Kane County High Net Worth Divorce Lawyers
Attorneys for Divorce Involving High Value Assets Serving Aurora, Geneva, and Elgin
The logistics and emotions surrounding a divorce are often challenging. Married couples build a life together, as well as a financial estate during the marriage. Separating the estate once a marriage ends is a particular challenge. In particular, divorces involving high net worth assets offer additional difficulty.
The Kane County divorce attorneys at The Stogsdill Law Firm, P.C. provide skilled representation when high net worth divorces present unique challenges. Our attorneys are committed to protecting clients’ interests and seeing that their financial stability is a priority during the divorce proceedings. Divorce involving high net worth estates often involve sensitive issues, and our attorney provide aggressive litigation representation in the courtroom when the situation requires it.
Property Division and High Net Worth Divorces in Kane County
High net worth divorces may also bring other issues to the forefront, including child support, alimony/maintenance, tax strategies, business and stock issues and division of debt. Unlike common divorces, high net worth divorces may be more complex when dealing with these issues.
Distribution of marital property is a particularly challenging matter in high net worth divorces. In Illinois, marital property is divided fairly but not necessarily equally because it is an equitable distribution state. However, before the estate is divided, marital property and non-marital property must be identified and separated.
The classification of marital versus non-marital property often causes contention between the parties involved in a divorce. Our attorneys craft and present compelling arguments in order to advocate for clients’ interests in property division.
Determining the value of marital property is another component of importance in high net worth divorce matters. Complex assets, such as retirement plans and investments, as well as business valuations can be a particular challenge in property valuation matters. However, our attorneys have decades of experience handling marital assets with high value. We work with financial professionals to properly value marital property and obtain an accurate determination.
Additionally, our attorneys work with financial professionals skilled at forensic accounting and asset tracing in order to uncover any assets not accounted for in discovery. We have experience dealing with issues such as off-shore banking, which is becoming a particular trend those with high net worth might use to undervalue their assets. We also have worked to trace hidden assets in order to uncover any unreported property or investments.
Contact our attorneys at 630-462-9500630-462-9500 to schedule a consultation with one of our Kane County divorce attorneys. We will provide a realistic outline of the process and work with you to determine if your estate would benefit from working with an attorney skilled in handling high net worth divorces.