High Net Worth Divorce in Milwaukee
A divorce can already be stressful, but when wealth is involved it often becomes more complex and difficult. If you’re struggling with your high net worth divorce, you may need a local attorney to guide you. Fortunately, you don’t have to simply hope for the best when splitting your property. Our divorce attorneys at Karp & Iancu have been handling divorce cases for over 45 years. We can help ensure you get the fair split you deserve, inside or outside the courtroom.
Dividing High Net Worth Assets
High net worth divorces are especially complex when many of your assets aren’t cash, which makes divvying up your bank account more difficult. Instead, you might have some of the following high-worth assets:
- Real estate
- Business shares
- Intellectual property
All property gained in the course of the marriage should be split equally, though that may be affected by the length of your marriage and other factors. You’ll also need to clarify what property was yours before the marriage and what was gained after. For example, you may have inherited one hundred acres of land from a relative, and that asset may be treated differently.
If you’re not sure how to fairly split your high-worth assets, speak to a local attorney before you decide. They can help you calculate your worth and do what’s possible to distribute your assets fairly.
Determining Spousal Support
Whether you’re the higher-earning partner, or you’re a stay-at-home parent, the issue of spousal support may come up. If one spouse is unable to work because of a disability or lack of education, their quality of life could change drastically after the divorce.
As such, you or your spouse may also consider spousal maintenance, also known as alimony. These payments are decided based on many factors and are there to help you or your spouse maintain a good quality of life. These payments may also be used for education or training so the supported spouse can raise their own earning capacity.
If you’re concerned about paying or receiving spousal maintenance, seek out a lawyer for help. We can help you determine the worth of those payments and fight for a fair agreement.
Protect Your Assets
If you’re facing a divorce that will likely result in having to split up high-worth assets, protecting those assets for yourself and your children for the future is likely a top priority. However, that can be tough as you determine how to divide your property fairly. You may be concerned that a split down the middle won’t be fair.
We understand how complex a divorce dealing with high-worth assets can be, and we can help you fight back to protect yourself and your assets. When you’re ready to protect your property, reach out to one of our top lawyers at Karp & Iancu by giving us a call or filling out the form below.