July 13, 2017 written by Kate Nelson
While some divorce cases are pretty straightforward and do not take substantial amounts of time and money to resolve, other divorce cases are extremely complicated. When a couple owns significant assets, the property division and debt allocation process can take some time and result in a highly contentious dispute. Dividing many high-dollar assets also may require the input of different experts, such as appraisers and accountants. If you are in this situation, then, it is essential that you have the advice of an experienced high-asset divorce attorney.
Since high-asset divorces can involve unique challenges related to property valuation and division, only an attorney who is accustomed to handling these types of cases will be able to provide you with the legal representation that you need. A high-asset divorce may involve such complex issues as the valuation of minority business ownership interests, family businesses, stock shares, stock incentive plans, pensions, and other high-value assets. Depending on the situation, alimony also may be an issue, especially when one spouse did not work throughout a lengthy marriage. Whether alimony is appropriate in a particular case, how much alimony should be, and how long alimony should be paid are all complex, fact-sensitive questions that your lawyer must address in a high-asset divorce case.
Many high-asset divorces involve ownership interests in businesses. Whether your spouse owns his or her own business or simply holds an ownership stake in another business, it is essential to properly value that interest or business in order to ensure that the parties’ property is divided in a fair and equitable matter. We will work with forensic accountants and other professionals, if necessary, in order to determine the appropriate valuation of that interest.
Divorce cases involving significant assets can be very complex, so you will need to consult a Washington divorce attorney about your rights and obligations under Washington law. With our legal knowledge of Washington family law, we can help you make the decisions in your case that will best benefit you and your family from a financial perspective. We are here to answer your questions, ease your mind, and help guide you through what is likely to be a difficult proceeding. At Ashby Law, we handle family law cases that involve all types of issues, including child custody, paternity, child support, property division, and spousal support. Contact our office today and see how we can assist you with your Washington family law case.