Significant assets require particular attention during a divorce. The distribution of monies and properties can be a complicated process for affluent spouses. The preservation of your financial security depends greatly on the expertise and experience of your legal team. An experienced and sophisticated legal counsel is vital to address the division of a complex financial portfolio while protecting your financial interests and at Curran Moher Weis our team of Fairfax divorce attorneys is always ready to help.
Divorce is never easy. Not only does it take a toll on you mentally and emotionally, but also financially. When either or both spouses have a high net worth, it adds a level of stress and contention to the divorce process, as a high net worth can affect the divorce process and outcomes.
The divorce attorneys at Curran Moher Weis have the requisite knowledge and experience to represent you in your high-net-worth divorce. We work diligently to protect you and your assets and pursue the best possible outcome.
You can feel confident knowing you have high-quality legal representation from start to finish.
“High net worth” is a term used in the financial world. It’s used to indicate an individual has extensive liquid assets, usually worth at least $1 million. Liquid assets refer to cash on hand or an asset that can easily be turned into cash.
While high-net-worth individuals also have non-liquid assets, like real property, their net worth is typically based on liquid assets.
Going through a divorce often requires many important steps, including dividing property and assets and determining alimony. When spouses have high net worths, it can add a layer of complication when it comes time to distribute property.
Therefore, going through a high-net-worth divorce may require more time and additional steps. It is not uncommon to have to rely on outside parties, like forensic accountants and other experts, to help with high-net-worth divorces.
Financial stakes are frequently high with divorces involving high-net-worth spouses. Therefore, you want to steer clear of some of the common mistakes made during the divorce process. These mistakes include:
Don’t make these common mistakes. If you’re facing a divorce, discuss your case with one of our qualified Fairfax divorce attorneys as soon as possible.
Spouses with high-net-worths commonly have many, many assets, whether marital or separate property. These assets and property could include:
Having a higher than normal volume of property and assets can make it much more difficult to distribute it between spouses. Additionally, because high-net-worth divorces involve so many assets and properties, these divorces often get contentious, as spouses battle it out for who gets what.
For these and many other reasons, it’s essential to have a divorce attorney experienced with high-net-worth divorces. Our attorneys know how to effectively handle these divorces and get you the fairest possible outcome.
Determining the value of assets in any divorce is important and especially so in a high-net-worth divorce. Businesses, family and other closely held corporations and other business entities, interstate and international investments, property, stocks, and other assets must be accounted for to achieve an equitable division of marital property. Valuation is typically based on the opinions of experienced experts. The selection, coordination, and presentation of the right professionals are essential to support your case in court. Here at Curran Moher Weis, we are particularly qualified to handle a high net worth divorce with the support of our accomplished fiscal experts.
Spouses with high net worth often face high liabilities. Having a high net worth may require you to incur debts and take out loans.
Similar to assets, debts are also divided among spouses based on several factors. Usually, since both spouses enjoy the benefits a high net worth provides, both face the possibility of having to repay debts after their divorce.
Our divorce attorneys can help ensure debts are divided fairly.
Your financial interests require not only expert strategy but discretion as well. Clients with complicated finances often want to keep their financial affairs from becoming public fodder. The Virginia divorce attorneys at Curran Moher Weis will treat you with the dignity you deserve, respecting your privacy and lifestyle. Our attorneys are dedicated to handling every nuance of a high-net-worth divorce with great discretion.
In many high-net-worth cases, you won’t only need to rely on your divorce attorney, but also on other outside experts. Because there is so much on the line in high-net-worth divorces, your lawyer may employ the help of:
Curran Moher Weis has trusted resources we use when needed. When an expert is needed, you can count on us to turn to the right people.
Whatever the issues surrounding your unique divorce, the best Fairfax High-Net-Worth Divorce Lawyer from Curran Moher Weis has the resources and intimate familiarity to favorably resolve your high-net-worth divorce case. We welcome you to discuss your situation with one of our capable Northern Virginia divorce attorneys. Contact us today at (571) 568-7863 or request a consultation.