High Net Worth Divorce
Couples with comparatively high net worth are typically in that category because they are careful about their money.
We understand this, and take care to advise our clients about the practical cost-effective ways to preserve assets in divorce. We often recommend forensic accountants and others to work with our client to produce different expert reports, such as real estate appraisals and business appraisals. We work with the client’s individual financial advisors to identify specific concerns and to confirm assets.
Couples with substantial assets
often want the privacy of certain kinds of dispute resolution, such as collaborative divorce and mediation.
Collaborative law is especially well-suited to high income or high net worth clients who are divorcing and want self-determination and confidentiality. This process relies on clients being fully informed about the legal issues, which is the role of the attorney. We use experts as needed jointly; attorneys are present at each collaborative meeting, but the entire process is client-centered and facilitated by a neutral professional, called a “coach.”
Private mediation also provides clients the confidentiality and autonomy needed to attempt to work out the issues of their divorce. This process is less structured, but our attorneys have recommendations of qualified, and proven mediators who are likely to bring a divorce dispute to a final resolution. We routinely attend mediation with clients, or prepare clients before attending mediation on their own.
Not all divorces are appropriate for collaborative law, or early private mediation.
When litigating, high net worth divorces come with all of the complicated issues of the financial aspects of divorce, but the other spouse is not necessarily willing to come to an agreement to avoid unnecessary attorneys fees and court costs. Some families also have custody or parenting time
issues that require the courts intervention to find the best interest for their children’s wellbeing or safety. We are experienced in divorce litigation, division of marital businesses, alimony, assessing marital lifestyle and the other issues involved in litigating high asset or high-income divorces.
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