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If you are thinking about ending your marriage to a wealthy spouse, a Shoreline high asset divorce lawyer from our firm could help you. There is a lot to consider. The laws about determining marital and non-marital assets are complicated. Our seasoned divorce attorneys could review your case and guide you through the property division process.
At Twyford Law Office, we are dedicated to finding the right solutions for our clients’ divorce matters. We could advocate for you and your legal rights throughout the divorce process.
Dividing assets can be challenging for divorcing spouses who accumulated substantial wealth during their marriage. These assets may include:
A high asset divorce can involve asset valuation and business ownership considerations. Tax implications are also a factor when making an asset division. Our Shoreline high net worth divorce lawyers often use appraisers and forensic accountants to ensure the full inclusion of all property in the division.
Marital assets can include all income earned by both spouses during the marriage. The marital home and other real estate they purchased throughout the marriage are marital assets. If either party accumulated a 401(k), pension, or IRA during the marriage, it will likely be a marital asset. Financial assets can include bank accounts, stocks, and other investments. Businesses acquired by either spouse during the marriage are also marital assets.
The law considers marital assets as community property and typically requires their equal division between the parties. You may be thinking, “I want a Shoreline divorce attorney near me to determine which of my highly valuable assets are marital and how to divide them with my spouse.” Our legal team could assist you with this.
Non-marital assets can include real estate or other property that either party owned prior to the marriage. An inheritance one spouse received during the marriage may be a non-marital asset. However, if they comingled or combined their inheritance with marital assets, it may no longer be separate property. Assets that either party received after the date of separation are also non-marital.
A court can determine which assets are non-marital and has the discretion to divide them to achieve an equitable division of the parties’ property. Our Shoreline legal team could answer your questions about property division in high net worth divorces.
If your marriage to a wealthy spouse is ending, you may be wondering, “Which Shoreline high asset divorce lawyer near me could protect my interests?” An attorney from Twyford Law Office could guide you through the legal process and help you distinguish between marital and non-marital assets.
Our legal team understands that the divorce process is complicated and that dividing assets can have a significant impact on your financial future. Contact us today to schedule a consultation.
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