Fort Collins
High Net Worth
Divorce Lawyer
Fort Collins High Net Worth Divorce Attorney
If you are considering a divorce, you are likely under a lot of stress. Managing an emotional and complicated situation like divorce puts a great deal of strain on anyone. Situations of high-net-worth divorce are much more complicated matters. High-asset divorces require more specialized care and work.
With higher assets comes a more complex system of requirements to make sure the process goes smoothly. Protecting your assets is fundamental to a high-net-worth divorce. Whether you have extensive real estate, large investments, a high income, or other forms of liabilities and assets, you want to know that those things are protected during the course of a separation or divorce.
The high-asset divorce attorneys at Johnson Law Group have the expert knowledge required to navigate a complicated high-net-worth divorce. With an individualized approach and our commitment to compassion we can help you work through the process of your high-net-worth divorce.
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.
What Is a High-Net-Worth Divorce?
A high-net-worth divorce, or a high-asset divorce, is similar in many ways to a common divorce. However, when division of assets comes in, it begins to get complicated. First, there is much more in the balance in a high-net-worth divorce. In the State of Colorado, it is vital to understand what property and assets currently exist between both parties. First, we will take the time to determine what assets you each have separately, and then we will catalog the combined assets, at their values, of both parties. These assets could include:
- Pensions/retirement
- Income of both parties
- Business interests
- Life insurance policies
- Real estate
- Investments
- Collections
- Trusts
- Closely held corporations
While this isn’t a comprehensive list, it includes many of the assets that would be considered during a high-net-worth divorce. It’s important to keep in mind that hiding or concealing assets is illegal.
Colorado is an equitable property division state. This means that when two parties divorce, the courts will divide property on the basis of what is the most equitable for each party. Equitable doesn’t necessarily mean that the assets will be divided equally.
Once an agreement has been met about the division of property, then spousal maintenance can be determined. This is termed alimony in other states. Spousal support cannot be determined before the equitable division of assets. Spousal support is figured by different means in the event of a high-asset divorce.
The purpose of spousal support is to assist the lower income earner to maintain a standard of living after the divorce. In families with an income below a combined $240,000, spousal support is determined based on the basic needs being met of the lower income individuals. In cases of high-asset divorces, maintaining a lifestyle that they had during a marriage is the primary focus.
frequently asked questions high net worth divorce
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How Much Does a Divorce Lawyer Cost in Colorado?Legal expenses can vary greatly depending upon the needs of each case. The average for divorce in Colorado is between $9800 and $14,500, however this number could be as low as $4500 and as high as $32,000, depending on the complexity. If there are no mutual children involved in a divorce, the costs are typically much lower.
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What is a Net Worth Statement for Divorce?The statement of net worth is a comprehensive and sworn statement of all the assets, incomes, properties, debts, and expenses of each party. This statement helps to determine how assets will be divided between the parties. All assets must be disclosed at this time, and if they are not, the offending spouse could see a penalty during the asset division.
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What Questions Should You Ask Your Divorce Lawyer?While there are quite a few questions you could ask, one of the most important is about communication. Knowing whether to expect phone calls, in-person meetings, text messages, or emails is important as is knowing how long you might wait for a response. Asking about fees is another important item to sort out right away, so there are no surprises. You may also want their opinion about communicating with your spouse, and how you could prevent them from complicating the case further.
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What Does a Family Lawyer Do for Their Clients?A family lawyer operates just like you think: they handle any matters that may relate to members of the family. Some of these situations include child custody, divorce, estates or wills, represent members in court, or handle prenuptial agreements. They can also act as negotiators in situations where family members cannot agree or settle without assistance.
Do I Need a High-Asset Divorce Attorney?
While you and the other party could determine things amicably, it’s important to understand the complications that may arise during a high-asset divorce. Because assets are often numerous and complex, having the support of a Fort Collins, Colorado attorney can be vital to maintaining an equitable division.
Having the advice and support of an experienced high-asset divorce lawyer can help you to protect your livelihood in these matters. Family law is a wide area of practice, but a high-asset divorce is a very specialized area. You may also have a prenuptial agreement in place that would need the attention of a skilled and experienced attorney to help maneuver what may be an exceptionally intricate circumstance.
While handling a high-asset divorce without an attorney is possible, it is not recommended. The sheer size of these cases requires a great attention to detail, and the knowledge necessary to navigate this complex condition.
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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.
Your High-Asset Divorce Attorneys
If you are seeking a divorce, and your assets could create a complex situation, Johnson Law Group is the right choice for you. Handling cases of Fort Collins family law with success for many years, our team of highly skilled attorneys can manage your case with compassion and a pledge for excellence that you can trust.
For your peace of mind, contact us today for a free consultation.
