Posted in Firm News
Divorce is rarely simple, but when significant assets are involved, the process often demands extra attention. A high net worth divorce isn’t just about dividing property—it’s about protecting long-term financial stability. Whether we’re dealing with business ownership, investments, or multiple properties, there are important steps we should take to avoid mistakes that could impact our future.
Business Ownership And Valuation
If one or both spouses own a business, it’s important to understand how that interest will be handled during the divorce. Determining the business’s value and separating it from personal finances can take time. In some cases, one spouse may want to maintain ownership, while the other receives assets to balance the division. Clear records and up-to-date valuations are essential to making fair decisions.
Dividing Investment Portfolios And Retirement Accounts
Investment and retirement assets may not always be straightforward to divide. We may be looking at taxable accounts, long-term retirement plans, or even stock options that haven’t fully vested. The timing of these assets, how they’re structured, and how they’re valued can all affect what each person receives. We also need to consider tax impact, which can vary depending on how the accounts are transferred.
Real Estate And Property Holdings
Multiple properties or real estate investments can become a central focus in a high net worth divorce. That may include a primary home, vacation properties, or rental units. In some cases, we’ll need to decide which properties to keep, which to sell, and how to handle any mortgage or rental income. Accurate property appraisals and clear ownership records help avoid confusion during the process.
Privacy And Confidentiality
With high value assets, privacy can become a concern. Financial details that become part of public court records may affect reputation or business relationships. That’s why many people in high net worth divorces choose to resolve their case through private settlement methods like mediation or collaborative law. These options give us more control over the process and keep personal matters out of the courtroom.
Spousal Support And Lifestyle Considerations
In some high net worth divorces, one spouse may have significantly more income or wealth. This raises questions about spousal support and whether both people will be able to maintain a similar lifestyle after the divorce. It’s not just about income—it’s about the long-term financial picture, including access to resources, earning ability, and the contributions each person made during the marriage.
Every divorce is unique, but high net worth cases come with additional layers that require careful thought. At Fait & DiLima, LLP, we understand what’s at stake and take a thorough approach to protecting our clients’ interests. If you’re looking for a Rockville, MD high net worth divorce lawyer to help you take the next step, we’re here to support you with practical and informed guidance.
