Commerce City High Net Worth Divorce Lawyer
Commerce City, CO, High Net Worth Divorce Attorney
Divorce can be a challenging and emotional process. This can be especially true for high net worth individuals due to how contentious a high-dollar divorce can become. Legitimate issues like figuring out child support and co-parenting arrangements can be difficult enough. All too often, greed, jealousy, and spite also complicate these sorts of cases.
A high net worth divorce case is defined as a divorce case in which one or both spouses have substantial assets, such as:
- Business interests
- Investments
- Bank accounts
- Real estate
If you are facing a high-net-worth divorce, it is crucial to work with a skilled and experienced Commerce City, CO, high-net-worth divorce lawyer. They can help you protect your rights and keep your hard-earned assets where they belong: with you.
At Johnson Law Group, our team of divorce attorneys and family law professionals has extensive experience in these high-net-worth divorce cases. We understand the unique complexities and sensitivities involved in these cases. Our firm is committed to providing our clients with the legal guidance and support they need to navigate the process successfully.
Divorce doesn’t have to be dramatic. For the litigants, losing your spouse is significant enough. But you can choose the way it affects your daily life. The only guarantee I can give is that the feeling that you have right now will not be the feeling you end with. This is a season in your life, and it must be approached that way.
frequently asked questions High net worth divorce
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How Do I Keep the Most Money in a Divorce?
One way to keep the most money in any divorce is to have a clear understanding of your finances and assets. You should know:
- The value of your assets
- The assets that are your sole property
- The assets that are considered joint marital property by the state
An experienced divorce attorney can help you identify all the marital assets you have a legal claim to. These include any easily overlooked assets or accounts or those that a spouse acting in bad faith has tried to hide. While this can be a tense and emotional time, remember that divorce is not about one spouse harming or humiliating the other. It is about ensuring that everyone is treated fairly and in accordance with the law. That way, everyone can move on with their new lives.
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Is a Spouse Entitled to a 401(k) in a Colorado Divorce?
That depends on when the 401(k) was established and the circumstances under which it was funded. In Colorado, a divorcing person may indeed be entitled to a portion of their ex-spouse’s 401(k) or other retirement accounts. However, the account must have been funded during the marriage. Therefore, an old, fully funded 401(k) from before the marriage and in one spouse’s sole name is not joint marital property, unless it had been:
- Restructured
- Switched to a joint account
- Added to from marital funds during the marriage
Other retirement accounts are indeed considered marital property. The court will consider several factors when dividing these sorts of assets. These include the length of the marriage and each spouse’s contribution to the account and the marriage.
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Who Gets the House in a Colorado Divorce?
In Colorado, the court will consider several factors when determining who gets a shared familial residence, and any other relevant real estate, in a divorce. These factors may include:
- The length of the marriage
- The financial resources of each spouse
- The contributions of each spouse to the marriage
In some cases, one spouse may keep the house while forfeiting certain other assets to the other. In others, the house may be sold off so that the proceeds can be fairly divided between the spouses.
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How Do I Protect My Retirement in a Divorce?One way to protect your retirement in a divorce is to ensure that you have a clear understanding of all your retirement accounts and assets. You will want to work with an attorney who understands both estate planning and family law. This can ensure that you are holding assets in the most beneficial form for your unique situation. They can also help you negotiate a fair divorce settlement that accounts for your personal retirement needs and goals. Additionally, you may want to consider a legal instrument called a qualified domestic relations order (QDRO). This can divide retirement accounts in a way that minimizes tax penalties and maximizes your share of the assets. A QDRO is a versatile tool that can also be implemented in cases where spousal support enforcement is needed.
Income Changes and Support Modifications After
When calculating child support in high net worth divorce cases, the income of each parent is crucial. Determining child support in these cases can be a challenging equation for the court to balance. The parties involved may have a high income or own multiple businesses. They may also have other types of complicated, high-dollar investments.
Support modifications can be made if there is a substantial change in circumstances in the future, such as:
- A significant increase or decrease in one party’s income
- A change in the child’s needs
- A major lifestyle change that affects the circumstances under which the original order was handed down
The attorneys at Johnson Law Group can help you navigate the support modification process. We can ensure that any modifications are made in full accordance with the law. We can also ensure that these are not done at the undue expense of you or your children.
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Atención Personalizada
Cada familia es única, y también lo es cada asunto de derecho de familia. Siempre nos tomamos el tiempo necesario para comprender completamente su situación y adaptar nuestro asesoramiento y estrategia como corresponde.
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Supportive Counsel
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Highly Recommended
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Individualized Attention
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Supportive CounselWe never lose sight of the fact that divorce and other household conflicts can feel overwhelming. Our family lawyers will answer all of your questions to ease your burden in this difficult time.
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Highly RecommendedOur clients often take the time to write and thank us, not only for the results we have earned for them but also for the respect we’ve shown them.
Our Attorneys Meet Your Legal Team
At Johnson Law Group, our team of skilled and understanding legal professionals proudly provides comprehensive and efficient legal services for all clients.
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He was responsive, efficient, and coordinated well with my wife’s attorney. Very happy with the final result.- Nick
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Very professional, and caring. Everything was handled well, they listened to all my concerns, and responded in a timely manner. I would highly recommend using Johnson Law Group, they are amazing!- Sonja
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Myles is very professional and well informed in his field. Cassidy their paralegal was also extremely helpful and client driven . 5 stars!- Stevie
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I appreciate all the help my attorney and paralegal has done for me in the best interest of my daughters future. They’re all most knowledgeable, caring law group! I couldn’t have done it without their genuine support on representing my case(s). I’m grateful for all they have done for my daughter and I.- Bonnita
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From the initial phone call I spoke to Myles Johnson, he gave great direction on how to proceed. Then acquiring the firm as my legal representation I worked with Said and he helped me step by step to get what I was looking for. I have already recommended two different individuals I know to Johnson Law Group and will be using them for all future situations. From the legal team to Cory at the front desk, everyone at the firm is top-notch.- Brady M.
Get Help With Your Commerce City, CO, High Net Worth Divorce
At Johnson Law Group, our Commerce City high net worth divorce team has extensive experience dealing with high-profile Colorado divorce cases. We understand the unique challenges involved in these cases. We are fully committed to fully protecting your rights and assets.
Contact Johnson Law Group today to schedule a free consultation with our highly skilled family law professionals. We are here to help you navigate the process and achieve a positive outcome.
