Divorces involving substantial property or high net worth require significant time and attention from an attorney with experience. Not only are the marital estates complex, but there is greater potential for conflict between the parties during a high asset divorce.
How We Assist With High Asset Divorce Clients
Milstein Siegel provides the kind of preparation and planning needed prior to the division of assets taking place. We understand the sorts of issues that arise when high-asset divorces occur.
We assist in:
- An in-depth business valuation analysis
- Appraisals of all residential, commercial and investment properties, including vacation homes
- Negotiation of property division concerning stocks, bonds, retirement pensions and 401(k)s
- Providing advice, guidance and representation regarding child support and alimony payments
- Guidance regarding inheritance property and third-party gifts
- Locating hidden assets and income
Whether through negotiation or litigation, we will pursue an aggressive course in protecting your business and personal assets. We have access to forensic accounting and financial experts that we put to service for you. While advising you concerning the best strategy to pursue, we will also provide you a frank evaluation concerning your case.
Providing Protection For Your Business And Property
How does Milstein Siegel help you protect your rights and your future in your high net worth divorce? We will take the time to listen and understand your goals while putting together a strategy to help move your life forward. In implementing that strategy, we will anticipate any potential problems that may result in loss of time and money. In any event, we will fight for you in court should your interests be threatened.
Our Experienced High-Asset Divorce Attorneys
Our attorneys at Milstein Siegel have more than 30 years of experience handling highly contested and complex divorce cases, including the mediation of these cases. Such experience provides an understanding of the needs of business owners, executives and officers. It helps in discussing the tax and financial ramifications of dividing or transferring of property and assets. Most importantly, such experience and advice are helpful in negotiating the kind of settlement that is most beneficial for you.
Reach Out To An Experienced High Net Worth Divorce Attorney Today
If you are considering filing for a high net worth divorce in Howard County and have a complex marital estate and substantial assets, contact us at SIEGALLAW. We know that you want a fair property settlement, and we can help you pursue your goals and proceed in the right direction. You only need to take the first step. Contact our law firm in Ellicott City, Maryland, or call (410) 792-2300 to schedule your free initial consultation with an experienced family law attorney.
High Net Worth Divorce FAQs
What qualifies as a high asset divorce?
A high asset divorce typically involves significant marital assets such as business interests, multiple properties, investment portfolios, retirement accounts, luxury items, or complex financial holdings. These divorces require detailed financial analysis and strategic planning.
Why does a high asset divorce require a specialized attorney?
High net worth divorces involve complex property valuations, tax implications, and greater risk of disputes. At Milstein Siegel, our attorneys work with financial experts and forensic accountants to ensure accurate valuations, locate hidden assets, and protect your financial interests.
How is property divided in a high asset divorce?
Maryland follows equitable distribution, which means assets are divided fairly, not necessarily equally. This includes real estate, investments, business interests, pensions, stock options, and inherited or gifted property when applicable. Proper classification and valuation are essential.
Can Milstein Siegel help protect my business during divorce?
Yes. We help business owners and professionals safeguard their companies through valuations, structured settlements, and litigation if necessary. We work to minimize disruption to your business while protecting your ownership interest and future income.
What financial experts do you work with in high asset divorce cases?
We regularly work with forensic accountants, tax advisors, property appraisers, and business valuation experts to uncover, evaluate, and present financial data to support your divorce strategy and settlement goals.
What if my spouse is hiding assets?
Our attorneys have experience identifying hidden income and assets through financial disclosures, subpoenas, forensic accounting, and discovery tactics. We aggressively pursue full disclosure and work to ensure fair and transparent asset division.
How are retirement accounts divided?/summary>
Retirement assets such as pensions, 401(k)s, and IRAs are typically subject to division. We work with economists and financial advisors to ensure accurate valuations and handle Qualified Domestic Relations Orders (QDROs) where appropriate.
Does child support or alimony work differently in high asset divorces?
While the basic structure remains the same, child support and alimony in high asset cases often involve greater scrutiny, especially when discretionary income, business earnings, or discrepancies in lifestyle are involved. We customize strategies based on income, lifestyle, and future needs.
Can high asset divorces be resolved through mediation?
Yes. Many are resolved through negotiation or mediation to preserve privacy and control over the outcome. That said, we are fully prepared to litigate when a fair agreement is not possible.
Why choose Milstein Siegel for my high net worth divorce case?
We have over 20 years of experience handling complex, high-stakes divorces. Our attorneys understand the needs of business owners, executives, and professionals and offer comprehensive strategy, expert resources, and tough advocacy in and out of court.