HIGH NET WORTH DIVORCE
DIVORCING HIGH NET WORTH COUPLES
FACE ADDITIONAL CHALLENGES
As a member of The National Association Of Divorce Professionals we understand dividing property can be challenging during any divorce. However, these issues become even more complex in high net worth divorces involving substantial joint or individual assets. Spouses with significant resources often need to consult various attorneys, financial advisors, a luxury real estate expert, asset and business appraisers, even forensic accounting experts to fully inventory and equitably split their holdings.
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The stakes are high when divorcing with substantial shared wealth, so It is crucial to retain experts experienced with the unique legal and financial complexities of high net worth divorce. Such legal counsel and other experts can adeptly represent your interests in property division and all associated proceedings. You may need to consider mental health experts for the entire family as well.
PRIVACY FOR
HIGH PROFILE COUPLES
In high-net worth cases where one or both spouses are celebrities, professional athletes, public figures, prominent business people, or well-known in their community, the divorce will bring additional layers of complexity and challenges. Both parties should desire to work with a discreet, high-integrity divorce team that can help them navigate the legal, financial, real estate and behavioral health complexities and resolve their disputes privately and out of the public eye.
TEAM OF DIVORCE PROFESSIONALS
​We have a cadre of experts including lenders, certified public and forensic accountants, financial planners, counselors, investigators, and others to fully assess the value of the marital estate. We find that in most high net worth divorces there are several residences, investment properties and commercial properties that must be evaluated, not only in Texas but throughout the U.S. and often international. Besides properties, businesses, and other assets the inventory and valuation of these very specific holdings requires a trained and professional team to do properly and accurately.
This is where we roll up our sleeves and get to work for you! We work closely with legal counsel for both parties to distinguish between assets purchased with premarital money or before the marriage vs during the marriage.
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HOW TO OBTAIN AN ACCURATE
VALUATION OF THE MARITAL ESTATE
Most high net worth divorces are between couples who have not only high income but also substantial assets in a variety of holdings that may include.The assets of the marital estate must be completely identified and those that are clearly premarital can be set aside and those that are marital, in full or in part, will be the focus for the attorneys and accountants. After the property is classified to determine what assets will be subject to division, it is next necessary to perform a detailed valuation of the estate.
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We have a cadre of experts including lenders, certified public accountants, financial planners, counselors, investigators, and others to fully assess the value of the marital estate. We find that in most high net worth divorces there are several residences, investment properties and commercial properties that must be evaluated. This where we rollup our sleeves and get to work for you! We work closely with legal counsel for both parties to distinguish between assets purchased with premarital money or before the marriage vs during the marriage. Most high net worth divorces are between couples who have not only high income but also substantial assets in a variety of holdings that may include:
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Full or partial ownership of a closely held business, family business, or partnership
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SEC Filings, Paid Board Memberships, BOD, 10%+ Stock Holder
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Stock options/Warrants & Other Qualified Stock Purchase Agreements
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IRAs, ESOPs, 401(K) plans, pensions, and other retirement vehicles and investments
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Income producing property, single or multifamily residential properties
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Vacation homes - typically out-of-state, possible offshore
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Residential and commercial real estate holdings/REITS
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Executive Compensation Packages/Bonus & Non-Compete Agreements
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Foreign real estate and investments
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Inheritance
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Trust Funds
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Art, paintings, sculptures, coins, cars, aircraft, boats, antiques and precious metals
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The larger and more complex a family’s holdings, the more challenges there are to overcome, increasing the potential for litigation. Careful preparation and accounting can help to avoid unnecessary, costly, and time-consuming litigation. All assets must be properly valued and accounted for.
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For more information or to obtain a referral from one of the licensed professionals in Legal, Finance or Behavior Health from our National Association of Divorce Professionals (NADP) Dallas-Ft. Worth Chapter please simply click the link below.
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We're here to discuss your situation, options, and goals. Whether you want to sell the marital home or buy-out your spouse's interest, we can help you construct the legal documents to protect your interest during and after divorce.