No divorce is easy, but when it comes to high-asset divorces, they can be especially complicated to navigate. High-asset divorces require more legal counsel, as well as the assistance of various experts, from appraisers to forensic accountants. High-asset divorces also generally take the most time to resolve in court as compared to lower-asset divorces. If you are considering filing for divorce and you have a high amount of marital assets, it is important to have a dedicated divorce attorney on your side to ensure that your interests are represented and that you get a fair divorce settlement. In some cases, it is also a good idea to consult with a divorce attorney as soon as you begin contemplating divorce so that you can take certain steps to prepare and protect yourself and your assets before notifying your spouse.
A high-asset divorce generally involves at least $1 million in shared assets. Unlike other divorces, high-asset divorces may be less focused on the value of the tangible property and more on the valuation of marital assets which can make equitable distribution more of a challenge. A high-asset divorce may involve many high-value assets, including luxury cars and multiple homes and properties. Assets such as business interests, stock options, retirement accounts, trust funds, various forms of deferred compensation, and businesses, can also all be involved in a high-asset divorce.
If you are contemplating filing for divorce in Virginia, the attorneys at the Virginia Family Law Center are experienced in handling high-asset divorces and are ready to help. Contact us today to learn about the next steps.
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