February 21, 2019
February 21, 2019
A divorce is a painful experience for any couple, but high net worth divorces present their own unique challenges that must be addressed. With the assistance of an experienced Indiana divorce attorney, the divorce process goes much more smoothly.
In many divorces, the couple owns a home and perhaps two vehicles. However, in a high net worth divorce, the couple may own several vacation homes, businesses, boats, investment properties, and multiple vehicles. Each of these items must be assigned a value before it may be divided. In some cases, an accountant must be hired to assist with the valuation.
Similarly, complicated tax liabilities may be possible in high net worth divorces due to the types of assets the couple acquired during their marriage. To avoid tax penalties, audits, and other action from the IRS, hiring an attorney is necessary.
In high net worth divorces, the parties may be more likely to have money in offshore accounts or in accounts that are difficult to locate. Divorce attorneys have the tools needed to identify and locate all marital assets to ensure each party receives a fair distribution of the marital estate.
Indiana allows the award of spousal maintenance, or alimony. In high net worth divorces, spousal maintenance is especially common if one spouse made significantly more money than the other. Because an award of spousal maintenance requires a careful examination of many different factors, it is important to have an experienced divorce attorney help with this issue.
At Webster & Garino LLC, we are prepared to help with your high net worth divorce
The divorce attorneys at Webster & Garino have assisted Indiana clients with high net worth divorces. To schedule a free consultation at our Westfield office, call 317-565-1818.