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High Asset Divorce in Michigan

Lawyers Handling High Asset Divorce and Complex Marital Estate Issues

The division of marital property is often more convoluted in high asset divorce cases. When parties have high incomes and/or large assets, the proper identification and valuation of property is absolutely imperative in order to get a full understanding of the marital estate at issue. To achieve accurate identification and valuation, we work closely with our clients and local experts in accounting and real estate. Our high net worth divorce lawyers have represented clients in Okemos, East Lansing, Lansing, and Charlotte, among other mid-Michigan cities and towns.

In addition to the more traditional marital assets, a large marital estate may include, but is not limited to, the following:

  • Additional real estate, including a cottage, condo, or other vacation home property;marital-property-boat
  • Stock options;
  • Large and more complicated retirement accounts, including pensions;
  • A family business;
  • Inheritances;
  • Trust funds; and
  • Significant collector’s items, including artwork, heirlooms, and antiques.

 

How property is divided may have serious income tax implications and spousal support consequences, so it is important for you to fully discuss these issues with your financial expert and your Lansing high asset divorce attorney. In addition, during this sensitive time, you do not want to necessarily take what your spouse tells you regarding his or her assets or debts at face value. Make sure you consult with your legal counsel so he or she may perform the proper due diligence and investigation to determine whether all assets (and debts) have been brought to light. This is true not just in high-asset divorces, but in all divorces no matter what the size of the marital estate of the parties involved.

At the Sinas Dramis Law Firm, our family law attorneys have a long history of assisting clients in high net worth divorce cases. We do our best to safeguard our clients’ premarital assets as well as advocate for a fair, equitable distribution of the marital estate.



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