Towson High Asset Divorce Cases Lawyer
By their very nature, divorce cases always have the potential to be very complex. You have a lot to consider including children you have with your spouse, what will happen with the family home, and more. If you or your spouse has a great many assets, though, or earns a much higher income than you, your case may present additional challenges. A Towson high asset divorce cases lawyer can help you overcome them so you obtain the full and fair settlement you are entitled to.
How Assets are Divided in a High Asset Divorce Case
Regardless of the amount of assets in a divorce case, property is divided fairly. Contrary to what many people think, this does not necessarily mean property is divided equally, or 50/50. When making decisions on the division of property, a judge will consider many facts about the property the couple owns, and the arguments delivered by both sides. This can take a great deal of time, particularly when there are many different high worth assets to consider. A Towson high asset divorce cases lawyer can provide advice on how to expedite this process.
Challenges Associated with a High Asset Divorce Case
There are many different challenges associated with high asset divorce cases. The first is that these cases typically take much longer than other types of cases. The lawyers for each side require additional time to determine the value of every asset that is at stake, making the settlement process take much longer. It is natural to want to rush this process in an attempt to simply get it over with, but that is usually not the right decision and can cost you in the end.
The longer any divorce case takes, the more expensive it is. Professionals are often required in high asset divorce cases too, as they can help assess the value of the property. Valuing property requires the value of every asset owned jointly or separately to be calculated. This can include investments, vehicles, homes, vacation properties, and more. Although this process may seem straightforward, some assets are much more difficult to value than others. These include:
- Rare collections, including wine, art, and coin collections
- Intellectual properties such as patents, trademarks, and copyrights
- Unvested stocks and other investments
- Professional practices such as legal, medicine, and accounting
- Commercial real estate
- Interests in public and private businesses
The above assets are just a few that are very difficult to calculate in high asset divorce cases. A Towson divorce lawyer will have a network of professionals who can help calculate these, and any other asset involved in a divorce case.
Our High Asset Divorce Cases Lawyer in Towson Can Assist with Your Case
If you have substantial assets and are getting a divorce, you need strong legal advice. At Lebovitz Law, our Towson high asset divorce cases lawyer can provide it while protecting your rights so you obtain the fair settlement that is justly yours. Call us now at (410) 657-6494 or reach out to us online to schedule a consultation.