Fayetteville High Asset Divorce Lawyer

High asset divorces can be incredibly stressful. Both spouses have a lot to gain and a lot to lose, which can lead to significant conflict. Having a Fayetteville high asset divorce lawyer on your side is a good way to protect your rights and interests, increasing the chances that you’ll get a fair cut of the marital property.

Trust Bundy Law

If you’re looking for a Fayetteville divorce attorney with dedicated experience, you can trust Bundy Law to provide you with skilled representation. We’ve been in practice for years, and in that time, we’ve seen it all. Our firm has worked with doctors, dentists, executives, and others to facilitate high asset divorces and ensure that our clients get a positive outcome.

Why Hire a High Asset Divorce Lawyer?

Fayetteville, AR, has a median income of just $59,074. However, many affluent individuals live in Fayetteville. Property values in Bridgewater Estates, for example, can top $4 million. Compare that to the average listing price of $369,677, and it’s clear that some Fayetteville residents have more to lose than others.

If you fall into the category of couples with a lot to lose, it’s important to hire a high asset divorce lawyer. These legal professionals know how to handle complex tax situations, challenging asset divisions in Fayetteville, and other potential pitfalls that come with high asset divorces.

What Is a High Asset Divorce?

A high asset divorce is one in which one or both spouses own substantial property, such as bank accounts, stocks, real estate, businesses, or other assets. These divorces can get messy quickly, both because each party has a lot to lose and because dividing complex assets is difficult.

Complex Assets That Require Special Attention

It’s easy enough to divide up things like bank accounts equitably. However, high net worth couples often have more complex assets, such as:

• Businesses or professional practices
• Retirement accounts
• Stock options
• Investment real estate
• Vacation properties
• Venture capital
• Private equity investments
• Art collections
• Antiques and other luxury items
• Intellectual property rights or royalties
• Offshore accounts
• Crypto holdings
• Deferred compensation plans

Figuring out how to divide these types of assets equitably can be challenging. Dividing retirement accounts requires specific court orders to avoid penalties, and deciding who will keep a family business can be difficult.

You need a legal team that understands the nuances of high asset divorces, including liquidity issues and the tax treatment of each asset.

Complications That Often Arise

Tax treatment and liquidity are just two of many potential hurdles in high asset divorces. Additional issues can come up in these areas:

• Valuation of complex assets
• Fluctuating values of investments and cryptocurrency
• Hidden income or assets concealed by one spouse
• Questions surrounding business ownership and operational involvement
• Future profits from businesses
• Capital gains taxes from the transfer of assets
• Privacy concerns
• Spousal and child support
• Pre- and post-nuptial agreements

Questions of Spousal and Child Support

Child support is designed to provide a child with a stable standard of living across both households following a divorce. Higher income means higher standards, so child support is not just about meeting basic needs but maintaining a lifestyle. Reach out to Fayetteville child support lawyer for more info. Costs that could come into play include those associated with:

• Private schooling
• Extracurricular activities
• Travel
• Other lifestyle-related costs

Spousal support is meant to provide the lower-earning spouse with a bridge to financial independence and a means of sustaining a reasonable standard of living. When determining spousal support in high asset divorces, judges consider factors such as:

• Length of the marriage
• Disparities in earning capacity
• Standard of living established during the marriage
• Monetary and non-monetary contributions to the marriage
• Complex financial structures
• Business ownership stakes

If you’re concerned about getting your fair share when it comes to spousal or child support, speak with a Fayetteville high asset divorce attorney.

FAQs

Why Is Moving Out the Biggest Mistake in a Divorce?

There are several reasons moving out is considered the biggest mistake in a divorce. First, it can weaken your Fayetteville child custody case. Second, it can negatively affect property division, as moving out can be a significant expense. Finally, moving out can lead to financial instability, since you’ll be paying for two households, or to claims of desertion if you fail to provide for your family.

What Assets Cannot Be Touched in a Divorce?

The assets that cannot be touched in a divorce are called separate property. Your separate property includes all money or assets you had before getting married, as long as you have not comingled them with marital funds. It also includes gifts or inheritances that only you have received and any income you’ve earned since being separated from your spouse.

How Much Does a Divorce Lawyer Cost in Arkansas?

How much a divorce lawyer costs in Arkansas varies based on the particulars of your case. A straightforward, uncontested divorce will almost always be less expensive than a contested divorce that requires mediation or ends up at trial. High asset divorce cases tend to be more expensive, as do cases involving child custody battles.

How Are Assets Split in a Divorce in Arkansas?

In Arkansas, assets are split in a divorce according to equitable distribution. In most cases, that means a 50/50 split of marital property. However, judges sometimes award unequal shares depending on factors such as each person’s income, health, and contributions to the marriage, as well as the length of the marriage. Marital fault can also come into play in fault-based divorces.

Your Fayetteville High Asset Divorce Lawyer

Divorces are always stressful. When you and your spouse have large amounts of money or assets to lose, the stakes can feel even higher. Working with a Fayetteville high asset divorce lawyer, like the ones here at Bundy Law, can help. Our team is comprised of experienced attorneys who know high asset divorce laws inside and out. No matter what’s at stake, we’ll fight aggressively for your rights. Contact us today to schedule an initial consultation.