There are a number of considerations that need to be taken into account for higher-net-worth individuals during a divorce. With more financial assets to divide, there can often be more contention during these proceedings as well, making it essential that you work with an attorney who has sufficient experience handling high-net-worth divorce.
With over 35 years of experience, Reno divorce attorney Thomas C. Bradley knows how to help clients navigate cases involving high-net-worth and the unique challenges they pose. If you are preparing to go through a divorce or currently involved in proceedings that include asset division, shared business interests, or other complex issues, please call 775-323-5178 to schedule a consultation with Attorney Bradley and learn how he can help.
Factors in High Net Worth Divorce Cases
Factors that may come into play during high-net-worth divorce include:
- Prenuptial agreements
- Alimony/spousal support
- Property and asset division
- Investments and saving accounts
- Business valuations
- Child support and custody
While not unique to cases involving high-net-worth couples, theses issues can be decidedly more complicated during divorces proceedings between couples with substantial wealth or assets. It is important to have an experienced divorce lawyer on your side as soon as possible to avoid common mistakes and ensure that your best interests are protected.
Complex Property Division
The equitable distribution of property and assets is essential in high-net-worth divorce cases. This helps ensure neither party is left in a shockingly different finical position.
Attorney Bradley will carefully evaluate the value of your existing property, including vacation homes, farm and ranch assets, 401(k)s, IRAs, and joint or individually owned businesses, and fight for the best outcome possible.
In some cases, forensic accountants will be utilized to ensure no assets are being hidden, a common tactic used in high-net-worth divorce cases that often results in unintended consequences. Other actions that can result in unintentional consequences include:
- Failure to consider tax penalties
- Failure to fully understand assets
- Rushing into an agreement to get things over with
It is important that you not make emotional decisions during a high-net-worth divorce or allow anger or guilt to force you into compromising positions. This is another reason it is essential that you work with an experienced divorce attorney who is willing to be the voice of reason while continuously fighting for your best interests.
Attorney Bradley can Help
High-net-worth divorces are more likely to be long and contested than divorces in which very little property or wealth is being divided. You need an attorney on your side every step of the way to help reduce your risks and ensure the best outcome possible.
Attorney Bradley has been named a Top Trial Lawyer by the American Trial Lawyers Association, but is also an experienced mediator who will work towards the most effective solution for your divorce to help you achieve the best possible outcome. Handling every case personally, Mr. Bradley will not pass you off to another attorney or paralegal – he will take time to answer every question you have along the way and work directly with you until your case is resolved.
Dedicated and effective, Attorney Bradley has been in private practice for over two decades, but continues to view each case as unique. Applying his knowledge and resources appropriately, Mr. Bradley truly listens and tailors his approach and representation to meet the exact needs of the individual client.
If you are undergoing or preparing to file for divorce in Reno, Sparks, or surrounding areas of Western Nevada, please call Thomas C. Bradley at 775-323-5178 to schedule a consultation and learn how he can help.