Experienced Legal Guidance In High-Asset Divorce And Complex Property Division
Divorces involving substantial assets and high earners can complicate asset division and financial support. However, these cases also present more opportunities for creative solutions. The key is to work with a lawyer who can flesh out those opportunities while protecting your key interests.
The Ohio family law attorneys of Mahaffey & Associates, Attorneys & Counselors at Law, have experience with high-asset divorce cases. We have represented professionals and business owners, as well as their lesser-earning spouses. Our goal is an efficient and practical out-of-court settlement, but we are prepared to litigate in high-stakes divorce situations to win your fair share.
Retirement Portfolios And Other High Net Worth Considerations
When it comes to the distribution of property, high-asset divorces require extensive analysis on the front end to identify any separate property, properly value the marital assets and gauge true income. We enlist other professionals as necessary to get an accurate picture of the estate and pursue a comprehensive settlement that takes into account:
- Pensions and 401(k) savings
- Stocks, investments and deferred compensation
- Possession of the marital residence
- Other real estates
- A closely held business or professional practice
- Self-employment income
- Debts and liabilities
- Deviations from the child support guidelines
- Spousal support (alimony)
- Prenuptial agreements
For many couples, retirement accounts are the largest share of their net worth. We commission a qualified domestic relations order (QDRO) to determine the proportional division of retirement benefits under Ohio’s equitable distribution statute. The QDRO can in turn be used to negotiate for other considerations such as a full stake in a business, equity in the home or the amount of alimony.
Is Your Spouse Hiding Assets?
One of the biggest risks in a high-asset divorce is the idea that your spouse may be trying to hide assets to prevent you from getting your fair share. There is seemingly no end to the creative tactics some people use. They may try to undervalue their own business or delay business deals that could increase the value of the company. They may set up overseas accounts or phony investments. They may even gift money to people they know with the understanding that they’ll get it back once the divorce is over. In some cases of infidelity, the cheating spouse spends lavishly on their new partner to deplete marital assets.
If you believe your spouse is hiding assets, our attorneys will work diligently to uncover that deception and ensure that you receive your fair share of the marital estate. In addition to our own investigative skills, we sometimes work with forensic accountants and other financial professionals to expose what was so carefully hidden. We will then ensure that the judge is aware of your spouse’s unethical behaviors.
Committed To Your Best Interests
We work to ensure that the outcome serves your short- and long-term financial interests, allowing you to maintain your lifestyle as you move forward with your life.
We offer free initial phone consultations to discuss your unique situation and concerns directly with a lawyer. Call us at 419-741-0111 or contact us online. We accept all major credit cards and can meet clients at our office in Sylvania.