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There are unique property division challenges that high net worth couples seeking a divorce must face. Because there are a significant amount of assets to be divided in a high net worth divorce, couples are more likely to have lengthy disputes about who gets what. This is why it’s essential to consult with a divorce attorney who has experience handling these kinds of cases.
Equitable Distribution of Marital Property
North Carolina is an equitable distribution state, which means in a divorce, the property is split up fairly for each party. In most instances, assets that were owned before the marriage cannot be divided. These assets are considered separate property. However, all assets accumulated while you were married will be considered marital property, and each party has a right to a fair share to it.
What is a High Net Worth Divorce?
In a high net worth divorce, couples have a substantial amount of complex assets that can be difficult to divide. These assets can include:
High incomes
Investments
Real estate
Business Ownership,
A large amount of marital property
Since there are more assets to split up, property division matters can become more complex. For example, say your spouse owns a business or has significant financial interests in a range of companies. In the divorce, you may need to negotiate a settlement with your spouse’s legal team in which you agree not to interfere with the running of the business but benefit financially from the interests your spouse has in it. With so much at stake, it’s crucial to seek help from an experienced and capable lawyer.
A Charlotte Divorce Lawyer Can Help
The more complex and complicated the financial assets, instruments, and investments owned and maintained by your spouse, the harder it will be to get a full understanding of their net worth. That is why it is in your best interest to seek representation from an attorney who specializes in high net worth divorces. The Charlotte divorce attorneys at Rech Law can help uncover any hidden assets and determine the exact holdings of your spouse to protect your best interests.
Let Rech Law, P.C., be the path forward for your family. Call us today at (704) 659-0007!