Advice for High Asset DivorcePublished: Dec 29, 2017 in Divorce
Written by Anthony Piccirilli
Divorce by itself can bring with it a range of difficult emotions without even considering the issue of money and property. High asset divorce also adds another set of challenges to be handled by both parties. There are complexities involved with accounting high-value assets, including what the couple has agreed to, or not agreed to, as marital property. Points of contention can be significant in resolving the final asset distribution to both parties.
If you and/or your spouse are a person of high net worth, your divorce may present significant challenges that require the involvement of a Pittsburgh divorce attorney well-versed in matters involving high asset distribution. There are sensitive and sometimes highly emotional issues that are not simple to solve – and the high-value of the assets involved can add to the complexity.
Obtaining the services of an attorney with experience, resources, and know-how in matters involving high asset divorce can help ensure you receive an optimal outcome when the process is finished. At Pittsburgh Divorce & Family Law, LLC, we offer intelligent representation to help you achieve a result that is fair.
To set up an initial, free consultation, contact us at (412) 471-5100 today.
Tips for Navigating High Net Worth Divorce
There are numerous considerations involved in a high net worth divorce. However, here are a few important tips to keep in mind.
- Locate All the Assets
Assets are generally considered as any item of value. These items can fall into a number of categories, including cars, homes, boats, properties, businesses, furniture, jewelry, artwork, guns, collectibles, and computers. It may take some searching and investigation to uncover all of the assets that pertain to a marriage.
Once all the assets are uncovered, a process must take place that determines how these assets are categorized – for instance, as marital property, separate property, or community property. Generally, assets or property that increases in value or earns income may be categorized as marital or community property. Other assets that one spouse owned prior to the marriage or inherited during the marriage may remain with that spouse after the divorce. You may require an attorney to help with part or all of the allocating process.
- Obtain a Lawyer
If your divorce involves significant, high-value assets, it’s important to retain your own experienced divorce attorney. An attorney can help you account for the benefits of your portion of the properties, assets, retirement accounts, stock holdings, and additional items associated with the marriage.
- Keep Court Filings Private
Privacy is an important matter to many high-wage earners and those with high-value assets. If you are involved in a high asset divorce, it may be important for you to keep sensitive information out of the public eye as much as possible. The court handling your case may allow some documents to be sealed, keeping them from exposure to anyone other than the parties involved in the case.
With your best interests in mind, an experienced and trustworthy attorney can help you maneuver through the financial complexities of your case.
Contact a Skilled Pittsburgh High Asset Divorce Attorney
If you’re going through a high net worth divorce, Pittsburgh Divorce & Family Law, LLC can help maneuver your case toward a fair conclusion. With your best interests in mind, experienced and trustworthy attorney Anthony Piccirilli can help you maneuver through the financial complexities of your case.