High Net Worth and Assets in a Divorce
As a Former Prosecutor for the Illinois Attorney Registration and Disciplinary Commission, Susan is experienced on focusing on the financial details and will use her experience to analyze the detailed facts of your circumstances and the laws that apply to it. It is crucial to untangle the legal and financial intricacies and to find any hidden assets and debts before a final analysis of your situation can be made.
There are many issues that arise during a divorce regardless of the parties’ tax bracket, but those involving spouses in the higher tax brackets are often the most complex. It can be a challenge to divide significant assets when a marriage is dissolved. Therefore, it is important to hire an attorney who is experienced in handling complex financial matters. Susan strongly advocates for her client’s interests and financial priorities whether it is during settlement negotiations or at trial.
Divorce can stress your finances and affect your taxes. Each situation is different and depending on the facts of your case, your personal net worth could drastically decrease when your divorce is finalized. Typically, in high asset cases, retaining as many assets as possible is a high priority for clients. Susan has the knowledge, experience, and commitment to obtain the best possible results for her clients.
A high priority for high asset clients often includes protecting business interests. If you have a business interest including a family business, professional practice, or partnership, those business interests may be subject to division in your divorce, especially if you do not have a valid prenuptial or postnuptial agreement. Susan has dealt with many divorce cases that involve business interests and knows that these cases often involve a property division where the value of the business is offset by other marital assets.
Whether you have a business interest or other high value assets including retirement, real estate holdings, or investments, Susan makes sure that she is working with accurate and verifiable financial information. Susan is results driven and makes sure her clients receive a fair and equitable division of the marital assets. Susan works hard to obtain a thorough accounting of all marital assets and debts including pension valuations and business valuations. Often, these cases require working with a forensic accountant, appraiser or other financial and investigative professionals.
Susan has the experience and the legal knowledge that is necessary in dealing with complex property litigation and settlement issues involving:
- Valuation of a business including business assets and business debt;
- Valuation and protection of professional practices;
- Complex, high net worth and high asset value property division;
- Protection of investments;
- Uncovering of hidden assets;
- QDROs (Qualified Domestic Relations Orders) and QLDRO; (Qualified Illinois Domestic Relations Orders) and pension valuations;
- House and real estate valuation (including residential, commercial, vacant land, and timeshares);
- Complicated finance and debt issues;
- Prenuptial and postnuptial agreements; and
- High income and child support and maintenance (alimony) obligations.