What qualifies as a ‘high asset divorce’?
Divorce under any circumstances involves emotional and financial risks, and parties to a dissolution of marriage need legal counsel to see that all matters are addressed appropriately.
However, if your marital estate is large or complex, it is critical that you are represented by a firm with the resources and experience to promote and protect your interests before, during, and after your divorce.
What is considered a divisible asset during a divorce?
- Your house or houses
- Any rental property
- Retirement accounts
- Bank accounts
- Your business/es
- Life Insurance
- Rare coins/stamps /collectibles /memorabilia
- Wine/ Alcohol
- All currencies including digital such as Bitcoin.
- Cars and other vehicles
- Furniture and other home furnishings
- Electronics (TV, computer)
- Airline miles
- Professional licenses
- The stuff under the fridge and in couch cushions
All elements of your estate need to be properly characterized; that business shares, retirement benefits, and real estate holdings are accurately valued; and that your divorce settlement agreement addresses the division of shared assets in a way that maximizes the benefits of available tax and investment options.
At Goldberg Jones, we have significant experience in dealing with investment accounts, securities, pensions, IRAs, 401(k)’s and other retirement vehicles.
We commonly represent business owners and executives in cases that require business or stock valuations. Our high income clients look to us to take into account their bonus and commission income accounts. Lastly, we look to avoid future harm to our clients by counseling them as to issues of spousal support and the validity and effectiveness of Prenuptial Agreements.