How A High-Asset Divorce Lawyer Will Make Your Case Less Stressful
Divorce cases involving significant assets can be incredibly complex and stressful to handle. And apart from the financial aspects of dividing your assets, you may also have to deal with emotional difficulties. You'll likely agree that handling all of these problems without a legal representative in your corner can be daunting. A high-asset divorce lawyer can come in handy in such cases because they have the experience and skills to protect your interests and make the process less stressful. If you hire them, you won't have to worry about dealing with the complex legalities of your case. Keep reading to learn how they make cases less stressful.
Determining What Is Marital Property
During a divorce, assets acquired during the marriage may be considered marital property and could be subjected to division. However, some items may be considered separate properties. These include inheritances or gifts, personal injury settlements or awards, some retirement benefits, and anything else that is not considered a marital asset. If you and your spouse cannot agree on marital property, a high-asset divorce lawyer can help. They'll look at the factors surrounding each asset to determine whether it should be classified as marital or separate property and work to get you a fair outcome.
Classifying Marital Debt
Marital debt is another contentious issue during a divorce. After separating, you may be asking yourself who will be responsible for paying off joint credit cards, the mortgage, and any other debts. A high-asset divorce lawyer can help you understand the difference between marital and separate debt. This is vital because it will determine who will pay the debt after the divorce is finalized. They'll also ensure that the debt is divided fairly between you and your partner.
Protecting Your Interests in Court
If you and your spouse can't agree on the terms of your divorce, the case may have to go to court. This can be a stressful and complicated process, especially if you have substantial assets. Fortunately, a high-asset divorce lawyer can make the process less stressful and protect your interests. They'll present your case in a way that favors you, cross-examine your spouse's witnesses, and challenge any evidence that is presented against you.
Dealing with legal paperwork in a high divorce case can be challenging. From filing the initial petition to gathering financial documents, it can be overwhelming. Luckily, a high-asset divorce lawyer can take care of all the legal paperwork for you. They'll file all the necessary documents with the court and ensure that all deadlines are met. They'll also explain the options available to you to help you make the best decisions.
Hiring a high-asset divorce lawyer will give you the best chance of getting a fair settlement and protecting your interests. If you are considering a divorce, contact a law practice such as the Law Office Of Michael A Simmons PLLC today to discuss your case.