High Asset Divorce
Divorce under any circumstances involves emotional and financial risks, and parties to a dissolution of marriage need legal counsel to see that all matters are addressed appropriately.
However, if your marital estate is large or complex, it is critical that you are represented by a firm with the additional resources and experience necessary to promote and protect your interests before, during, and after your divorce.
What can be considered Assets?
- Your House
- Any rental property
- Retirement accounts
- Bank accounts
- Your business/es
- Life Insurance
- Rare coins/stamps /collectibles /memorabilia
- Intellectual property
- Wine/ Alcohol
- All monies including digital such as Bitcoin.
- Cars and other vehicles
- Furniture and other home furnishings
- Airline miles
- Professional licenses
- The stuff in the junk drawer you haven’t seen since you were newlyweds
Is high asset divorce handle differently?
Only when working with a lawyer with the appropriate experience can you be sure that all elements of your estate will be properly characterized; that business shares, retirement benefits, and real estate holdings are accurately valued; and that your divorce settlement agreement addresses the division of shared assets in a way that maximizes the benefits of available tax and investment options.
At Goldberg Jones, we have significant experience in dealing with investment accounts, securities, pensions, IRAs, 401(k)’s and other retirement vehicles.
We commonly represent business owners and executives in cases that require business or stock valuations. Our high income clients look to us to take into account their bonus and commission income accounts. Lastly, we look to avoid future harm to our clients by counseling them as to issues of spousal support and the validity and effectiveness of Prenuptial Agreements.
Related Reading: How To Protect Your Business In Divorce
Related Reading: Is Oregon a Community Property or Equitable Distribution State?