Protecting Your Assets in a High-Net-Worth Divorce
A high-net-worth divorce presents unique challenges that require careful financial and legal planning. Dividing marital property, handling high-value assets, and ensuring financial security for the future are critical concerns for anyone going through a divorce involving significant assets.
At Sarah Henry Law, our Greenville high-net-worth divorce lawyer understands the complexities of high-asset divorces and works to protect your financial interests throughout the divorce process. With extensive experience in South Carolina family law, our firm is committed to securing fair outcomes for our clients while preserving their financial stability.
Common Issues in High-Net-Worth Divorces
High-net-worth divorces often involve more than just splitting assets. The financial complexity of these cases requires a detailed approach to asset division, tax implications, and long-term financial planning.
Key Issues in High-Asset Divorces
- Property division – Determining how marital property, including real estate holdings, bank accounts, and investments, will be divided.
- Hidden assets – Uncovering undisclosed assets or offshore accounts that could impact equitable distribution.
- Business valuation – Assessing the value of family-owned businesses or professional practices.
- Retirement accounts and investments – Dividing retirement savings, stocks, and other financial assets.
- Marital debt – Determining how debts acquired during the marriage will be divided between both parties.
- Alimony and child support – Establishing fair spousal and child support arrangements that reflect the couple’s financial situation.
With the assistance of forensic accountants and financial experts, our attorneys help clients navigate these complex financial matters to ensure a fair settlement.
Asset Division in a High-Net-Worth Divorce
South Carolina follows the principle of equitable distribution, meaning that marital assets are divided fairly but not necessarily equally. Marital assets include any property, money, or investments acquired during the marriage, while non-marital assets remain with the original owner.
Factors That Influence Property Division
The court considers various factors when determining how assets are divided, including:
- The length of the marriage
- Each spouse’s contributions to the marital estate
- The value of marital property and debts
- The financial and non-financial contributions of each spouse
- The future financial needs of both parties
A skilled high-asset divorce attorney can help ensure that the division of property is fair and aligns with South Carolina’s equitable distribution laws.
Protecting Your Assets During a Divorce
One of the biggest concerns in a high-net-worth divorce is ensuring that assets are not unfairly divided. Our firm takes a proactive approach to protecting our clients’ financial interests by:
- Identifying and valuing all marital and non-marital assets
- Ensuring that hidden assets are uncovered through financial investigations
- Advocating for an equitable distribution that considers future financial stability
- Negotiating favorable terms for alimony and child support
Whether you are a business owner, executive, or professional with significant assets, we provide strategic legal guidance to help you navigate the divorce process with confidence.
How a High-Asset Divorce Lawyer Can Help
High-asset divorces require experienced legal counsel to ensure that financial interests are protected. At Sarah Henry Law, our attorneys provide:
- Legal representation in divorce proceedings
- Assistance in asset valuation and division
- Guidance on alimony and child support obligations
- Strategies to protect business interests and investments
With our combined experience in family law and high-net-worth divorce cases, we help clients make informed decisions that safeguard their financial future.
Schedule an Initial Consultation with a Greenville High-Net-Worth Divorce Lawyer
If you are facing a high-net-worth divorce in Greenville, SC, a Greenville High-Net-Worth Divorce Lawyer at Sarah Henry Law can provide experienced legal representation. Call (864) 478-8324 to schedule an initial consultation. You can also reach us through our contact page. Let us help you protect your assets and achieve a fair resolution.
FAQs About High-Net-Worth Divorce in Greenville
1. What qualifies as a high-net-worth divorce?
A high-net-worth divorce typically involves significant assets, such as businesses, real estate holdings, investments, and retirement accounts, requiring specialized legal and financial expertise.
2. How does South Carolina handle property division in a high-net-worth divorce?
South Carolina follows equitable distribution, meaning assets are divided fairly, though not necessarily equally, based on various factors such as the length of the marriage and each spouse’s contributions.
3. How can I protect my business during a high-asset divorce?
A high-asset divorce lawyer can help implement legal strategies such as business valuations, buyouts, or prenuptial agreements to protect business assets from unfair division.
4. Can hidden assets affect the divorce settlement?
Yes, hidden assets can impact property division. Our attorneys work with forensic accountants to uncover undisclosed financial holdings and ensure a fair distribution of marital assets.
5. How is alimony determined in high-net-worth divorces?
Alimony payments are based on factors such as the financial disparity between spouses, the length of the marriage, and each spouse’s contributions to the marital estate.
