High Asset Divorce Lawyers in Atlanta Simplifying Divorce Proceedings With Significant Assets
When most people think of a high-asset divorce, they imagine a celebrity or some other wealthy individual going through an acrimonious split. However, the truth is that high asset divorces can happen to anyone. Whether you are a stay-at-home mom or dad with substantial assets in your name only, or you and your spouse have built a business together, if you have significant assets at stake, it is important to get legal help.
The stress of a high-asset divorce can be overwhelming. If you are going through a high asset divorce, you are likely feeling a range of emotions, including anger, sadness, and confusion. You may feel like you are in the middle of a hurricane, and you can’t seem to catch your breath.
This is understandable. A high-asset divorce is not only emotionally draining, but it can also be very complex and time-consuming. You need an experienced attorney who understands the complex legal issues involved in high-asset divorce and who can help you navigate these waters.
At Atlanta Family Law Group LLC, we have extensive experience helping clients in high-asset divorces. We understand the stress that you are under, and we will do everything we can to help make the process as smooth as possible for you.
High-asset divorce lawyers in Atlanta, GA, at Atlanta Family Law Group LLC can help make the process less complicated as well as less stressful. They will work with you to protect your interests and ensure that you receive what you are entitled to. While no one wants to go through a divorce, if it is inevitable, it is best to do so with the help of an experienced lawyer. Contact us today at 404-738-5805 to schedule a consultation.
What is a High Asset Divorce?
A high-asset divorce is one in which the divorcing couple has significant assets, such as property, investments, businesses, and retirement accounts. In some cases, one spouse may have most of the assets, while in others, both spouses may have significant assets.
In a high-asset divorce, there are often more complex financial issues to sort out. For example, if you and your spouse own a business together, you will need to figure out how to divide the business fairly. You will also need to determine what will happen to any retirement accounts and other investments. If you have multiple homes, you will need to figure out who will get which property. In short, there can be many more complex financial issues in a high-asset divorce than in a typical divorce.
In a situation so highly contentious as divorce, things can become seemingly impossible to endure when you consider the potential high net worth financial situations involved. Couples who have a lot of money, property, bonds, businesses, and other financial considerations must deal with the complexities that they bring to a divorce. The divided marital assets involved in a case like this can be hard to get through. Sometimes bringing to light high-value assets, hidden assets, and business assets can complicate the legal processes.
Even in matters where the couple can amicably go through the divorce process, high net worth values bring a lot of problems that can lead to mistakes. Because of this, you need to recognize the need for a skilled Atlanta high-net-worth divorce attorney who can help you navigate the challenging process.
What is Considered High-Net-Worth?
High net worth is a term that signifies there are additional funds that a couple must come to an agreement on regarding the distribution of property. For instance, in a normal divorce, the couple may only have to worry about the financial value of their bank accounts, homes, cars, and assets within that home. For high net worth divorces, other factors can include:
Businesses that the couple owns together
- Stocks and bonds that pay out to both parties in the marriage
- Additional property for couples who have more than one home
When it comes to deciding who gets what, there are a lot of factors that a judge considers. If you are in a contentious position with your soon-to-be ex-spouse, and you cannot agree on who gets what, this process can be long and drawn out. You need to work with a legal professional who can help you determine what property is considered marital and what is considered separate.
If you can show that any of the assets in your high-net-worth divorce are separate property, it can help you keep them from being equitably divided in the divorce process.
Georgia family law courts will determine what is marital and separate property in your divorce case. The marital property belongs to both spouses and is typically gained after the two parties marry. Separate property is usually brought into the marriage by one spouse or can include gifts and inheritances solely left to one spouse.
How Do I Protect Assets in a High Net Worth Divorce?
One of the potential problems that can arise in a high-net-worth divorce is when one party tries to sell the property or otherwise devalue an asset to punish the other spouse or prohibit the other spouse from taking their fair share of the asset. To prevent this from occurring, you may want to require a temporary order that will protect your assets from being sold or destroyed by your other party. Many counties in Georgia have standing orders in place to prevent this type of behavior once your divorce is filed.
You should also take measures to keep track of all assets that you and your spouse own. This includes keeping records of bank accounts, property ownership, businesses, stocks and bonds, and any other valuables. If possible, you should also get copies of tax returns so that you can have a complete picture of the family’s finances.
Once you have gathered all this information, you need to work with an experienced high-asset divorce lawyer in Atlanta who can help you protect your interests. Your lawyer will be able to help you determine what assets are marital property and what assets are separate property. They can also help you negotiate a fair settlement with your spouse or take your case to court if necessary.
Your hard-earned assets are important, and you deserve to get your fair share in a divorce. Contact an experienced high-asset divorce lawyer at Atlanta Family Law Group LLC today to schedule a consultation.
Why Choose Atlanta Family Law Group LLC?
If you’re going through a divorce, you may be confused about the process and what comes next. That is not uncommon. We are here to help ensure that the stress of the divorce process is lessened.
For some divorcing couples, they are working out an agreement on who gets what can be more challenging than in a typical divorce. In a situation so highly contentious as divorce, things can become seemingly impossible to endure when you consider the potential high net worth financial situations involved.
You need skilled legal counsel who is focused on your best interest throughout the process and is willing to look into all assets—known and hidden. This is where our team at Atlanta Family Law Group LLC comes into play.
We understand how to find assets that may be hidden, and we use a variety of tools to help us accomplish this, including financial experts. Our family law lawyers have the experience you need on your side when it comes to high-net-worth divorce cases. We understand what is at stake and will do everything in our power to help you reach a fair resolution. Call us today at 404-738-5805 to discuss your case with an attorney. We offer a consultation so that you can get started on protecting your interests.