Erlich Law Office

Call Today (630) 538-5331
Call Today (630) 538-5331
Evening and weekend appointments available
  • Home
  • Attorney Profile
  • What we do
  • Testimonials
  • FAQ’s
  • Blog

Top Areas of Conflict in a High Net Worth Divorce

Denise Erlich Image avatar by Denise Erlich

Road to divorce sign, lawyers, custody, assets, and split signs

Asset identification and valuation, business assets, child support and spousal maintenance, nuptial agreements, taxes, and privacy are key conflict areas involved in a high asset divorce. High-value divorces are frequently aggressively contested and can be more difficult to litigate because the parties involved usually share substantial financial assets, investments, business assets, and multiple properties. Wealthy couples facing a divorce must work with a competent divorce attorney to safeguard their interests.

Asset Identification and Valuation

Identification and valuation of assets is a key conflict area in almost every high net worth divorce. The reason for conflict is that before assets are divided between the divorcing parties, they must first be identified and valued. Some separate assets may be deemed marital property due to their amount of appreciation.

Business Assets

Business assets are a fundamental part of marital property in many high-value divorce cases. These assets take the form of proprietorship, shares, or other business interests. All business assets must be identified and valued to ensure accurate valuation of the marital estate.

Child Support & Spousal Maintenance

Child support and spousal maintenance are usually important and contentious matters that require skillful negotiation, especially in a high asset divorce. Determining, presenting, and clearly defining the justifiable needs of the dependent party is important. Prioritizing the child’s best interests when making child support and custody decisions is also crucial.

Pre- and Post-Nuptials

While nuptial contracts cannot resolve any child issues, they are legally binding agreements between the involved parties that provide a formula for marital estate division in a divorce. Wealthy couples facing divorce may contest any pre-nuptial agreement or fiercely push for its enforcement with the help of an attorney.

Taxes

Some of the divorce-related financial transactions will be subject to tax. Things like business properties, real estate, benefit plans, and spousal maintenance may have tax consequences. A high asset divorce attorney can explain to a divorcing party how different payment structures affect tax and how to modify the structure properly to promote and safeguard his or her best interests.

Privacy and Confidentiality

A high asset divorce is more likely to go public compared to an ordinary divorce case. The reason for this is that wealthy individuals and prominent personalities can be deemed public figures that are frequently reported on, and their divorce proceedings may attract journalists. A divorce attorney can help a divorce party implement appropriate strategies to reduce unnecessary attention and protect his or her privacy.

Share Button

  • Family Law
    • Divorce
    • Child Support
    • Child Custody and Visitation
    • Spousal Support
    • Post-Decree Modification
    • Order of Protection
  • Business Litigation
  • Collaborative Law

Categories

  • Child Custody
  • Divorce
  • Family Law
  • Infographics
  • Spousal Maintenance (Alimony)
  • Uncategorized
  • Visitation
Denise Erlich Avvo Rating Denise Erlich avvo review Denise Erlich Avvo clients choice Denise Erlich Avvo clients choice

Archives

  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • December 2014
  • Home
  • Attorney Profile
  • What we do
  • Testimonials
  • FAQ’s
  • Blog

Experience. Trust. Results.

Erlich small logo
Erlich Law Office, LLC
One Lincoln Centre
18W140 Butterfield Road, Suite 1500

Oakbrook Terrace, IL 60181
Phone Number: (630) 538-5331
Fax Number: (630) 563-2424

Linkedin facebook

 

get driving button visa icon mastercard logo american express logo

Copyright © 2018 Erlich Law Office, LLC. All rights reserved.

Disclaimer | Privacy Policy

Site Map

LawFirm Websites by MarketJD