Navigating a divorce can be a tense experience for any couple. However, if you and your spouse share assets that have a high monetary value, the process can be even more stressful. If this describes you, then you surely have many questions and concerns regarding your continued rights to property that has been under your control during your marriage. You have invested time, money, and energy into the things that matter to you, and the division of assets will clearly impact your estate. If you have children, whether young or grown, additional considerations also need to be addressed. A high-asset divorce lawyer is experienced in recognizing the interests of both spouses when dividing a wealthy couple’s assets.
High-asset divorces require a higher degree of attention and management than other divorce cases. A high-asset divorce occurs when at least one spouse has over $1 million in assets. Sometimes, one spouse has many more valuable assets than the other. There are also times when both spouses share the entirety of their wealth and need to split it fairly when they divorce.
Working with an attorney throughout the divorce process is essential to ensure that you protect your substantial wealth while seeking a fair division of the marital property.
North Carolina follows an equitable distribution method for dividing property in divorce cases. This method allows a judge to divide property in a way that is fair to both spouses.
However, “fairness” can be subjective for couples with valuable assets. A judge will consider all of the following when determining how to split assets fairly:
While the division may be unbalanced, the goal is to divide the assets fairly and justly. Speak with our high-asset-divorce legal team to schedule a case review.
High-asset divorce cases can present several unique challenges, as compared to traditional divorces. Fairly dividing high-value assets between spouses can take time, and many other factors can further complicate this process.
Because high-asset divorce cases involve the division of many valuable items among the two parties, couples have a lot to lose if the process does not meet one or both parties’ subjective standards of fairness. Spouses also generally need to spend more effort locating the financial documents pertaining to their legal proceedings, and this sometimes requires the assistance of a forensic accountant.
When determining the division of assets, the judge needs to examine any prenuptial or postnuptial agreements the spouses have created. High-asset divorce cases become even more complex when they also must address child custody, child support, and alimony issues.
You should streamline and simplify a high-asset divorce by working with an experienced divorce attorney. Your attorney can help you navigate your case confidently and seek a fair outcome.
When one spouse makes significantly less money than the other spouse in a divorce case, the lower-earning spouse may qualify for alimony or spousal support. This benefit requires the high-earning spouse to make either a lump sum payment to the other spouse, or monthly payments for a designated period.
A judge will examine several factors to determine whether to award a spouse alimony in North Carolina. Of course, each case has different facts and issues to address. Relevant factors may include, among others:
If you would like to seek spousal support in your divorce case, working with a qualified high-asset divorce lawyer is essential. Your lawyer can help you make your claim in front of the judge and gather evidence to support your need for alimony.
North Carolina is a “no-fault” state for divorce. This means neither side needs to prove that the other was at fault for the divorce. Couples do not need to cite a reason for seeking a divorce.
However, the couple must first live separately for one year before proceeding with the divorce process. At least one spouse must have lived in North Carolina for at least six months before filing for divorce. Once one spouse has filed for divorce and the other spouse has been served, that spouse has 30 days to respond.
Your ability to agree on post-divorce terms (whether the divorce is uncontested or contested) will be an important factor affecting the complexity and duration of your divorce process. It is important to involve a lawyer early in the process. Your high-asset divorce attorney at Speaks Law Firm, PC, Family Law Division can help you prepare for and understand the qualifications and processes for divorce in North Carolina.
Working with high-net-worth divorce attorneys can benefit your divorce case in many ways. Your attorney can:
At Speaks Law Firm, PC, Family Law Division, we have extensive experience helping divorcing couples navigate complex circumstances.
In your divorce case, who speaks for you? Contact our high-asset divorce lawyer team today to schedule a case review.
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