Salt Lake City High Asset Divorce Attorney
If you are an individual with a high net worth who is considering divorce, or if you’ve been served divorce papers by your spouse, it is crucial to consult with an experienced high asset divorce attorney right away. From a financial perspective, you naturally have more at stake than those who do not have business assets, trademarks, intellectual property, real estate, investment portfolios, and other assets that must be identified and protected.
You’ll want to have an experienced divorce attorney who has the right knowledge, skills, and resources necessary to handle your case. Consult with our Salt Lake City lawyers today by calling (801) 890-5109.
At Christensen Law, our divorce lawyers have extensive experience handling complex and contested high net worth cases. We’ll be prepared to discuss the specifics of your situation during a confidential consultation, and we’ll do everything in our power to protect what is rightfully yours during the divorce proceedings.
We have experience helping business owners, executives, medical professionals, legal professionals, entertainers, and other high net worth individuals to secure fair outcomes for their divorce cases. Particularly regarding the division of assets, spousal support, child support, and other family law cases.
How Are Assets Divided in Divorce in Utah?
Utah is an equitable distribution state regarding marital assets in a divorce. However, the term “equitable distribution” can itself be somewhat confusing. Equitable does not necessarily mean a 50- 50 split; equitable distribution means that marital property is divided equitably depending on what a spouse brought to the marriage.
Because of the increased number and value of the assets that you’re dealing with in a high net worth divorce, the process of dividing them can be challenging and is often aggressively contested. Therefore, you’ll want to work with a legal team that will apply a thoughtful and strategic approach to your case to work toward the best possible resolution.
In a high net worth divorce, some of the assets that will be taken into consideration will include:
- Bank accounts
- Retirement accounts
- Real estate or other property holdings
- Personal assets
- Business Interests and Assets
- Intellectual property
- Pension funds
- High-value art or collectibles
High asset divorces can be complicated when there are extensive paper trails, accounting, and timelines that must be investigated and considered when determining who is entitled to all or a portion of those assets. If your divorce counsel does not understand the inherent challenges that can arise in a high asset divorce or fails to adequately evaluate your situation and strategically plan for negotiations or litigation, it could cost you significant time and money.
Why You Need a Knowledgeable High Asset Divorce Attorney
High asset cases aren’t like other cases, a simple mistake, one misstep, and it may end up costing you and costing you a lot. The process of evaluating the worth of the assets is not a simple one. Nor is the process of determining the tax questions and concerns that arise from the dividing and receiving of certain assets. With so many matters that have to be accounted for, you must consult with an attorney who is knowledgeable about high asset divorce cases.
You can trust the team at Christensen Law to look out for your financial interests when it comes to your divorce. While you carry a heavy burden of dealing with the emotional impact of your divorce, we will focus on the legal and financial ramifications of your divorce and work towards the best possible outcome for your case.
(801) 303 5800
261 East Broadway, Suite 150 Salt Lake City, UT 84111