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High Asset Divorce Attorney
Trust Our Skilled Divorce Lawyers to Help
People usually consider those of high net worth to have at least $1 million in liquid assets available, which means they can turn it into cash at any given moment. High net worth individuals also tend to have complex financial portfolios, which can make divorce much more lengthy and complicated.
Property Division
One of the things that can make a high asset divorce particularly complicated is property and debt division. If the marriage didn’t begin with a prenuptial agreement, everything shared by both people during the course of the marriage is considered marital property or marital debt and is subject to be distributed to both partners equitably.
One of the ways to make this process go a little faster is to hire a forensic accountant and business valuation expert. These individuals are both trained to outline and value all your marital and separate assets so the divorce proceedings can be clarified. Forensic accountants can also assist if you suspect your spouse is hiding financial assets from you or the divorce court.
Divorce proceedings can affect some of the following:
Spousal Support
If you are the higher-earning spouse, the court may require you to pay spousal support. If your partner was dependent on you during the course of the marriage, he or she is likely to require spousal support following the divorce. The North Carolina General Statute Section 50-16.1A states a dependent spouse is one who is “actually substantially reliant on the other spouse for his or her maintenance and support or is substantially in need of maintenance and support from the other spouse.” The court will usually consider the following when making a decision regarding spousal support:
In cases of spousal support, marital misconduct will also be considered by the judge in determining how much, if any, post-separation support is necessary. The court will also determine the amount, duration, and manner of payment for spousal support in the long term.
Let Us Review Your Case
If you’re worried about how much you will lose in the divorce, talk to one of our experienced family law attorneys. We understand you may be under a significant amount of stress, so we work to understand what you’re going through when we advocate on your behalf. Our attorneys at Dummit Fradin are experienced in representing families through many different aspects of family law, both in court and in negotiations. Let us take a look at your case so we can offer you excellent legal advice and counsel you on the right approach to your situation. Our attorneys will be honest and straightforward about your situation. Let us see what we can do for you and your case.
Contact us at (877) 978-3218 or fill out our online form to schedule a confidential case consultation today.
Visit One of Our Office Locations
Winston-Salem
Criminal & Immigration Attorneys
1133 West First Street
Winston-Salem, NC 27101
(336) 485-4907
Winston-Salem
Family Law Attorneys
3400 Healy Drive
Winston-Salem, NC 27103
(336) 962-7221
Greensboro
Criminal & Family Law
328 E. Market Street
Greensboro, NC 27401
(336) 360-5528
High Point
Criminal & Injury Law
820 North Elm Street
High Point, NC 27262
(336) 814-8118
Our service area includes Forsyth County, Guilford County, Surry County, Stokes County, Yadkin County, Davie County, Davidson County, Randolph County, and Alamance County.