Colorado Springs High-Net-Worth Divorce Lawyer

Special Considerations for High-Net-Worth Divorce Property Division

Colorado divorce law splits all marital property equitably. This does not mean every asset is split 50-50, but rather that each person receives 50% of the wealth from marital property. Therefore, accurate valuation of assets and property is crucial. Assets that may be split include real estate, stocks, residential houses, art pieces, jewelry, business shares, investments, and bonds. While you may be tempted to divide property yourselves, this is often not the best option. Even when parties aim for an honest and even split, mistakes can happen, leading to uneven distribution. If one party attempts to hide assets, this can lead to further complications and unfairness.

The process of dividing assets can be emotionally upsetting, particularly due to its effect on each party’s standard of living. An accurate valuation of net worth is important before wealth is split, but this can take time and resources. The more assets involved, the longer it will take to determine their value. When initiating this process through the courts, you will benefit from a divorce attorney well-versed in high-net-worth divorces to help expedite the process.

In high-net-worth divorces, spousal maintenance (alimony) can be a significant financial issue. Courts consider:

• The standard of living during the marriage.
• Each spouse’s financial contributions.
• The ability of each spouse to maintain their lifestyle post-divorce.
• The length of the marriage.

We work to ensure fair and reasonable support agreements—whether you are seeking support or looking to minimize excessive payments.

The Role of Prenuptial & Postnuptial Agreements

Additional complications like prenuptial and postnuptial agreements can make a divorce more complex and time-consuming. These agreements are often established when one spouse enters a marriage with more assets than the other and wishes to protect those assets in the event of a divorce. Many high-net-worth individuals have prenuptial or postnuptial agreements that outline asset division and financial arrangements in the event of divorce. These agreements can:

• Protect separate property.
• Define spousal support terms.
• Prevent lengthy disputes over asset division.

However, these agreements aren’t always ironclad—they can be challenged if they are deemed unfair, signed under duress, or improperly drafted. Our attorneys will evaluate the enforceability of your agreement and ensure it is properly upheld or contested as needed.

Alimony in High-Net-Worth Divorces

If one spouse earns a higher income or owns more property, this does not alter the equitable division of marital assets. Both parties still receive an equitable share of the property and assets. The spouse who earns less may be entitled to alimony (spousal maintenance) to help maintain their standard of living during the divorce process, until the equitable division is determined. Courts consider the standard of living during the marriage, each spouse’s financial contributions, their ability to maintain their lifestyle post-divorce, and the length of the marriage. We work to ensure fair and reasonable support agreements, whether you are seeking support or looking to minimize excessive payments.

Child Custody and Support in High-Net-Worth Divorces

Child custody and support are important issues during high-net-worth divorces because it is essential to keep your child’s best interests in mind. Courts consider various factors when determining child support and custody. It is important to ensure that a child’s lifestyle is not negatively affected by a high-net-worth divorce, as dealing with a divorce is already difficult for children. Tuition, after-school activities, sports, lessons, and childcare are all expenses that need to be accounted for.

Children always need as much stability as possible in any divorce, and this must be considered during high-net-worth divorce proceedings. Your children’s trust funds can further complicate the division of assets, which is why you need qualified Colorado Springs high-net-worth divorce attorneys.

Your financial future is too important to risk. Get strategic divorce representation—call (720) 744-3513 or contact us to get started today.