Valuing and dividing business interests, protecting assets, preserving wealth, and avoiding potential tax consequences, make high-income divorces extremely complex. With expertise in family and business law, as well as a tax adviser and investigative division in-house, The Cronin Law Firm has the unique advantage of having both the experience and resources high-asset divorces require.
Property division can be one of the most contentious aspects of a high-asset divorce. In some cases, one or both spouses enter into a marriage with substantial assets. Others acquire wealth or grow their estate substantially during the marriage. In either case, dividing a high-asset marriage estate is extremely complex and requires a divorce attorney with not only family law experience, but business and finance credentials.
When high-asset individuals face divorce, some assets may be overlooked. It is important to take inventory of all the marital, and individual assets, in order to ensure fair and equitable distribution.
Assets to consider in a high-value divorce include:
- Real estate (marital residence, vacation homes, retirement properties, rental properties, etc.)
- Automobiles, boats and recreational vehicles
- Bank accounts
- Stocks and bonds
- Deferred income
- Retirement benefits and pensions
Though we strive for amicable divorce proceedings, there are times when one spouse may attempt to undervalue or hide assets in order to prevent them from being included in the marital estate. That’s why we’ve assembled a team of experts including, certified public accountants, financial advisors, and tax attorneys. In addition, The Cronin Law Firm has the unique advantage of having an in-house investigative division should the issue of unlawfully hidden or transferred assets arise. There may also be tax issues to address in order to protect a client’s share of the marital estate. Spousal support is another important and often complicated area of divorce negotiations, especially if one spouse did not work outside the home.
Divorce is never easy and can be even more overwhelming when complex property division is necessary.
How The Cronin Law Firm Can Help
The Cronin Law Firm has the experience in both negotiation and, if necessary litigation, to protect you during this difficult time. Additionally, we understand the effect divorce can have on children and considers them the highest priority. Our goal is for an amicable divorce where both parents work to protect the interests and well-being of their children.
Click the “Text Us” button on this page, complete our contact form, or call us at 248-258-3500 today to schedule an appointment for a complimentary initial consultation.