High-asset divorce is a financially complicated situation that can leave one or both partners in a difficult state should mistakes be made. With multiple assets and a potentially extensive marital estate to divide, tensions can reach a fever pitch and make proper decisions difficult.
Taking control of your financial future starts with protecting yourself throughout the process and having an advocate ready to respond to challenges. The best option is to ensure you bring an experienced legal representative on board who understands the complexities of these processes. Otherwise, you may end up with deals or settlements that don’t serve your best interests now or in the future.
In Illinois, high-asset divorce cases can be a complicated and arduous process. Not only is there the personal anguish of a marital breakup, but the complexity of assets such as businesses, real estate, stocks, and other investments to divide can make it a long, drawn-out process. The stakes are even higher when financial security and future growth are at stake.
Typically, high-asset divorces include high-net-worth incomes ranging from millions to billions of dollars and multiple properties, investments, and more. With an experienced attorney with expertise in high-asset divorces, they can ensure that their client’s best interests are protected during this sensitive time.
Every couple brings its own unique needs and requirements to a divorce. Couples who are pursuing a divorce may consider the following elements:
High-asset divorces involve complex financial networks, making it imperative for couples to gather as much information as possible before filing for a divorce. Before the process begins, both parties should locate and protect vital financial documents such as tax returns, bank statements, and investments.
In addition, an awareness of the totality of assets – including any obscure or hidden assets – can be precious in keeping the proceedings amicable while protecting both parties financially. The more well-informed each party is when facing a high-asset divorce, the easier they can make sense of their detailed financial history and ultimately reach an agreeable settlement.
Knowing what property and assets each party has is a critical part of understanding the complete marital puzzle. For most couples, community or marital assets are anything earned or acquired during the marriage, but that can be modified by prenuptial agreements if stipulated.
For individuals, separate or non-marital property generally includes items such as:
SLG Family Law is the perfect place to turn if you are looking for quality, experienced advice to guide you through your high-asset divorce. Our attorneys have successfully represented clients from all walks of life with a focus on high-net-worth couples. Contact us today to schedule a consultation.
Chris did a great job listening and educated me throughout the process. He always kept my child's best interest as the focus.
I highly recommend Christopher Maurer to anyone in need of an experienced attorney. Mr. Maurer quickly assessed my situation with a divorce matter. He set forth a direct, clear path to secure my legal entitlements. Mr. Maurer consistently kept me informed during the process. His impressive grasp of the law…
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…
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