The Boulder high net worth divorce attorneys with Hogan Omidi, PC, are well-versed in resolving cases involving high earners and complex property division matters. We also understand that when more property is involved, there are higher stakes. You need a law firm who will support you through this time and capably counsel you on all issues related to property division. We welcome you to reach out to us by contacting us online and requesting a confidential consultation with one of our Boulder high net worth divorce attorneys.
How Our Boulder High Net Worth Divorce Attorneys Can Help
Our skilled legal team has extensive experience handling complex assets and high net worth divorces. High earners often have significant assets that are subject to division such as business interests, real estate, retirement assets, stock and stock options, or marital debts. It is important that your attorney understands your situation fully, so that they may provide options that best suit your goals and financial interests.
At Hogan Omidi, PC, we can help with issues including:
Asset Tracing: Separate vs Marital Property
Colorado is an equitable distribution state, meaning that when a married couple divorces, their property must be fairly distributed. Equitable distribution does not necessarily mean an equal 50/50 split. This requires identifying all marital property, which is not limited to things titled in joint names. Marital property is generally all property except:
- Property acquired before marriage
- Property acquired with the proceeds from separate property
- Property excluded as separate property per a valid pre- or post-nuptial agreement
- Property received by gift or inheritance during the marriage
There are major exceptions when property acquired before marriage, or received via gift or inheritance increases in value during of the marriage. This increase in value is defined as martial and will need to be valued and considered in the asset division.
For high net worth couples, property distribution can be complicated. It may involve carefully assessing each piece of property, determining whether it is marital or separate property, and determining the value of it. This process may involve valuable property such as:
- Real estate
- Financial accounts
- Stock options and other stock-based benefits
- Deferred income arrangements
- Retirement benefits
Our Boulder lawyers will discuss your unique situation and make recommendations that align with your goals and financial interests.
Division of Marital Debt
Just as marital property must be equitably divided, so must marital debt. Debt incurred while married falls under the classification of marital obligation, but there are some circumstances where a 50/50 division is unfair. Our lawyers can explain your legal rights and obligations and can also assist you with enforcement action if your spouse does not follow the court’s orders.
Many high net worth individuals own businesses or have various business interests. We work with business valuation experts to determine the value of such holdings and how to fairly address the business upon divorce.
Real Estate Valuation
Our team has extensive experience determining values for real estate such as:
- Family homes
- Commercial buildings
- Vacation homes
- Rental properties
- Other real estate holdings
Division of Retirement Assets
Generally, retirement benefits that are earned during the marriage are subject to division. That does not mean they will be liquidated or that taxes or penalties will be involved. Our Boulder divorce attorneys can help you divide such assets fairly.
Locating Hidden Assets
In some high net worth divorce cases, a spouse may try to hide assets to prevent their spouse from getting a fair settlement. Our Boulder divorce attorneys can help track down hidden assets, such as:
- Financial accounts
- Cryptocurrency and other digital assets
- Real estate holdings in the names of companies or other individuals
- Assets held in other states or countries
- Financial accounts in offshore accounts
- Trust assets
- Assets that have been fraudulently transferred to third parties
- Deferred benefits
- Undervalued assets
We can use our investigative efforts and discovery tools to help identify hidden assets and ensure they are made part of the divorce settlement.
Spousal maintenance in high net worth divorce cases is an important and often contentious issue. While Colorado law provides an advisory formula for calculating maintenance, it tops out at $250,000. Maintenance for divorcing spouses with a combined gross income of over $250,000 may be determined by a judge unless an out-of-court agreement can be reached. Therefore, it is important to carefully weigh factors that affect maintenance determinations and argue your position to protect your financial future.
No High Net Worth Divorce Case Is Too Complicated for Us
If you are dealing with a high net worth divorce case, you need knowledgeable legal advocates in your corner. The founding partner at Hogan Omidi, PC, wrote the book on family law and that is the go-to reference for Colorado divorce cases. Our in-depth knowledge of the law can make all the difference in your case. We encourage you to contact us online to schedule a confidential consultation.