Fair Property Division In High-Asset Divorces
No matter what your financial status, there is a great deal of time and energy involved in untangling your finances after years of marriage. It requires a delicate balancing act or the process can quickly devolve into accusations and shouted demands. Divorce poses a significant challenge and you need an experienced property division attorney to represent your interests.
In a high-asset divorce, the division of liquid assets, property and business investments will often raise a number of hard questions. How will pensions and other employment benefits be valued and divided? Who keeps the family business or should it be sold? How should a vacation property or trust payments be split?
With more than three decades handling divorces in Colorado for individuals with complex asset portfolios, the attorneys at Kaplan Law L.L.C. know how to develop winning strategies. From our first meeting, we will work tirelessly to preserve what is rightfully yours. Our team pays attention to the details, because this is often where a case is won or lost.
A Complete Picture
We have a number of experts and investigators on hand to thoroughly explore what your family owns and identify red flags that might indicate a scheme to hide valuables. Our tools include document requests as a start. When we identify potential issues, we may use a deposition or inspection to piece together a complete picture of your financial situation.
Ferreting Out Any Hidden Assets?
When your soon-to-be ex-spouse realizes that divorce is on the horizon, he or she may find inventive ways to conceal assets. Tracing money can be near impossible for all but the most skilled forensic accountants. Some of the tactics include:
- Underreporting income on tax returns
- Stashing cash in a safe deposit box
- Business accounting practices that minimize a salary
- Antiques or collectibles that appear worthless but are actually quite valuable
All assets and debts must be fully disclosed in the divorce process. If a financial disclosure does not match up with your standard of living, we will investigate. Our attorneys and associated experts know how to unravel complicated finances. We are strategic in how we handle each case and tailor our representation to your situation.
Equitable Distribution In Colorado
Property classification is the first step in property division. Property acquired during marriage is assumed to be marital and subject to division. This could include your home, bank accounts, retirement accounts, investment real estate, art, jewelry, trust fund assets or a family business.
What does it mean to equitably distribute your assets and debts? The court looks at a variety of factors when you cannot reach an agreement. These include:
- Duration of your marriage
- Total income from all sources
- Debts or other obligations you may owe individually or jointly
- Whether one of you may need “retraining” to rejoin the workforce
An experienced family law attorney can work with you to develop a blueprint to maximize the assets that you receive while adhering to good moral and ethical principles.
Family Law Attorneys Who Can Ensure A Fair Property Division
Divorce is never easy, but we can help you navigate it as seamlessly as possible. It takes one call to 303-458-5500 or an email to schedule a free initial consultation. We’ll handle the legal process allowing you to get back to running your business or caring for the children.