Divorce and Dissolution with High Net Worth
If you or your spouse own significant assets, operate a small business, or administer a private or family trust you may be a high-net-worth individual. In financial circles, the term high-net-worth is commonly associated with individuals that have liquid assets of at least $1,000,000 or a net worth of over $2,000,000.
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Individuals with high-net-worth often lack the luxury of time to develop and implement strategies necessary to achieve their goals in family law matters. In one case, the owner of a small business may need time to ensure the business has access to sufficient funding to maintain operations during a divorce, while in another case the administrator of a family trust may need time to temporarily transfer authority over trust assets to a successor trustee. If you have high-net-worth and divorce or dissolution is on the horizon, it is critical to consult legal counsel as soon as possible.
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If you have significant assets and your marriage is ending, it is important to retain a knowledgeable attorney who can assist you in developing a game plan before the divorce is filed in court. Christopher M. Alexander has more than 25 years of experience litigating high-net-worth divorce and negotiating high-net-worth dissolution. Contact Christopher M. Alexander, Esq. at (513) 228 – 1100 or chris@alexander-legal.com.
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Lawyers Should Stay in Their Own Lane
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Many people with high-net-worth are accustomed to seeking advice from legal counsel for business matters and financial transactions. Those same individuals, however, may not know where to find the caliber of legal representation required to guide them through the kind of life-changing events that coincide with divorce or dissolution. On the other hand, a family law practitioner with a reputation for litigating parenting cases may be competent in their own right, but may lack the knowledge and experience necessary to advise high-net-worth clients regarding the valuation of marital and non-marital assets.
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Litigation is rarely the end-goal in high-net-worth cases. An in-depth expert opinion or preliminary written report early in the process can often lead to communication between the parties and their attorneys that results in settlement.
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Divorce Professionals and Expert Witnesses
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If your divorce or dissolution involves complex property issues, business interests, appreciation of premarital assets or projections of future cash flow, you may benefit from retaining a divorce professional or expert witness. Are any of the following at issue in your divorce or dissolution:
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Business Valuation
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Dissolution of Business Property/Interests
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Professional Good Will Valuation
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Alternative Executive Compensation
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Stocks and Stock Options
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IRA’s, Pensions and Retirement Accounts
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Real Estate and Investment Properties
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Large Scale Marital Estates
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Antiques, Jewelry, Valuable Collectibles
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Trust Income
Expert witnesses can offer opinions, prepare written reports, and provide expert testimony on specific topics such as business valuations, tax projections, forensic accounting, vocational evaluations, earnings capacity assessments, stock options, present day valuations for pensions and annuities, residential and corporate real estate appraisals as well as appraisals of jewelry, uncommon vehicles, and other collectables.
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If you have significant assets and your marriage is ending, it is important to retain a knowledgeable attorney who can assist you in developing a game plan. Once a divorce is filed in Court, the presiding Judge has jurisdiction over both you and your assets. Christopher M. Alexander has more than 25 years of experience litigating high-net-worth divorce and negotiating high-net-worth dissolution. Contact Christopher M. Alexander, Esq. at (513) 228 – 1100 or chris@alexander-legal.com.