High-Asset Divorce Attorney in Rockville, MD

Fait & DiLima, LLP ensures divorce settlements are fair and reflective of the client’s interests.

Divorce, an already complicated issue, becomes more complicated where the parties co-own considerable assets: funds, properties, and other valuable items. You must provide inventories and proof of accounts for the court to consider. Maintaining your financial papers should be a top priority when going through a high asset divorce. Know what you own and compile the financial details of your interests.

At Fait & DiLima, LLP, our team of attorneys has experience in dealing with these situations. Whether you want to protect your assets or ensure fair treatment, contact our experienced Rockville high-asset divorce attorney for a consultation.

How Assets are Divided in a High-Asset Divorce in Maryland

The Equitable Distribution Concept is followed by the court, whereby it considers all the facts and arguments regarding every asset of the couple. Fair distribution is the goal, but that doesn’t necessarily mean 50/50, yet most times it is.

The court will consider the facts and arguments regarding every asset of the couple. That will become the basis of the decision, even in high-asset divorces.

As you can imagine, that would take a lot of time. Consult with our Rockville high-asset divorce attorney to know your options so that you can fast-track the process.

Property Valuation

For high asset divorces, the attorneys will need more time to calculate the value of each property at stake, and the settlement process may take longer. Your lawyer may need to employ experts to assess special assets, like art, very expensive furnishings, businesses, or stock options. Finding accurate value for certain types of assets can be complicated due to their volatile nature. In some cases, there is no baseline comparison. Because of the time consumed in inventorying and valuing expensive assets, such divorces are more expensive.

The assets needing to be valued routinely include homes, vehicles, and investment funds, but some types of assets are more challenging to evaluate:

• Collections of rare items such as art, wine, coins
• Intellectual property – trademarks, patents, and copyrights
• Stock options and stock from employment
• Professional practices, like law, medical or accounting
• Commercial real estate
• Interests in private and public businesses

Mediation Can Help

The entire process of high asset divorce can be exhausting, time consuming and expensive. To simplify the process, mediation can help. The goal is to come to a mutual agreement about most, if not all, the property. The mediator provides an unbiased voice of reason, balancing the discussion, and hopefully leading the parties to agreement.

Hiring A High-asset Divorce Attorney

A high-asset divorce attorney understands the unique situation you are in, both from a financial and emotional state. Working with our experienced Rockville high-asset divorce attorney can help account for the assets, eligibility, and entitlement.

The last thing you want is to get bogged down on details to the point that you find it challenging to make the right choices. Our job is to provide information based on the facts to help guide you towards your goal.

Schedule a consultation today by contacting our Fait & DiLima, LLP team.