Multiple legal and financial challenges are associated with divorces involving substantial wealth. This is why Louisville high asset divorce cases require an experienced divorce attorney. The most interesting fact about these cases is that they are often more about emotion than money. The divorce and family law attorneys at Dodd & Dodd bring decades of proven experience to your side of the equation in these legally and financially complex divorce cases.
One of the first issues the Court must face is the significant disparity between the parties’ incomes. The Court will consider this as it issues initial or “temporary” maintenance and child support orders. The Court will want to make sure each party has access to the financial resources and accounts needed to ensure they can retain an experienced, qualified divorce attorney.
Valuation is another significant reason why high asset divorces require experienced divorce attorneys. Your Dodd & Dodd divorce attorney helps to ensure expert valuation of high-value assets, such as a business or professional practice, vehicles, investment accounts, stock options, and collections, including items such as artwork or jewelry. Our Louisville Family Court will carefully consider the valuation of experts as it relates to each specific item.
Each party has a different and competing interest in an expert witness’s valuation(s) If one of the former spouses intends to keep a specific asset after the divorce is completed, and that asset is in whole or in part a marital asset, they will be required to offset the other spouse’s financial interest in that item (such as a business interest) with cash, or other marital property.
Therefore, the party who wishes to keep an asset is likely to desire the lowest valuation possible, so as not to give up as much money to offset the marital interests of the other party.
Marital property is to be divided equitably (from a legal perspective) between the parties here in Kentucky. Your experienced divorce team from Dodd & Dodd provides the experience and expertise of a family law attorney, as well as the insights and assessments of a tax attorney. This provides our clients with an important advantage in high-asset divorce cases.
Child custody and visitation issues can present difficult, if not contentious disagreements, and our Courts will do everything possible to separate the genuine best interests of each child from the other complex issues of these cases. This is why high asset divorces require experienced divorce attorneys. You will need sound advice and counsel throughout the process of your divorce. Each piece of the puzzle becomes interrelated as we work to complete a settlement agreement or resolve issues in dispute between the parties. Mediation is quite often a valuable tool in these cases. It provides privacy and confidentiality to the parties and keeps personal information out of the public record.
We invite you to review the strong recommendations of our former clients and the legal industry and contact Dodd & Dodd or call 502-584-1108 to schedule an appointment with one of our attorneys.
