More Than 60 Years Of Combined Family Law Experience

Innovative Guidance For Asheville High-Asset Divorce

A high-asset divorce has the potential to be highly contentious due to the complexity and value of the assets involved. At Bull & Reinhardt, PLLC, we understand that the stakes are high, and emotions can run even higher. Our attorneys have over 60 years of combined experience. Using that experience, they approach complex cases with innovative strategies designed to help families find solutions that will work best for their circumstances. Our divorce lawyers prioritize straightforward and practical solutions to the complicated issues raised in high net worth divorce scenarios.

Unique Challenges Presented By High-Asset Divorce Cases

A high-asset divorce is unique in part due to the significant financial stakes and intricacies of the financials involved. These cases often require a deeper understanding of various wealth portfolios and their types of assets. Additionally, accurately assessing and determining an appropriate valuation for these assets can further complicate negotiations. Some of the unique challenges in the valuation of high net worth assets include:

  • Business valuations: Determining the value of family-owned businesses or professional practices can require specialized knowledge.
  • Real estate holdings: Dividing multiple properties, including vacation homes and investment properties, can complicate the division of property in a divorce.
  • Investment portfolios: Handling stocks, bonds, and other investment accounts in a fair and just manner requires an in-depth analysis.
  • Retirement accounts: Dividing pensions, 401(k)s and other retirement funds require accurate assessments.
  • Hidden assets: In high net worth divorce scenarios, parties can be tempted to hide assets. Uncovering undisclosed assets or income streams is a critical component of a high-asset divorce.
  • Tax implications: Managing the tax consequences of a high net worth asset division will help you plan ahead for the future.

Our firm employs various strategies to effectively approach the division of property in high net worth divorce cases. When necessary, our seasoned divorce lawyers work with financial accountants, appraisers, and other professionals to compile a thorough and accurate valuation of assets.

How Is Property Divided In A North Carolina Divorce?

In North Carolina, the courts require that the division of property in any divorce, including a high-asset divorce, must follow principles of equitable distribution. While marital property has to be divided equitably, this does not necessarily mean that everything is divided exactly equally.

The court considers several factors when dividing property, such as:

  • The duration of the marriage
  • Each spouse’s income and financial needs
  • Contributions to the marriage, including homemaking and raising children
  • The value of each spouse’s separate property
  • Any direct or indirect contributions to the other’s education or career

Understanding these factors and presenting your case effectively can significantly impact the final outcome. If you need an experienced family law attorney, our lawyers are committed to guiding you through this process with compassion in a way that provides you with clarity.

Contact An Asheville High Income Divorce Attorney

Going through a high-asset divorce requires a knowledgeable legal team who can protect your rights and interests. To schedule a confidential consultation with a high net worth divorce lawyer at Bull & Reinhardt, PLLC, you can call 828-254-0499 or by sending us a message using our online contact form. Let us help you protect your interests and secure your future.