High Net Worth Divorces: How They’re Navigated

Posted on January 10, 2022

Divorce has many complexities, including everything from emotional distress and financial worries. A high net worth divorce adds even more unique challenges to finalizing the divorce. Every asset must be cataloged during a divorce and determine which properties were earned before the marriage. If you or your spouse has a high net worth, contact a family law attorney Greensboro NC to help navigate the divorce process.

How to Navigate a High Net Worth Divorce

Going through a divorce is already difficult, and everyone’s emotions are heightened to the point of one or both spouses becoming reactionary to everything. Therefore, it is important to have patients when dealing with a high net worth divorce to ensure everyone is treated fairly and appropriately divided assets. Even with the most iron-clad prenuptial agreement, divorce can be a sensitive topic and an extremely complex process.

Steps to help navigate a high net worth divorce include:

  • Do not become helpless and seek the assistance of Greensboro family law attorney
  • Do not agree to settlement terms to get the divorce over with
  • Do not agree to settlement terms because you feel guilty
  • Do not try to hide, devalue, or shuffle finances and assets
  • Do not limit your thinking to just physical property and liquid assets
  • Consider tax consequences, child support, future tuition costs, alimony, etc.
  • Do some research and pick the best divorce lawyer Greensboro for your situation.

Choosing the Best Divorce Attorney Greensboro NC

When going through a high net worth divorce, many have first thought is to find the meanest bulldog of an attorney available. However, this is not always the best choice. Instead, it is best to seek out a family law lawyer Greensboro with who you feel comfortable and understand and have experience dealing with high net worth divorces. The best attorney for your situation is one who can give you access to a network of professionals who can help ensure you have the best outcome possible.

Problems in a High Net Worth Divorce

No one wants to think about the possibility of getting divorced, and when a divorce happens, many do not want to believe their spouse will attempt to hide their assets. However, without a prenuptial agreement, the assets get evenly divided between both spouses in most divorce cases. Therefore, the property division can lead to one spouse attempting to hide assets from the other party. One spouse may try to hide assets because they feel they are owed the assets and attempt to devalue their income and community assets.

Hiding assets is not a good idea because, in most divorce cases, these hidden assets are revealed. Once revealed, the courts may not favor the spouse who attempted to deceive the other party. If you believe your spouse is hiding assets during a divorce, contact your attorney to discuss your options and how to get confirmation of the hidden assets.

How an Attorney Can Help

A North Caroline family attorney can help you file all the necessary paperwork during a high net worth divorce. Additionally, the attorney can help you navigate the process and ensure you receive everything you deserve. A reasonable divorce attorney has a network of professionals who can help ensure all assets are accounted for and help with anything that needs additional investigation and research.

If you are considering a divorce and want to know your options, call the Law Office of Mercedes O. Chut to schedule a consultation. Consulting a North Carolina family attorney helps you understand your options and guide you down the best path possible for your high net worth divorce. We are prepared to help you navigate the process through a high net worth divorce.