Getting Through a High Net-Worth and Complex Divorce in Kenosha, WI
If you and your spouse have agreed to end your relationship in a divorce and cannot agree on major terms like property division and child custody, you must consider hiring one of the best divorce attorneys in Kenosha, WI. If you own significant assets, the stakes are high since it can take a long time to settle the divorce. You want an attorney who has been representing couples who have complex divorces that involve substantial assets and custody disputes. They should listen to your specific need to ensure they can give you the right solution to your divorce matter.
What Makes a Divorce Complex?
Apart from common issues like spousal support, child support, and child custody, a high net divorce has more at stake when figuring out how marital assets must be distributed. It can be hard to determine a fair distribution arrangement because of tax considerations and distribution laws. A high net-worth divorce can include resolving issues such as pension division, stock division, family business valuation, property division, the discovery of hidden assets, spousal support, prenuptial or post-nuptial arrangement enforcement, and more. No matter which spouse’s name is tied to a certain asset, it must be divided equally between spouses in Wisconsin.
Separate vs Marital Properties
Separate property refers to property acquired before marriage or after the start of divorce proceedings. This property can be protected against equal division. They include inheritances, gifts, and personal injury awards. Separate property must not be commingled with marital assets; otherwise, it becomes marital property.
One of the most important parts of the divorce process is to determine if a couple’s property is separate or marital. To make this decision, attorneys will have t work with accountants, appraisers, and business analysts to catalog, sort, and assign a value to property held between the spouses.
Hiring an Experienced Divorce Attorney
Experienced divorce lawyers have been successfully representing clients with high net-worth divorces and complex divorce issues. They understand the different legal matters involved in complicated divorces and they give professional counsel whether a couple decides to settle their issues inside or outside of court. A great attorney pays attention to each matter and emphasizes the importance of open communication. They understand the uniqueness of every divorce case and they take their time to collect important information regarding their client’s circumstances to help them build a strong divorce case. They are happy to meet with a spouse to discuss what they want out of their divorce.