All divorces require handling complex issues that arise when a couple separates. In situations involving significant real estate, investments, or businesses and other property, these issues may become even more complicated. The experienced family law lawyers at Martin Heller Potempa & Sheppard PLLC advise individuals in Nashville and the surrounding communities on pursuing high-asset divorces. We are dedicated to protecting your financial interests. As one of the most technologically advanced firms in Tennessee, we use cutting-edge strategies as well as meticulous attention to detail in valuing a couple’s assets.Pursuing a High-Asset Divorce in Tennessee
Divorces involving significant assets often require more complex dealings in the division of property between spouses, and they are referred to as “high-asset” divorces. In many situations, they require a valuation and determination of the following factors:
- Investments and stocks with high net-worth
- Joint business ventures
- Closely held partnerships or other businesses
- Substantial savings, pension, or retirement accounts
- Real property holdings
High-asset divorces may involve the consultation of financial experts to ensure that valuations and appraisals of assets are determined accurately. Often, some of the most concerning issues for a spouse with a high net worth consist of determining equitable distribution and alimony for the lesser earning or dependent spouse.
Classifying assets as either marital or separate property is vital in determining what type of division may be equitable. Separate property includes any inheritances, gifts, or property that one spouse owned previous to the marriage. Marital property includes any assets gained or earned during the course of a marriage. Although it seems these definitions are cut and dry, classification can actually be much more complex. For instance, if separate property is commingled with marital property, that property can turn into a marital asset. Or if separate property is used to invest in a jointly owned business, or to further the educational standing of one spouse, the status of the asset could be altered.
High-asset divorces require careful consideration of all financial, as well as some emotional, aspects that are present in all dissolutions of marriage. Spouses may disagree over the enforceability of prenuptial agreements, proper alimony amounts, and child support or visitation matters. Consulting a knowledgeable attorney can help them come to an agreement that is suitable for them, rather than leaving it up to a court to decide in legal proceedings.Seek Legal Guidance in Nashville When Dissolving a Marriage
Divorces involving substantial property often become complicated, and often with complexity comes adversity. Having a strong legal advocate on your side can make a difference for your future. At Martin Heller Potempa & Sheppard PLLC, our divorce attorneys are experienced in guiding Nashville residents and other individuals throughout Tennessee on the process of going through a high-asset divorce. We work tirelessly to pursue an outcome with which a client is satisfied. Our firm represents clients in Franklin, Belle Meade, and Cool Springs, as well as other communities in Davidson and Williamson Counties. If you need help with a high-asset divorce or another family law matter, contact us online or by calling 615-800-7096 to set up an appointment.