Keeping Your High-Asset Divorce Private

Keeping Your High-Asset Divorce Private

Navigating the divorce process can be challenging. There are a number of issues which must be addressed, including child custody, child support, spousal maintenance, and division of property. When the assets in a divorce are of higher value, resolving marital disputes becomes more complicated. High-asset divorces involve additional matters such as investments, trusts, inheritances, bank accounts, stocks, and bonds. In some high-asset divorces, there are executive bonuses, deferred compensation, royalties, offshore accounts, pensions, and hidden assets that all need to be addressed as part of the divorce settlement.

Thoughtfully select your legal counsel

Hiring legal counsel who is experienced and knowledgeable regarding the divorce laws in the state is always in your best interests when seeking a divorce attorney. If your divorce involves high assets, it is important to seek legal counsel that has direct experience in handling complex divorce cases, and firsthand knowledge of the intricacies involved.

Keep divorce filings private

To keep sensitive information from being made public in your divorce proceeding, your legal counsel may request that the court seal certain types of documents. Doing so means that the documents may only be legally viewed by the court, legal counsel, and the parties involved in the divorce process.

Tax implications of high-asset divorces

High-asset divorces typically involve a number of assets. When those assets are divided as part of a divorce, there are often tax implications. It is important to discuss any potential tax liabilities with your divorce attorney so you can best prepare for this situation prior to the divorce being finalized.

Wisconsin is a community property state

States follow either community property laws or equitable distribution laws concerning the distribution of property in a divorce. Wisconsin is a community property state, which means that both spouses are considered equal owners of all marital property and the property is split equally between the two spouses after divorce. In high-asset divorce cases, the nature of what is characterized as separate property and what is considered community property is often in dispute. Skilled legal counsel that is experienced in high-asset divorce can most effectively address this issue and advocate on your behalf.

We provide skilled counsel for a high-asset divorce

The divorce process is more complicated for high wage earners and those individuals with significant assets. The Wisconsin divorce lawyers at Bandle & Zaeske, LLP, are experienced and knowledgeable in all aspects of high-asset divorce. We understand that divorce is extremely personal; our divorce attorneys employ the upmost discretion in protecting your privacy and your rights, skillfully addressing the unique circumstances involved in high-asset divorce to achieve the most favorable outcome in your situation. To arrange for a confidential consultation with a member of our team, contact our office at 414-359-1424 or online.

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