Navigating the complexities of a high net worth divorce
Most Nevada residents want to earn and save as much money as they can, and they certainly would not be opposed to owning multiple homes, dozens of cars and several profitable businesses. However, as beneficial as owning these assets are, they certainly do not make the divorce process any easier. Indeed, the more assets involved in a divorce, the more complicated and time-consuming the divorce is likely to be.
In high asset divorce proceedings like this, divorcing couples may want to utilize the services of an experienced divorce lawyer, in addition to expert accountants, tax accountants, appraisers and more. These individuals will help the soon-to-be ex-spouses divide up their marital assets in the fairest way possible according to the law.
First and foremost, attorneys will address what is to be considered marital property and what is to be considered individual property in a divorce. Determining what is marital property and what is not could be subject to legal debate in some cases. Therefore, divorcing spouses will want to make sure they have an impassioned advocate on their side to protect their legal rights in this regard.
At the Kainen Law Group, we help our clients navigate every aspect of their high asset divorce proceedings. We help with business valuations to determine the fairest arrangements for dividing a business during a divorce. We help with substantial assets, which might have different tax liabilities, hidden costs or liquidity problems tied to them. We also help divorcing spouses adjust their estate plans to reflect their new life circumstances following a divorce.