Exceeding Expectations In High-Asset Divorce Issues
High-value assets usually indicate a complex financial picture with diverse income streams, assets and investment vehicles. Liquidation and asset division is often not the best option if you want to maintain their value. You need a divorce attorney in Georgia, who understands the need for asset protection as well as the requirement for a fair and equitable division of marital property in accordance with Georgia statutes.
- Discretion is important in family law matters, especially in a high-asset divorce. At The Law Offices of Abbott & Abbott, P.C., we work with our high net worth divorce clients to develop separate agreements that will not be a part of the public record.
- If you own a business or if your spouse owns a business, it is probably in the best interest of both of you to keep your business viable and growing.
- Your divorce lawyer can work with you and accountants to determine how to accomplish asset protection while ensuring that both spouses receive fair value from the business.
- How much does a business make? How much is your income and your spouse’s income?
- If one spouse has hidden assets or is under-reporting gross income, it can make a material difference in your property division agreement, the time and length of alimony, and the amount of child support payments.
Our lawyers will work with forensic accountants to ensure a fair and accurate reporting of assets in your case.
- If the existence of hidden assets is discovered after the divorce is final, or if your ex-spouse does not meet the settlement agreement requirements, we can take your case back to court for a divorce contempt action.
- What are the marital assets? Any assets acquired during the marriage (except gifts and inheritances) are generally considered to be jointly owned by both spouses.
- Separate property and assets are generally that which were acquired prior to marriage and inheritance funds that have not been commingled, but there are several other exceptions you may want to learn more about.
- Navigating tax issues concerning business assets, income, investments and property will be a major component of your successful outcome in divorce.
- Other significant assets we will help you evaluate and preserve include pension, IRA and 401(k) accounts, each of which will require a Qualified Domestic Relations Order (QDRO) to divide tax-efficiently.
What To Do With Stocks And Bonds In Divorce
While some portion of these investments may be considered separate property, if they were purchased prior to your marriage, contributions and earnings during the marriage are considered marital property. They are subject to the rules of equitable distribution.
Perhaps you or your spouse invested in a mutual fund at the beginning of your marriage and your investment has grown substantially over the years. Whether you or your spouse has invested in stocks or bonds, we will help you achieve a fair division.
We will work with you to make certain nothing falls through the cracks by identifying all of your property and all of your spouse’s property, including investment accounts. We will provide you with information about how the division of these accounts is handled, so you are aware and nothing catches you by surprise.
Speak With One Of Our Attorneys At Your Convenience
Please call us in Marietta at 678-905-8781, Canton at 678-792-4908 or toll free at 678-905-8781 to schedule a consultation with one of our attorneys. We are also available and responsive through secure email.
Divorce does not always happen when you are in your 20s or 30s. Sometimes, you may stay married for decades before you make the decision to end your marriage in Georgia. For those divorcing later in life, the term gray divorce comes into use. The special term helps to...