High-net-worth divorces are more complex than standard divorce cases and involve couples with substantial wealth. They typically include real estate assets, businesses, luxury items, or offshore accounts.
This type of divorce requires a deeper analysis of finances and other unique challenges, which a divorce attorney can help you navigate. A hard-working and qualified Rochester high-asset divorce lawyer can provide you with the legal support and guidance you need and protect your interests throughout the process.
A high-asset divorce involves the dissolution of a marriage between a couple with substantial wealth and assets. This may include:
It generally involves property valued at approximately $1 million or more. Some examples of property owned by couples with a high net worth include the following:
An experienced Rochester high-asset divorce attorney can help determine a property’s value through appraisals and fair market consideration to ensure fair and equitable division.
A valuation of assets is often necessary to analyze the total amount of property in higher net-worth divorces. Reviewing the complete picture can be beneficial because divorces involving wealthy couples usually present more challenges when there is more money and property to consider. Careful analysis and valuation of property ensures each party knows the value of all the property before making crucial decisions.
Appraisals and financial analysis ensure equitable division of marital property and often limit disagreements. Investigators can search public records, court judgments, and tax liens to examine the entire picture and identify potential property and assets. Thorough asset valuation also provides information about the impacts of tax consequences for both parties during the divorce settlement.
To increase your chances of securing a favorable outcome, enlist the help of a dedicated attorney at Kohlmeyer Hagen, Law Office, Chtd.
The state follows a no-fault divorce system, meaning that a spouse does not need to submit evidence proving that the other person is at fault for ending the marital union. You can file a petition stating that the marriage is irretrievably broken and agree to divide the marital property equitably.
According to Minnesota Statutes ยง 518.06, an uncontested divorce occurs when one or both parties file the petition for dissolution of marriage and neither contests the divorce. A knowledgeable lawyer can help you file a petition and ensure it meets all legal requirements.
When marital estates hold higher assets, tracking and assessing the entire portfolio becomes more challenging. Additional services, such as auditors and professional financial investigators, may be required when disagreements arise. A contested divorce may occur when the couple cannot agree on one of the following issues:
Contested divorces are more common when there are high assets and disagreements between the couple that require court intervention. These cases are also often more stressful and time-consuming than uncontested divorces.
During a consultation, a high-asset divorce lawyer in Rochester can answer questions about state laws and processes and determine the best course of action for your specific case.
All legal separations and divorces are complex, challenging, and emotionally draining. When you add in substantial wealth, this only makes the process more stressful.
A skilled Rochester high-asset divorce lawyer understands the complexities of these cases and can guide you every step of the way while protecting your interests. Get in touch with us today to schedule a consultation and discuss your case.