High Asset Divorce
Experienced Rhode Island Divorce Attorneys
The complications of a
divorce can escalate and the stakes can increase significantly if the
marital assets or separate property of one spouse are of considerable value. A high asset divorce, sometimes
called a high net worth divorce, is generally more likely to spark arguments
and begin a lengthy
contested divorce. Be sure you are ready for the road ahead, as bumpy or as smooth as it
may be, by teaming up with the trustworthy and reputable Providence divorce
lawyers at TJC ESQ. From negotiating fair outcomes to litigating
prenuptial agreements, we're here for you every step of the way.
Give us a call at 401.216.4414 today to learn about our legal services.
Sophisticated High Net Worth Divorce Solutions
The typical married couple in Rhode Island will not share much property
together, beyond a home and an automobile. A divorce can be considered
high asset if the couple shared or accrued a sizeable amount of finances
and income, often more than one million dollars, or if they control complicated
assets, like a business.
We can help clients equitably divide complex or high-value assets such as:
What makes high asset divorces far more complex than conventional divorces
is the large scale of assets at stake and the intricacy of intermingled
assets. Couples often dispute what each spouse owns and how to fairly
divide an estate in a way that is satisfactory. There may be
hidden assets involved and significant accounts, real estate, or other properties that
require experts to valuate. Our Rhode Island family law attorneys are
technically savvy and understand how to leverage technology,
electronic discovery, and insights from experts to help clients achieve a fair and equitable
outcome. Our goal is to protect our clients' financial interests and
help them weather the divorce storm.
dividing property in a divorce, courts use the principle of equitable distribution. Remember that equitable
means fair, not equal; you may get less than a 50% share of your marital
property if the court determines that your ex-spouse deserves or needs
more to live comfortably.
High Asset Divorce Tips You Should Know
We have established that a high asset divorce is more complicated and potentially
more stressful than an average divorce. If you want to remove some of
the unknowns and risks involved in going through a high asset divorce,
understanding what to expect and what you should be doing ahead of time
will help considerably. Review these helpful hints and tips about high
asset divorce for more information.
Haste: It is true that haste makes waste, especially in a legal process. A person
who rushes through their divorce because they just “want to have
it over with” is the same person who makes a critical mistake. In
a high asset divorce, one mistake could mean losing thousands of dollars’
worth of property or finances.
Guilt: Experiencing a guilty conscious is understandable during a divorce, as
the thought of ending a marriage is difficult for anyone to swallow. What
is important is not letting that sense of guilt persuade you into giving
up more assets than necessary. If it helps, think of your divorce like
a business transaction and do what you can to protect what is rightfully yours.
Secrecy: No matter how highly-prized your assets may be to you, they must be disclosed
to your spouse and their legal counsel. Attempting to hide assets through
transfers, secondary accounts, or other means destroys your credibility
in the courtroom and gives a judge good reason to side with your spouse
on split decisions.
Anger: If your divorce is heated, you might want to take this time to get a little
bit of revenge on your ex-spouse. Do not let anger be what leads your
decisions in your divorce. In the long run, after you have calmed down,
you will discover that you are not happy with how things have played out.
Whenever you get justifiably wound up by your high asset divorce process,
take some time to talk to your family law attorney to gain some perspective,
and allow them to address the situation if legal intervention is necessary.
Comparison: There is no such thing as two identical divorces. Every marriage is unique,
as are the finances involved in them, and so are the divorces that follow.
Comparing your divorce to a friend’s or a family member’s
and expecting to get the exact same result will only distract you from
focusing on your own.
Remove the Complications with Our Help
A high asset divorce may put hairs on end and seem like it is primed for
a legal struggle but it does not have to be. At TJC ESQ, our Rhode Island
divorce lawyers believe in the importance of keeping matters calm and
amicable. We genuinely want to protect your best interests but we also
want to be the legal guides that let you navigate the process with as
little stress or conflict as possible. In the end, you will find that
cooperation, when it is possible, is the best option for everyone.
Contact our office and ask for a
free initial consultation today.