Few aspects of divorce are more contentious than the division of marital property. These disputes can be heated following the breakdown of any marriage, but they are often more challenging when a larger amount of assets is involved. High-asset divorce cases can be especially complicated without the guidance of a skilled divorce attorney.
If you have significant marital property and believe your marriage is coming to an end, now is the time to speak with a legal professional. The complex evaluations and transactions that come with this type of divorce should not be attempted alone. Let a Junction City high-asset divorce lawyer take these challenges off of your shoulders.
Uncommon Assets in Divorce Proceedings
Many divorcing couples must resolve similar types of assets regardless of their value. For example, dealing with bank accounts and credit card debt is a common factor in most divorces. There are also assets that are typically limited to high-asset divorce cases. Some of the assets that are often addressed in these cases include:
- A closely held business
- Rare art or jewelry
- Luxury vehicles
- Uncommon securities or stocks
- Retirement plans
- High-value real estate
It is necessary to understand not only the present value of these assets but the likely future value as well. Some assets might be set to dramatically increase in value, and that should be taken into account. A knowledgeable legal professional could assist with valuating such complex property.
A Junction City high-asset divorce attorney could help deal with these rare, high-value assets. The process for resolving these divorce cases can be different than the dissolution of most marriages but having experienced legal counsel could reduce such obstacles.
How High-Asset Divorce Cases Work
When a Junction City attorney takes on a high-asset divorce case, the first step they typically take is to determine the value of the marital property. Valuating property in any marriage is common, but there are unique challenges to address when it comes to some high-value assets.
Many high-value assets are especially rare, like jewelry or art. Others involve complex business ownership schemes whose value will not become certain for years. These unique assets often require an expert to evaluate them and determine their value. An attorney could find the experts necessary to perform these complex valuations.
Though, the process does not end with valuation. There are also frequent disputes over whether property is considered individual or marital. It is important to remember that only marital property is divided by the courts.
Married couples with substantial assets often value their privacy. For that reason, many of these couples seek to avoid the public nature of a divorce trial when bringing their marriage to an end. There are different methods available, but mediation is one of the most common tools used by divorcing couples to keep their matters private.
Mediation involves both sides and their attorneys sitting down with a neutral third-party. The neutral party—known as the mediator—will attempt to bring the sides together and reach an agreement that is acceptable to both spouses.
Speak with a Junction City High-Asset Divorce Attorney Today
Any divorce can be stressful for those involved, but the stress is often amplified when large financial assets are involved. If you are going through a high-asset divorce, it is critical to let an attorney take that stress off your shoulders.
Seek out experienced legal counsel for your case. Call a Junction City high-asset divorce lawyer today to schedule a consultation.