Dividing property is one of the largest and often most complex parts of a divorce case, which can also make it one of the most contested and emotionally strenuous. While every couple has assets they must divide amongst themselves, certain types of assets must go through specific processes and figuring out who has a legal claim to which assets or possessions can be a tricky task. This is particularly true for couples who own substantial assets and have a high combined net worth. If this is the case for your divorce, it’s strongly advised you retain a Henderson divorce attorney who can help you navigate your case with confidence.
At McDonald Law Offices, PLLC, we have helped numerous clients find the optimal solution for themselves and their families when it comes to family law matters. We take a team approach to each case, offering large-firm knowledge in a small-firm package that gives each client the personal attention their case deserves. Our effective and successful efforts have earned us numerous recognitions, including being selected to Super Lawyers® and being AV® Rated by Martindale-Hubbell®, two prestigious industry accolades. With decades of experience and hundreds of successful cases to our name, you can trust your case is in capable hands and your best interests are being looked after.
Seek assistance with your high asset divorce matter by calling McDonald Law Offices today. Schedule your initial consultation by dialing (702) 850-8004.
The key to property division in a divorce is to understand what the court considers to be individually-held property versus marital property. Individually-held property is generally anything that a spouse brought into the marriage and kept separate throughout, such as a car they purchased previously and maintained as their own. However, marital property is anything that was obtained during the marriage or that both spouses contributed to. Dividing these assets is significantly more complex.
High net worth divorces frequently feature complex matters, such as:
Determining ownership of these assets can be difficult. Longer-lasting marriages mean more property is considered to be community property, meaning both spouses have a claim to possession. Spouses also need to consider any residual forms of income and how those funds must be divided. Courts may issue a qualified domestic relations order (QDRO), which can order a portion of things such as retirement funds or savings be deposited in a spouse’s accounts.
If you need assistance with a high net worth divorce, contact MacDonald Law Offices, PLLC now to get started with your case!