While divorce is never easy, a high net worth divorce lends itself to complications that divorce without high assets does not. Spouses facing high net worth divorces must seek out and retain attorneys who specialize in handling these matters.
At Twyford Law Office, our attorneys have the skills and resources necessary to evaluate and resolve high net worth divorces. This enables you to move forward with your life confidently and in the strongest financial position possible.
The high net worth attorneys at Twyford Law Office provide representation that is:
Contact our Seattle office today to discuss your high asset divorce matters with a divorce attorney in Seattle, including, but not limited to:
At Twyford Law Office, our high net worth attorneys will start your divorce case right away. This generally means employing experts and specialists to conduct analyses and valuations of your personal and business interests.
We also do the following:
With high assets, it is imperative you have competent legal representation throughout your divorce case. At Twyford Law Office, our high net worth attorneys will create a legal strategy centered around you and your divorce goals.
Contact our office today to discuss how one of our high net worth attorneys can represent you in your divorce action.
A high net worth divorce is any divorce where one spouse has more than one million in assets. While a high net worth does not affect the process of filing for or finalizing a divorce, it does have an impact on future tax liability, generally takes longer to complete, and involves more experts like accountants and economists.
In a high net worth divorce, the court thoroughly inspects both spouses’ financial records. If either spouse submits incorrect information, they are subject to an IRS investigation. The court reviews the following in a high net worth divorce:
Washington is a community property state. This means that all property or debt accumulated during a marriage is presumed to belong to both parties. Property acquired before the marriage, received as a gift or inheritance, or is compensation from a personal injury settlement, is considered separate property.
Washington law requires property division in a divorce be “just and equitable.” This does not mean it must be equal. Property is divided based on the court’s determination of fairness.
The court distributes property based on the following:
While fault is not a factor when dividing property, behavior intended to and resulting in waste or destruction of property could be considered during property distribution.
Parties to a divorce are required to disclose all shared assets for property division. Spouses who fail to do so may face penalties or sanctions.
Common ways a spouse may attempt hiding assets include:
At Twyford Law Office, our high net worth divorce attorneys have decades of combined experience. This gives us the ability to protect and represent you in your high net worth divorce. Do not place your assets at risk; meet with the skilled Seattle counsel at Twyford Law Office right away.
Rest assured, your case evaluation at Twyford Law Office will remain completely confidential. Contact us online to schedule a free consultation.