Anyone going through a divorce understands the emotional impact it can have, but for those in high net worth divorce, the financial implications are a crucial factor to consider. In addition to the emotional stress of leaving your partner, you must also consider the assets you’ve worked hard to earn. Because of this, a high net worth divorce is even more complicated than an average divorce. The additional financial aspect of such a divorce often invites bitter contention into the process unnecessarily.
If you are considering filing for divorce in Statesville, NC, and have a high net worth at stake, contact the lawyers at Lassiter & Lassiter. When you work with our team, you can trust that you have both a skilled and experienced law firm by your side – one who understands how to navigate the complex steps of high net worth divorce.
Seeking legal representation to guide you through this situation can not only help you understand the legal aspects of divorce and review your financial options, but it can also help bring you peace of mind in this challenging time.
Like all divorces, a high-net-worth divorce will require the division of financial assets. The involved parties might have to separate property and address child custody and child support. There are typically several assets that need to be distributed in a high-net-worth divorce, such as:
No matter what your goal is for the divorce, the right divorce attorney with experience helping those with high assets obtain the optimal arrangement can provide legal guidance. They can review your assets, assess your future risk, and provide informed, compassionate support for your situation. While no divorce is the same, we can help you determine how much it might cost you, considering your specific situation.
Statesville, North Carolina, uses the equitable division standard for property division. This means that in most divorce cases, marital property will be split 50/50 between the spouses. However, this is not a guaranteed outcome, especially in high-net-worth divorces. There are a few reasons why high net divorces are different when it comes to dividing assets. First, each spouse is required to submit a full financial disclosure statement as of the date of the separation. The financial disclosure statement includes all financial records, like debt, marital property, and financial records. A divorce attorney can walk you through all of this.
A judge will then work to ensure the equitable division of assets, so the division of money will depend on many factors. For example, the distribution of assets and property division will take into account factors such as:
A divorce attorney can help you review all your assets and the details of your unique financial situation that might impact the division of assets. Your attorney can make your divorce easy and clear by answering your questions, addressing your concerns, and setting realistic expectations.
Navigating a divorce can be confusing, and going through a divorce with significant financial assets can be more complex than the average divorce would entail. Hiring a divorce attorney can reduce stress and protect your assets. Your attorney can help you work to protect your current and future assets and make the most informed decisions throughout the divorce.
Your lawyer can handle all the complicated legal steps and clear up any questions or concerns that you might have. They can provide guidance with disclosing your finances and determining child custody if necessary. If you choose Lassiter & Lassiter to represent you, your attorney can also help you adjust your estate plan after your divorce.
High net worth divorces are complicated. Hiring a divorce lawyer can help you obtain a successful outcome for your divorce. They can also help you understand your options during the stressful, emotional experience of getting a divorce. For a high-net-worth divorce, it is especially useful to seek legal representation to protect your financial assets and offer support.
In a divorce in North Carolina, equitable division law presumes a 50/50 division of assets. However, assets are not always divided equally. Both parties must submit a financial disclosure report detailing all their financial information at the time of separation. A judge will consider many factors when deciding how to equitably split assets, like the income of both spouses and the length of the marriage. A divorce attorney can help you understand your options in a high-net-worth divorce and can work to help you achieve the outcome you desire.
Hiring a divorce attorney can help you protect your assets in a divorce. A divorce attorney has knowledge and skill in divorce proceedings and can take the time to closely look at your unique situation. Your divorce attorney can provide dependable legal advice and help you understand your options as you move forward with your divorce.
A divorce attorney can help you understand your options in a high-profile divorce. Your attorney can review all the details of your unique situation and set your expectations for all the steps in the divorce. They can handle all the administrative and procedural aspects of your case, including reviewing your assets and supporting you through determining child support. They can also help assess the impact of the divorce on your financial future.
Lassiter & Lassiter has over 50 years of providing legal advice for couples involved in high net worth divorces in North Carolina. We’ve built our legacy on comprehensive and attentive care for our clients in Statesville and the surrounding areas. Trust your divorce with our firm. Contact us today to get the legal help you need.
Call our office at 704-873-2295 or email us today.
Attorney Mike Lassiter grew up in Statesville, makes his living serving the people of Statesville and published a book capturing the changing landscape of small town life across North Carolina and Iredell County. His keen sense of history, dedication to the area and 30 years of legal experience make him an ideal attorney for your legal needs.
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