When you have a high net worth, the last thing you really want to face is a divorce that could tear apart your finances. You’re in a position where you’ve built up your credit, reputation and finances, and you don’t want this to end up causing you a major loss.
Whenever you face a divorce, hiring your divorce attorney is the first step. Even contemplating divorce gives you enough reason to do so; you need to understand what will happen if you file for a divorce, how much of your property will be considered to be community property and what to do if you think your spouse is going to try to get more than his or her fair share.
Divorce is a complicated process, and it impacts you in a variety of ways. It can be emotionally draining, and it can be financially devastating in the wrong circumstances. Your attorney will work with you to make sure your rights are protected and to help you work toward a resolution without necessarily having to go to court or trial. Many people are able to settle out of court with help from their attorneys and private negotiations or mediation sessions.
Your divorce attorney can help you with a number of issues ranging from child support to settlement agreements, the division of property and finances or spousal support arrangements. With the right support from the beginning of your divorce, you can quickly work toward a resolution in your best interests. Our website has more about high asset divorce and the laws that may affect your case.