There are many complex legal and financial issues which must be resolved during a divorce. In cases involving high assets, these issues are often more challenging to settle, and often this can lead to a more acrimonious and contentious divorce proceedings. It is important to have an experienced attorney on your side with the experience and skills to handle a high asset divorce. With more than 30 years of experience dealing with these complex cases, John Heilbrun can make sure your interests are protected every step of the way.
This page will provide an overview of the issues associated with a high asset divorce, but every situation is different and it is important to speak with Mr. Heilbrun in person to understand how these issues will impact your divorce. Please call (513) 370-2312 today to schedule your initial consultation at our Cincinnati family law office.
Complex Issues Associated with High Asset Divorce
While issues such as spousal support, division of marital property, and child custody and support must be dealt with in most divorces, there are several issues which make a high asset divorce significantly more complex. These include:
- Multiple real estate properties (including investment properties, commercial real estate, and vacation homes)
- Business valuations
- Deferred compensation
- Employment-related stock options
- SEP’s, IRA’s, pensions and other retirement plans
- Closely held corporations or professional practices
- Art, antiques, and other high-value possessions
- Prenuptial agreements
- Hidden assets or transfers to family members
Ohio follows the doctrine of equitable distribution of marital property, which states that marital assets and property gets divided in a fair and equitable manner, not according to who owns the title. As a result, any assets acquired during the marriage will generally be divided equally between each spouse.
Business Considerations in High Asset Divorce
In situations where one spouse owned a business prior to the marriage and worked to increase the value of this business during the marriage, it will be important to determine what portion of the total value will be considered marital property and what portion will be considered separate property.
This process can be very complicated. Mr. Heilbrun will work with a team of experts to ensure the value of your business prior to the marriage is not split between you and your spouse.
Experienced High Asset Divorce Representation
Over the past 30 years, John Heilbrun has helped many individuals in the Cincinnati area resolve high asset divorce cases. He knows the complex issues involved in these cases, and he has the litigation experience to fight for your rights in court if necessary.
Mr. Heilbrun works with a team of professionals such as business valuation experts, real estate appraisers, forensic accountants, and employee benefit experts in order to identify jointly-held assets and determine their accurate value. This is crucial to protecting your interests in a high asset divorce.
Please contact the Law Offices of John Heilbrun today to schedule your high asset divorce consultation. Mr. Heilbrun serves clients in Cincinnati, Hyde Park, Blue Ash, and Lebanon, Ohio.