If you need legal assistance regarding high-asset divorce matters, contact us online or call us at (615) 800-7096 today for a free consultation with an experienced attorney.
When a couple separates, many complicated situations can arise. This is especially true in situations involving significant real estate, investments, or businesses and other property. It takes a skilled divorce attorney with the experience to handle such high-asset divorces to make sure all parties are satisfied with the settlement offer.
The divorce lawyers at Martin Heller Potempa & Sheppard PLLC routinely advises individuals in Nashville and the surrounding communities on pursuing a peaceful and satisfactory separation. Using cutting-edge strategies with meticulous attention to detail in valuing a couple’s assets, our attorneys are dedicated to protecting your financial interests.
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 are 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.
Complexities in High-Asset Divorces
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 one of our attorneys 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. Our attorneys can assist with the following:
Identifying any hidden assets so fair property division can occur
Evaluate your businesses to determine the full and fair value
Evaluate the fair marketing value of any stocks, bonds, money market accounts, and any other financial accounts
Examine any property interests such as vacation homes and rental properties
Addressing any concerns about child support payments
Seek Legal Guidance in Nashville When Dissolving a Marriage
High-asset divorces 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 can make the process of going through a high-asset divorce go as smoothly as possible. We work tirelessly to pursue an outcome with which a client is satisfied.
If you need help with a high-asset divorce or another family law matter, contact us today to set up an appointment.