Divorce can be especially complicated for couples who have considerable wealth or own complex assets. Don’t put your fair share of your marital property at risk by hiring an attorney who doesn’t understand what’s at stake or how to effectively represent your needs. Instead, choose a team that has over a quarter-century of success in the field and a sterling reputation among their peers and legal organizations.
Contact Eisenberg & Spilman, PLLC, for an initial case evaluation with a seasoned high-asset divorce attorney serving Shelby Township. We can review your situation, advise you on the matters ahead, and explain how we would represent you throughout your proceedings. Let our skilled, brilliant, and effective lawyers protect your interests and assert your rights.
The stakes involved in a high-asset divorce are high, and you need knowledgeable legal representation with extensive experience representing clients in similar situations. Choose a divorce lawyer from Eisenberg & Spilman, PLLC, to guide you through your Shelby Township divorce case and advocate for your rights and interests because:
A high-asset divorce refers to a divorce where one or both spouses own significant wealth or earn high incomes, such that the couple’s assets or income reach seven figures or more. High-asset divorces involve unique considerations not found in other divorce cases due to the couple’s considerable financial wealth, which can make it harder to resolve the economic issues in a divorce. Complex assets may include vacation homes, investment properties, portfolio accounts, collectibles, antiques, and business interests. As a result, the financial stakes in a divorce of a high-net-worth couple can cause challenges not faced by other couples.
Divorcing couples in Shelby Township who own substantial wealth or earn significant incomes may face unique challenges that other divorcing couples may not. Some of the top complexities of high-asset divorces include the following.
High-net-worth couples frequently have conflicts over property division in divorce, as spouses may dispute the classification of assets as marital or separate property or the value of marital assets. Spouses may need to hire expert appraisers to determine the value of their assets and assist with property division. Even with this professional help, couples can still get into conflicts over what constitutes a “fair” division of the marital estate, especially when one spouse serves as the primary breadwinner during the marriage.
High-asset divorces often involve litigation over alimony/spousal support, especially when the spouses have a significant earning disparity. One spouse may seek alimony for financial support as they develop the education, training, and work experience that enables them to improve their earning capacity or reenter the workforce after an extended absence from employment during marriage. Alimony can also become an issue in a high-asset divorce when a spouse seeks support to maintain a comparable standard of living they enjoyed during the marriage.
Child support principles seek to ensure that children benefit from both of their parents’ economic success. While courts typically use child support guidelines to meet this goal, they may choose to deviate from them when the parents involved have considerable financial resources. As a result, couples with minor children or children in post-secondary education may have legal disputes over child support.
Many high-asset divorces involve spouses who own business interests. Under certain circumstances, a spouse’s business interests may qualify as marital property subject to division. As a result, high-asset divorces can lead to complex legal issues or disputes as couples seek to divide a spouse’s business interests.
There are several challenges in dividing business interests, including valuing the spouse’s ownership interest, as business valuation typically requires expert financial analysis of the company’s financial records. Couples may also face legal obstacles in dividing a spouse’s business interests when their company’s governing documents or stockholder agreements restrict transfers of ownership interests.
High-asset divorce cases can involve allegations of a spouse concealing or transferring assets to hide them from the other spouse and the court. A spouse may seek to hide assets to avoid splitting marital assets with a spouse or to gain a financial advantage in litigation over economic issues like alimony or child support. Spouses may try to conceal assets through means such as:
When a case involves alleged hidden assets, the innocent spouse may need to retain forensic accountants and other experts to locate those assets and trace them back to the marital estate to show that they qualify for division.
High-asset couples frequently enter prenuptial or postnuptial agreements to settle economic issues before they ever begin contemplating divorce. However, disputes may arise over the enforceability of prenuptial or postnuptial agreements, particularly in cases that involve inadequate financial disclosures, lack of opportunity to seek legal counsel, coercion, or duress.
If you have a high-asset divorce, an attorney from Eisenberg & Spilman, PLLC, can help you preserve your rights and interests by:
If you and your spouse own substantial assets or earn high incomes, your divorce may involve exceptional circumstances that require highly experienced legal counsel to resolve. Contact Eisenberg & Spilman, PLLC today for a confidential consultation with a high-asset divorce attorney serving Shelby Township and find out how our firm can help you protect your legal and financial interests.