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The size of a marital estate has little bearing on the emotional consequences of a divorce; however, the process can become decidedly more complex when substantial assets are involved.
When divorcing individuals have a high net worth or a substantial marital estate, the division of property can become complicated and contentious, with disputes arising frequently. It’s not uncommon for these high net worth individuals to have marital estates that include real estate holdings, business interests, complex trusts, investments, retirement accounts and international assets. The addition of these types of assets can severely complicate divorce proceedings involving individuals with a high net worth, making an equitable division of marital assets challenging.
At Samuel J. Stoorman & Associates, P.C. our attorneys have many years of experience assisting clients with complex, high value marital estates to achieve a favorable division of property in a divorce.
If you are considering divorce and you or your spouse owns a business, professional practice, retirement assets, real estate holdings or other significant assets, it is important to consult with a Colorado high net worth divorce attorney who is qualified to assist in these matters.
At Samuel J. Stoorman & Associates, P.C., our attorneys have significant experience handling high net worth divorces and complex marital estates for clients throughout the front range of Colorado. We offer comprehensive, results-driven divorce representation that is focused on preserving our client’s assets and securing their post-divorce future.
Our attorneys can assist you with a wide range of legal and financial issues as we guide you through the divorce process. In a high net worth divorce with substantial assets at stake, it is especially important that matters involving property division and equitable distribution are handled with the utmost care and attention to detail. We will provide you with that attention and care.
Division of Property
The equitable distribution of property can often become fiercely contested and challenging to resolve in divorce cases with high value assets. Our highly experienced attorneys will work to divide property in a manner that is fair and equitable. We have often utilized various creative approaches to the division of property to achieve an acceptable settlement agreement.
Often times, we will engage the services of a variety of well-respected specialized industry experts. For example, forensic accountants can help uncover hidden assets, business evaluators can assess business interests and commercial holdings, and vocational experts can help determine whether a spouse is underemployed and if support should be awarded to a non-working spouse.
Evaluation of Business Assets and Commercial Holdings
High-asset divorces can also involve conflict over the determination of value and distribution of business assets. The attorneys at Samuel J. Stoorman & Associates, P.C. have represented many clients whose marital estates included professional practices, commercial businesses, substantial real estate holdings, interests in trusts, stock options, financial services companies, retail enterprises, manufacturing concerns and international assets. We have represented many doctors, dentists, professional athletes, entertainers, lawyers, and other high profile clients who have presented complex marital estates for division.
Determining Financial vs. Sentimental Value
Some assets, such as real estate, art collections, jewelry, specialty automobiles and prized antiques can have both financial and sentimental value. Our attorneys are skilled at determining the full value of these assets and making sure that our clients receive their full equitable share.
Our attorneys provide comprehensive representation for individuals engaged in contested matrimonial proceedings where significant assets, investments or business interests are involved. Our unique ability to identify and examine the key elements in proceedings involving high net worth individuals gives our clients the advantage in asset preservation and the protection of their financial interests.
Our firm has access to leading experts in business valuation, forensic accounting and other fields who can help identify and value assets in divorce cases involving assets of substantial value. We are prepared to identify, examine and address a broad range of issues that can surface in a high asset divorce, including:
- Retirement Assets (pensions, 401(k)s, IRAs)
- Real Estate Holdings
- Valuation and Division of Business Assets
- International Assets
- Art & Antique Collections
- Suspected Hidden Assets
- Enforceability of Prenuptial or Postnuptial Agreements
- Tax Issues Related to Complex Property Division
It is not uncommon for the income of one or both spouses to suffer an unexplained reduction when a divorce is imminent. When a person’s income falls below his or her earning potential or certain income is not clearly known and does not show up on paper, the courts may impute income to that person. By imputing, the court is essentially increasing the person’s reported income to the level of “earning potential” when calculating child support and/or spousal support.
Imputing income is one of the many issues our legal team can help you understand as we navigate you through the divorce process involving high-value assets.
We represent clients throughout the front range of Colorado.Schedule a Divorce Case Evaluation Today