The end of a marriage is always a difficult time, but it can be especially complicated and stressful when there is a lot of money involved. If you find yourself in this situation, you’re going to want to work with a high net worth divorce attorney who can help you navigate the complex process. When there are more assets, the stakes are generally higher, and the process can be highly emotionally charged. If you need help, contact us today to schedule a consultation.
Why You Need a High Net Worth Divorce Attorney
A high net worth divorce is different from a regular divorce in a number of ways, and it’s important to choose an attorney who understands the unique challenges that come with these types of cases. Here’s why it’s so important to hire a lawyer who has experience with high net worth situations:
1. Complex Asset Division
In a high net worth divorce, there are often complex assets to be addressed including ones that cannot be divided or easily valued. These assets can include businesses, professional practices, real estate, investment portfolios, and more. An experienced divorce attorney will know how to navigate the treatment of these assets in a way that is fair to both parties involved.
2. Child Custody Issues
If you have children, child custody will be one of your top priorities during your divorce. A high net worth divorce attorney can help you create a parenting plan that takes into account your work schedule, travel requirements, and other factors.
3. Spousal Support Issues
In a high net worth divorce, maintenance or spousal support (sometimes known as alimony in other states) payments can be potentially very large. If you are the breadwinner in your family, you may be required to pay significant amounts of money to your ex-spouse every month. A high net worth divorce attorney can help you negotiate a fair spousal support arrangement that takes into account your income, expenses, and other important factors. If you have been the stay at home parent in such a marriage the thought of if or how you might secure your financial future can be frightening.
4. Tax implications
There are many tax implications to consider in a high net worth divorce. For example, some assets might generate substantial tax liability if they are liquidated.. You will also need to decide who will claim the children as dependents on their taxes. A high net worth divorce attorney can help you understand the tax implications of different decisions so that you can make the best choices for your future.
What You Can Expect When You Hire a Divorce Attorney
Myths and misinformation regarding the divorce process are commonplace. When you are going through a divorce, it is important to have an experienced advocate on your side. They can help you navigate the legal system, provide advice, and negotiate on your behalf. Here are some things that you can expect when you hire a divorce attorney.
This is your opportunity to get to know the attorney and see if they’re a good fit for your case. Be sure to come prepared with any questions you have about the process. Rest assured our experienced lawyers will have a good idea of the information a client needs to hear even if you feel like you don’t know what questions to ask.
Communicating With Your Attorney
It’s important to have an open and honest relationship with your attorney. Be sure to keep them updated on any developments in your case, and don’t hesitate to ask questions if you’re unsure about anything. Good communication is key to ensuring that your case goes as smoothly as possible.
Working With Other Professionals
In some cases, your divorce attorney may need to work with other professionals, such as therapists or financial experts. If this is the case, they will let you know so that you can be prepared for any additional costs that may be involved.
If your case goes to court, your divorce attorney will be by your side every step of the way. They’ll help you prepare for any appearances you need to make and be there to represent you in court.
Why You Should Hire Hogan Omidi, PC
Resolving divorce and family law matters can be a long, difficult process – one that takes an emotional toll on everyone involved. You want to hire a law firm that will work tirelessly to protect your interests and get the best possible outcome for you and your family. That’s where we come in:
- We have a proven track record of success. We have successfully represented clients in a wide variety of divorce and family law matters, both in and out of court.
- We are always prepared to go to trial. While many firms try to settle cases out of court because their lawyers are not comfortable in court, we prepare every case as if it will go to trial. This gives us leverage at the bargaining table and ensures that we are ready to protect our clients’ interests if the case does go to court.
- We understand the emotional toll that divorce and family law matters can take on our clients. We are here to support you every step of the way and help you navigate this difficult time in your life.
Contact us today to schedule your consultation.