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High Asset Divorce

Preserving Your wealth through divorce

Main takeaways:

• We strive to preserve your wealth and protect your assets in your divorce.
• Any assets acquired prior to the marriage (as opposed to during the marriage) will not be subject to distribution in divorce.
• There are a number of critical legal considerations in conducting a high net worth divorce. It is critical that your legal tam is headed by an attorney experienced with high asset cases.

THE DIFFERENCE BETWEEN DIVORCE AND HIGH ASSET DIVORCE

All divorces are difficult, but each situation is unique. If you and your spouse acquired significant assets during your marriage, or if you came into your marriage already possessing significant wealth, then you need a law firm capable of preserving that wealth in your divorce. At The Bolton Law Firm, PC, we focus our practice on high net worth divorce cases, and our attorneys bring decades of experience to protecting our clients’ interests in divorce.

PRESERVING YOUR WEALTH IN YOUR DIVORCE

For high asset and high income couples, getting divorced can involve a lot of risk. Couples that have established substantial holdings through investments, business ventures, and high-paying occupations can easily have millions at stake in their divorce, and it is critical that you protect your financial interest by retaining an experienced attorney. 

In many cases, one or both spouses will have come into the marriage with substantial wealth. As a general rule, any assets brought into the marriage (as opposed to being acquired during the marriage) will not be subject to distribution in divorce. However, proving that certain assets qualify as “separate property” can be complex. There are circumstances in which the community estate acquires significant interests in assets owned prior to the marriage.

EXPERIENCED Woodlands FAMILY LAWYERS FOR HIGH NET WORTH DIVORCES

The Bolton Law Firm, PC is a team of highly-skilled family lawyers with significant experience representing clients in high net worth divorces. We take pride in the results we achieve for our clients, and we ensure regular communication with our clients so they can make smart decisions about protecting their financial interests.

KEY LEGAL CONSIDERATIONS IN HIGH NET WORTH DIVORCES

Although all divorces involve to one extent or another the same basic issues– division of property, alimony, child support, and child custody; high net worth individuals face many unique considerations when going through the divorce process. For example, tax planning often takes on increased importance, and dividing the couple’s community property can require detailed valuation and forecasting with respect to:

• High-value personal property, including artwork, collections, cars, boats, furniture, and jewelry
• Real estate assets, including residences, vacation properties, rental properties, and commercial real estate
• Retirement assets, including 401k accounts, traditional and Roth IRAs, profit-sharing plans, and stock options
• Privately-held business interests
• Securities and other passive non-retirement investments

High net worth individuals may also have substantial inherited assets, which will generally need to be set apart as non-distributable separate property. For many couples, a prenuptial or postnuptial agreement will be extremely important as well, as the terms of their agreement may be determinative on issues such as payment of spousal support, ownership and control of a privately-held business, and distribution of other high-value marital property assets.

START PREPARING FOR YOUR HIGH NET WORTH DIVORCE TODAY

If you would like more information about protecting your wealth in divorce, contact The Bolton Law Firm today to arrange an initial consultation. Call our Woodlands office at 281-351-7897 and ask for a consultation to confidentially speak with one of our attorneys, or click here to schedule an appointment to talk with our client coordinator.

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