Why Are High Asset Divorces So Complex?

Why Are High Asset Divorces So Complex?

Going through a divorce is not easy for anybody, regardless of whether or not the divorcing couple has significant assets.

However, for those who have been married for a while or have particularly complex property arrangements, the divorce process can be complicated. Here, Emy Cordano wants to discuss what a high asset divorce is, why it is so complicated, and who you can call for help in these situations.

WHAT IS INVOLVED IN HIGH ASSET DIVORCE? Perhaps the most cumbersome aspect of a high asset divorce is the complicated financial network often weaved during the course of the marriage. Utah law requires an equitable division of marital property in order for a divorce to finalize. In order to determine what is equitable, the totality of a couple’s assets must first be understood.

For those with significant assets, this can include: Multiple savings and checking accounts

Taxable brokerage accounts

Various real estate holdings

Business valuations

Retirement accounts

Investment portfolios

Restricted stock units

Stock options

WHAT WILL AN ATTORNEY DO IN THIS SITUATION? Many couples begin the divorce process thinking they can handle everything by themselves. However, these situations can unravel quickly, especially when emotions get involved. This may include securing assistance from:

01 02

Valuation appraisers for an estate Forensic accounting experts

Private investigators Business valuation experts

03 04

WHAT ABOUT ALIMONY PAYMENTS? Alimony payments may be ordered in cases where the divorce will lead to a spouse with significantly fewer means than they were accustomed to during the marriage. High asset divorce cases often result in more complex alimony situations. This is especially true if only one spouse was the primary income earner in the marriage.

WHAT ABOUT CHILD SUPPORT? While the Utah family court system has a calculator used to determine child support payments, this calculator may be nearly irrelevant in high asset cases. Children of high earning parents often have additional expenses that need to be maintained in the aftermath of a divorce. This includes private schooling, expensive hobbies, camps, employment of a nanny, college tuition, and more.

LET EMY CORDANO HELP YOU TODAY

If you are going through a divorce or are considering going through one in the near future, and there are significant assets in your marriage, contact a Salt

Lake City divorce attorney Emy Cordano, who handles every aspect of your case. Her goal is to ensure that you are treated fairly throughout the divorce process and that includes financially.

ADDRESS

6465 S 3000 E, Suite 103, Salt Lake City, UT 84121

PHONE

801-804-5152

WEBSITE

https://www.cor-law.com /contact-us.html

CONTACT DETAILS:

THANK YOU!