At Hurst, Robin, Kay & Allen, LLC, we know that executing a divorce of high net worth requires not just experience, but a deeper understanding of finances and how to hold negotiations with both tact and precision. Our team offers grounded and strategic legal services for clients who are facing the challenge of divorce with substantial assets potentially at risk. Our Highland Park, IL high net worth divorce lawyer is well-versed in handling divorces with valuable assets, from the portfolio valuation to spousal support negotiation, and marital asset division. We know that every case is unique to those involved and requires a personalized approach. We can make sure that your best financial interests are protected while working for the most favorable outcome. Please contact us today if you would like immediate assistance.
How To Protect Marital Property
Division of marital property during a divorce can be difficult, especially in cases with high net worth. Our high net worth divorce attorney has thorough knowledge of the factors involved in this process. Marital property division is not only about splitting assets, it is about equitable and fair distribution that addresses the contributions of each partner during the marriage. This property is all the debts and assets incurred by either spouse during the marriage, no matter whose name is listed on the title. This can be bank accounts, real estate, retirement accounts, investments, business interests, and debts. The first step in a division process is to distinguish which assets are marital or nonmarital. Our high net worth divorce attorney can make sure that your property is protected during the division process.
When To Prepare For Divorce
Divorce is a significant event in any person’s life that can be financially and emotionally draining. When handling a high net worth divorce, there are more complexities to contend with versus your standard divorce. Having reliable legal guidance from a high net worth divorce attorney allows for the process to move through more effectively. This includes knowing which assets may be divided, the grounds for the divorce, child custody and support, and alimony. For high net worth divorces, these topics become more nuanced because of the larger assets involved. When preparing for divorce, our Highland Park high net worth divorce lawyer suggests doing the following:
- Gather your financial documentation
- Set realistic goals about the outcome
- Consider alternative dispute resolution
- Prepare for emotional challenges
- Protect your privacy and use discretion
Hurst, Robin, Kay & Allen, LLC
Our team at Hurst, Robin, Kay & Allen, LLC understand the unique challenges of high net worth divorces. We can carefully address the financial aspects and provide personalized legal strategies that help get you the outcomes you are looking for. We are committed to guiding clients with professionalism that safeguards their personal dignity and best interests. Clients in the Chicago and nearby areas can expect to receive only the highest quality legal services. We are empathetic in our approach because we know that this is going to be a life changing process. Contact our Highland Park high net worth divorce lawyer today so we can learn more about your situation and get to work for you right away.