High Asset Divorce
Grand Rapids High-Net-Worth Divorce Lawyers
For couples with substantial assets, getting a divorce can be a high-stakes proposition. Whether you and your spouse have both contributed financially for years (or decades), or one of you is the primary or sole earner, under Michigan law, any assets acquired during your marriage are likely to be subject to division in your divorce.
Depending upon the circumstances, certain assets that you or your spouse brought with you into your marriage could be on the table, too. Michigan law treats commingled “separate” assets similarly to “marital” assets in most cases. Appreciation, renovations, mutual contributions to a business or professional practice, and other issues can also complicate high-net-worth property divisions; and, to make sure you leave your marriage with your fair share, it is critical to hire experienced high-net-worth divorce lawyers.
Decades of Experience in Protecting Spousal Rights
At Kraayeveld Law, we bring decades of experience in representing spouses in high-net-worth (or “high asset”) divorces. Our Grand Rapids high-net-worth divorce lawyers have the experience and are knowledgeable about the complex legal issues involved, and we are intimately familiar with the unique negotiating challenges that often force high-net-worth couples into litigation. While we work with our clients to achieve amicable property settlements whenever possible – including using mediation when necessary – we are also aggressive divorce litigation attorneys who will not hesitate to fight for our clients’ desired property rights in court or during arbitration.
Unique Property-Related Issues in High Asset Divorces
For high-net-worth couples, even determining which assets are on the table can be a significant challenge. Once you know what you need to protect, then you can begin the process of designing and executing a strategy to secure the property rights you desire. We guide our high-net-worth clients through this entire process step-by-step, helping them assess their priorities, anticipate their spouses’ goals and work toward achieving a favorable outcome.
Some examples of the types of issues that can often lead to conflict in high-net-worth divorces include:
- Identification of separate and marital assets
- Terms and enforceability of prenuptial and postnuptial agreements
- Valuation of personal property, stock options, deferred compensation plans and retirement accounts
- Valuation of businesses and professional degrees
- Business management and control
- Real estate appraisals for private residences and investment properties
- Disputes among valuation experts
- Alimony (spousal support) awards in light of the availability of assets
While divorcing spouses will often be on the same page with respect to certain assets that were primarily used by one spouse or the other, in high asset divorces a certain amount of conflict is inevitable. We help our clients explore creative solutions, including or avoiding incorporating alimony provisions into their divorce judgments when necessary to reach an agreement, and we make clear that our clients will not back down when conflicts arise.
Speak with Our Grand Rapids High-Net-Worth Divorce Lawyers
If you are preparing to go through a divorce in Grand Rapids, we encourage you to get in touch. To speak with one of our attorneys about your high-net-worth divorce, please call 616-285-0808 or contact us online. We will schedule your confidential initial consultation as soon as possible.