Exceptional Legal Representation
Bristol County High Net Worth Divorce Lawyer
Professional Legal Guidance to Help You Obtain a Fair and Favorable Outcome throughout Northfolk County, Plymouth County, Cape Cod & the South Shore Area
As spouses with significant wealth between you, you may be well aware of the legal and financial complications that will arise in a high net worth divorce. Rest assured that your assets will end up in the right hands following separation with the help of an experienced legal professional. Attorney Rachel M. Matos is a dedicated and zealous legal advocate who can assist you with every issue in your high net worth divorce, such as business valuation.
The Law Offices of Rachel M. Matos will help you obtain the fair and favorable outcome you deserve. Protect your wealth and your future with our firm. Schedule an initial consultation here.
What Constitutes a High Net Worth Divorce?
Spouses who own $1 million or more in assets, whether as a couple or as an individual, have a high net worth divorce on their hands that may involve lengthy property division disputes, as well as special considerations for child support and alimony.
Some high-value assets you can expect to discuss in a high net worth divorce include:
- art collections, antiques, jewelry;
- intellectual property and royalties;
- self-owned businesses;
- stocks and investment portfolios;
- real estate holdings and vacation homes;
- retirement benefits and pension plans;
- motor vehicles, boats, planes.
One of the most important steps in the property division process is assigning values to all the assets that must be divided between spouses. This can be a complex process for certain financial assets, and it is common to bring in a business appraiser or forensic accountant to examine bank accounts. As a result, it is best to work with an experienced attorney if you and/or your spouse have high-value assets involved in your marriage and separation; an attorney will have the resources to bring in the financial experts you need to determine a fair and equitable property division plan acceptable by the court.
Child Support and Alimony Decisions for High-Income Partners
Child support and alimony are also important issues in high net worth divorces because these two disputes require the calculation of both parties’ incomes. Income sources may not be as straightforward for wealthy partners, such as if they receive income from rental properties, added value in their business, and other potential income from real estate and investment holdings. A lawyer experienced in high net worth divorce can better help you navigate the income calculation process of your divorce, whether that means bringing in financial appraisers and experts or consulting wealth management professionals.
Also, note that the court will make decisions on child support and alimony based on the child’s and partner’s standard of living and comfort. Particularly in high net worth divorces, if the other spouse is a high-income earner, the court may consider whether they can support their partner to maintain the same lifestyle as they were accustomed to during the marriage. If the children went to private school, for instance, the court may order the high-income parent to continue providing reasonable support for private tuition.
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One of the most complex legal issues is disputes concerning your present and future assets. This might arise in property division proceedings following divorce or probate or estate distribution proceedings. The Law Offices of Rachel M. Matos has significant experience handling asset distribution for clients, and we have worked with a number of high net worth clients. We will do our best to ensure your property rights are being adequately addressed by the law.