Under the best of circumstances any divorce can be difficult. But when a high level of assets or income is involved, that level of difficulty can increase exponentially. If you and your spouse own assets that include businesses, investments, retirement accounts and pensions, real estate holdings, or other high net worth assets, the divorce process can become highly complex and challenging. It is crucial to have an attorney by your side who is able to handle such issues as: complex taxation, support obligations, tracing of assets including offshore and international accounts, valuation of businesses and other properties, land trusts and other revocable or irrevocable kinds of trusts, premarital agreements, qualified or non-qualified retirement accounts, restricted stock, Qualified Domestic Relations Orders, knowledge of tax ramifications, and other property distributions.
The experienced attorneys of MillerAsen will help you develop a plan for a successful resolution of your high asset divorce. Attorneys Diane Dusini, Catherine Miller, and Susan Bixby have spent many years representing individuals in high asset divorce matters. Each brings over 25 years of experience, combined with the small firm personalization and attention to the detail indispensable in high net worth divorces. Each has successfully litigated and negotiated complex cases involving well-known individuals, business owners, and other professionals, and will use that experience to ensure your case is given the proper attention and privacy you require.
Our clients benefit from our well-established relationships with forensic accountants and actuaries skilled in the evaluation of assets. We know the importance of providing professional business valuation and accounting services from industry experts to develop a fair and equitable property division settlement in a timely and cost-efficient manner.
The challenges of a high asset divorce may include:
• Evaluation and division of assets (which may be held in trust);
• Valuation and division of business assets—especially when one spouse participates in a family-owned business, or one spouse has a medical or legal practice;
• The future earning capacity of one or both spouses, particularly when professional licenses or degrees were obtained during the marriage;
• The value of stocks, bonds, and real estate;
• Assessment and development of a strategic plan to handle the implications of property division to limit tax liability and prevent post-divorce tax issues;
• Valuation and division of deferred compensation, stock options, and other corporate benefits;
• Valuation of retirement funds such as pensions, IRA’s and 401(k) accounts;
• Determination and separation of non-marital property holdings that either spouse owned prior to marriage or properties that are deemed separate by nature like gifts or inheritances;
• Assessment of the worth of personal property assets as furnishings, automobiles, jewelry, art collections, club memberships, timeshares and vacation properties;
• Investigation of hidden or dissipated assets; and
• Review of impact of prenuptial and postnuptial agreements.