Any divorce can be a complicated legal process. When the divorcing couple has a high net worth, the breakup will likely be more difficult as they seek to equitably divide the property. High asset divorces take time to resolve and have a greater chance of ending up in court. The right high asset divorce lawyer in Chicago could protect your legal interests while working towards a resolution of your case.
A couple with a high net worth has assets in various places that require equitable division. They include:
Beyond the sheer numbers, these divorces can also present challenges in locating and valuing the assets in the marital estate. High net worth divorces are usually much more than simply gathering all the account statements and dividing the assets. Two of the keys to obtaining a successful result and preparation and information. You need a high asset divorce attorney who does their homework.
First, you may need a business valuation expert to figure out a value. Asset valuation is often a matter of dispute between the parties, with each spouse coming to their own conclusion on how much something is worth.
Then, you may need a forensic accountant to be certain that the other spouse has disclosed all the assets. Finally, you would need the help of an accountant to figure out how the implications could affect your position. As you can see, this can be a time-consuming process with multiple areas of dispute to be resolved.
Each case may involve special circumstances. Some particularly challenging issues could include:
When it comes to a high asset divorce, equitable distribution does not necessarily mean equal. Both spouses will likely see their equitable shares differently, and there may be some work necessary to bridge the gap. We represent our clients vigorously, negotiating for your interests and fighting to protect them.
When dealing with a high asset divorce, you need a multidisciplinary legal team that can work with various experts as necessary in devising an overarching legal strategy to resolve your case. You also need an attorney who is ready, willing, and able to litigate your case if you cannot reach an equitable settlement agreement. At WARD FAMILY LAW, LLC, we can negotiate, mediate and litigate based on what your own individual case requires. We understand your need for privacy and discretion and will tailor our approach to your specific circumstances. Each case requires different legal measures, and we focus on the entire picture in providing you with advice.
At WARD FAMILY LAW, LLC, we are experienced attorneys who can handle difficult divorces. We work with you every step of the way, from the moment you come in the door until your divorce is final. Contact us to schedule your initial consultation. When significant assets are involved, you need legal counsel as early as possible.
Jennifer is a strategic thinker with a remarkable ability to anticipate and address potential challenges. Her attention to detail and thorough preparation were evident in every aspect of my paternity case. This meticulous approach translated into a successful resolution of establishing the father-child relationship and financial responsibility that comes with that. I felt well-represented both inside and outside the zoom courtroom.
I was referred to the firm for their expertise in handling complex business divisions during divorce proceedings. As someone entangled in a high-stakes divorce involving substantial business assets, I can attest to their unparalleled skill, strategic acumen, and unwavering commitment to securing the best possible outcome for their clients. From the business valuation to the creative distribution, thank you.
If you own a business or an interest in a business or stock options (or anything of real value related to a business) then you need to make sure that your divorce attorney knows what they’re doing. My first attorney had no idea and so I had to start over finding the right team that had extensive family law and divorce experience that I needed in Chicago. Their deep understanding of corporate structures, financial statements, and tax implications showcased a level of competence that instilled confidence throughout the entire process. They collaborated seamlessly with financial experts, forensic accountants, and other…
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