Attorneys Providing Smart, Sophisticated Representation In High-Asset Divorce
Divorce is a process that sets numerous other family law processes in motion, including child custody and support. However, divorce itself is largely focused on financial matters like the equal division of assets. This can be complicated and fraught in any divorce, but especially so when a couple has significant wealth or complex assets.
It is important to consult an attorney who is knowledgeable, skilled and experienced in high-asset divorce. In Tacoma and throughout Pierce County, you can find such attorneys at Schroader, Steele & Associates. Our two lawyers bring more than 20 years of combined legal experience to each case. They understand the legal, logistical and even interpersonal difficulties posed by a high-asset divorce, and they will work tirelessly to protect your interests.
Identifying Property And Assets To Be Divided
While there is no standard definition, many attorneys consider a divorce to be a high asset if the couple has more than $1 million in combined assets.
Common assets that may be divided in a high-asset divorce include:
- The marital residence and any real estate holdings
- Business interests and partnerships
- Stock options and investment portfolios
- Retirement accounts, including 401(k)s and pensions
- Luxury items and collections (art, cars, jewelry)
- Offshore accounts and international investments
Washington is among only a handful of states using the “community property” model of asset division. This principle requires that marital assets be divided equally between both spouses. However, there may be disputes about both the classification of assets and their value in light of tax implications, liquidity and fluctuating market value. The complexity of these divorces makes it crucial to seek the help of a highly regarded attorney like those at our firm.
High-Asset Divorces Present Unique Challenges
High-asset divorces differ from standard divorces in several key areas beyond just the net worth of the couple. These cases often require the assistance of outside professionals and experts, including forensic accountants, appraisers, business valuation experts, financial planners and more.
They are also more likely to be contentious, potentially involving disputes over the valuation of high-value assets or each spouse’s stake in a closely held business.
It is beneficial to work with an attorney who can adapt their approach to whatever your case requires. At our firm, for instance, we believe that cooperation and negotiation often produce the best outcomes in divorce cases. When possible, we strive to be a symbol of hope for families during conflict. At the same time, however, we know that high-asset divorces are likely to involve asset disputes that must be resolved through litigation. When you require a warrior, our attorneys are ready to go to battle for you.
Contact Us To Discuss Your Legal Options
Schroader, Steele & Associates serves clients throughout Pierce County, Washington. To learn how our skilled family law attorneys can help you, contact us to schedule a consultation. Call our Tacoma office at 253-617-7525 or send us a message online.