Las Vegas High Net Worth Divorce Attorney
You have worked hard your whole life. You have built a strong career for yourself that allows you to enjoy the finer things in life. The same success that has brought you a high net worth and property over the years, though, could present a problem if you are ending your marriage. Divorce cases that involve high net worth or high assets are some of the most complicated and you will face many unique issues. Below, our Las Vegas high net worth divorce attorney outlines what these are, and how to get the help you need.
Dividing Assets in a High Net Worth Divorce
It is not uncommon in high net worth divorces for the spouses to have acquired much of their wealth before they were married. In other instances, gifts and inheritances from relatives may also make up some of the property. Certain assets in divorce are considered separate, while others are considered marital property. Some of the most common types of property divided in high net worth divorces is as follows:
- Professional practices
- Stocks and partnership holdings
- Real estate trusts and investments
- Commercial real estate
- Private equity funds
- Hedge funds
- Retirement benefits
- Commodity-based holdings
- Executive compensation plans
- Stock portfolios
The above are just a few of the most common types of property divided in high net worth divorces. Classifying separate and marital property is not always easy, either. For example, if you owned a business before the marriage, it may still be classed as marital property if it contributed to the household. It is always important to speak to a Las Vegas high net worth divorce attorney who can advise on property division matters.
Alimony in High Net Worth Divorces
When two spouses earn significantly different wages and salaries, the court will consider alimony to make up for these inequities. Alimony is intended to support lower-earning spouses during and after the divorce. The courts will consider many factors when determining alimony, including whether one party forfeited employment or educational opportunities to support the other spouse’s career or to raise children.
Child Support in High Net Worth Divorces
In most divorce cases, child support is calculated using a formula. In high net worth divorce cases, however, this formula does not apply. Instead, a judge will consider many other factors to calculate a fair amount that will fully provide for the children and help them maintain the same standard of living as when their parents were married. Spouses are also more likely to be ordered to provide for a child’s college education, health insurance, life insurance, and dental expenses in high net worth cases.
Our High Net Worth Divorce Attorney in Las Vegas Can Offer the Legal Advice You Need
The above are just a few of the factors that impact high net worth divorce cases. At Ghandi Deeter Blackham Law Offices, our Las Vegas high net worth divorce attorney can advise on the other complex factors and guide you throughout the process so you obtain the full and fair settlement you deserve. Call or text us now at 702-878-1115 or chat with us live to request a consultation and to learn more.