When going through a divorce, you always have to consider the assets that a couple has. Sometimes there are multiple pieces of property, along with extensive financial revenue to take into account. Depending on what the couple owns, they could be going through a high asset divorce.
Navigating high asset divorces can be much more challenging than a standard separation. Autumn Beck Blackledge PLLC has experience with high asset divorces and can help explain what you need to know.
What Is A High Asset Divorce?
Essentially, a high asset divorce means that one or both spouses involved have high net-worth or a considerable amount of assets. The couple could have multiple high-value assets, such as real estate or shared businesses. When navigating this process, it can be challenging to evaluate all of the present assets.
How Is It Different Than a Standard Divorce?
Due to the number of assets that undergo division, high asset divorces differ from standard separation procedures. It is essential to understand these differences in order to have a smoother and more successful divorce process.
Chances for Contested Divorce
When there are more assets and sources of financial revenue to keep in mind, the more difficult negotiation can become. It is likely each individual will enter the divorce wanting to retain their important assets and are unwilling to compromise on specific components, challenging their spouse on the issues at hand.
Assets are not the only factor for consideration here. Child custody and support arrangements can also be challenging to determine. When a couple has substantial income and revenue, they likely provide themselves and their children with resources and services. The courts will try to maintain these standards of living when making decisions.
The Need For Outside Help
In a standard divorce, ascertaining assets does not typically require the help of an accountant or other resources. In high asset divorces, this is an absolute necessity. Unfortunately, it is not uncommon for individuals to hide assets, keeping them secret from their spouse in order to attempt to keep more revenue for themselves.
Outside experts can work alongside attorneys in order to determine the value of each asset. Furthermore, they can look into any questionable missing or overlooked assets. This can help ensure that there is equitable distribution and that one side does not miss out on what is rightfully theirs.
It is crucial to note that the act of hiding or lying about assets is serious. You can face legal penalties for doing so, potentially impacting the divorce process even further. Be honest and upfront about your assets. Having an expert on your side can help ensure that both you and your spouse divulge all of your property and sources of income.
High Asset Attorneys
It is apparent that high asset divorces differ and require unique procedures. Due to this, it is necessary to retain an attorney with extensive experience in high asset divorces. Autumn Beck Blackledge PLLC is well versed in high asset divorces and the potential conflicts that come along with it.
We can help you determine the best approach for your divorce and if negotiation is even possible. If you end up in a contested divorce, our team will fight for what you deserve. We can help you walk through each divorce process step, including contentious asset division, child custody and support, and spousal support. Autumn Beck Blackledge PLLC has the experience necessary to answer any of your questions.
Pensacola High Asset Divorce Attorneys
If you are going through a high asset divorce, Autumn Beck Blackledge PLLC is here to help you navigate the process. This is not something you should tackle alone. An experienced attorney can help ensure that all assets are appropriately assessed and undergo fair and equitable division. Furthermore, our team can assist in other components of the high asset divorce process.
Contact our office today at (850) 404-7263 to schedule a consultation with one of our experienced divorce attorneys!