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Wheaton High Net Worth Divorce Lawyer

DuPage County Law Firm Providing Legal Assistance in High Asset Divorce

Glendale Heights Complex Divorce Attorney

Dissolving a marriage and working out how to separate the various aspects of a couple's lives can be a formidable prospect. In cases where divorcing spouses have a high net worth, these tasks can become exponentially more complicated, requiring the assistance of a variety of experts that can help formulate a complete picture of a couple's assets and resolve any issues that may arise. At Anderson and Associates, P.C., our divorce attorneys have over 30 years of experience representing affluent clients, and we understand the intricacies of divorce law and the challenges that come with complex, high asset divorce cases.

Common Issues in High Asset Divorce

During the process of divorce, all marital assets must be defined, providing a complete and accurate summation of the property spouses own, the income they earn, and any debts they are responsible for. With this full understanding, spouses can work to reach a settlement for the division of marital property. During these negotiations, some common issues that arise in high net worth divorce cases include:

  • Unauthorized transference and hidden assets - One spouse may try to protect certain assets by transferring them to another person before or during the divorce, or they may try to conceal certain assets to avoid dividing them with the other spouse. In these cases, the services of a forensic accountant may be necessary to uncover any hidden assets.
  • Business valuation - Determining the marital portion of any business interests that either spouse owns may require the assistance of financial evaluators.
  • Investments and retirement accounts - Accountants or pension valuators may be needed to help calculate the value of any investment accounts and determine how to allocate the marital portion of these funds.
  • Premarital and postmarital agreements - If the spouses have a prenuptial or postnuptial agreement in place, the terms of these agreements must be evaluated when determining how to divide marital property.
  • Tax considerations - Complex assets can have significant tax implications for both spouses, so it is important to retain the services of an accountant to understand how the divorce settlement will affect both parties' taxes.
  • Child support and spousal maintenance - When one or both spouses earn a large income, the court may decide to deviate from the standard guidelines for determining child support or spousal support (alimony) payments.

Contact a Naperville Asset Protection Attorney

When working toward a resolution in a high asset divorce, you need a skilled advocate on your side to help you understand the issues that must be addressed and protect your rights. The experienced divorce attorneys at Anderson and Associates, P.C. can provide you with the legal assistance you need to obtain a full understanding of your assets and reach a fair and equitable settlement. Contact a Wheaton divorce lawyer today at 630-653-9400 to schedule an initial consultation.

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