hands. His impressive legal expertise, genuine care, and impeccable professionalism left…
Attorney Sara Nolan and Mackenzie were truly a God send in my life. They helped me navigate through the divorce process and were extremely knowledgeable. I am so glad I didn't have to go through this divorce process alone. If you are going through a divorce please reach out! You…
To request a consultation, please fill out all fields, and we will follow up with you momentarily to set up an appointment.