There’s a lot at stake when you’re facing a high-asset divorce.
Not only are you experiencing the end of your marriage, you are separating one family into two separate lives.
This means all of the assets you have accumulated during your marriage are subject to equitable distribution by the court.
However, equitable is not the same thing as equal. Therefore, you need to ensure that your interests are protected.
High-asset divorce cases in Dacula, GA are complex and require a higher level of experience than other legal matters.
ASSETS AT RISK WHEN GOING THROUGH A DIVORCE
A qualified divorce attorney will understand the nuances of Georgia law regarding property division and the equitable distribution of assets. Property division includes real estate like your primary residence and any vacation homes.
It also focuses on tangible items of value in the home you share with your spouse. This can include jewelry, artwork and electronics.
An expert divorce attorney will help you delineate what was acquired before and during the marriage and demonstrate that individual property was acquired in a manner consistent with Georgia laws.
However, an experienced attorney will give equal attention to the financial assets that comprise the bulk of your net worth. These include retirement accounts, pensions, real estate investments, stock portfolios, and life insurance.
These assets are at significant risk in a divorce.
If you are a business owner, any commercial property, corporate assets and any equity interest could also be vulnerable in a divorce.
FINANCIAL OBLIGATIONS IN A HIGH-ASSET DIVORCE?
One aspect of high-asset divorce cases that is often overlooked is distribution of debt. Even though you and your spouse are dissolving your marriage, you could still be held liable for your spouse’s debt.
An expert attorney will craft a divorce settlement that doesn’t leave you burdened with the weight of your spouse’s debt.
Understanding spousal support and child support laws is also essential to solid representation in high-asset divorce cases.
Child support and alimony can cover a broad range of expenses including housing, clothing and food but can also include medical insurance and child care.
A knowledgeable divorce attorney can make sure you can meet your support obligations without crippling your ability to maintain your own separate household.
Divorce is already an emotionally stressful situation. High-asset divorce cases can be even more challenging. They require a greater level of expertise to negotiate a satisfactory resolution that protects your interests.
WHEN GOING THROUGH A DIVORCE, MAKE SURE YOU CALL ATLANTA’S MOST EXPERIENCE FAMILY LAW FIRM
There’s too much at risk to put your high-asset divorce in the hands of an inexperienced attorney. The law firm of Oxendine & Sauls has over 60 years of combined experience and specializes in high-asset divorce cases.