Are you going through a divorce in which you or your spouse have valuable assets? The process of divorce can be more complicated when the financial stakes are higher. Contact a high net worth divorce attorney in Vigo County for help.
Going through a divorce is never an easy process, but when you and your spouse have to deal with the division of valuable assets, the separation can become even more stressful and complicated. Hiring an experienced divorce lawyer to handle your case will be essential if you want to make sure you end up with all of your rightful property, income, and future support from your spouse.
At Rowdy G. Williams Law Firm, an experienced Vigo County high net worth divorce lawyer can handle the legalities of your case and ensure that you walk away from your divorce with what’s rightfully yours. We’ll negotiate on your behalf and work diligently to ensure the process goes as smoothly as possible.
Division of Assets
When assets are divided in a divorce—regardless of whether it’s a high net worth case—the court will make decisions based on numerous factors. Some of these factors will include the following:
- The contribution of each spouse to the property
- The economic standing of each spouse when the divorce takes place
- Which spouse will have primary custody of the children
- The earnings or earning ability of each spouse
Other assets will usually be divided based on the original owner of the assets or who bought the specific item. The judge may decide to split assets down the middle or award the sole breadwinner with the majority of the assets but also require them to pay alimony to the other spouse.
Alimony is also known as spousal support, and in high net worth divorce cases, spousal support is awarded to the spouse who is less financially secure than the other. When a divorce takes place, the primary earner of the family with the high net worth can drastically change the lifestyle of the spouse they leave behind by taking away their income. Spousal support can reduce this financial hardship.
Thankfully for the spouse paying alimony, a large tax break is given to those who pay spousal support, so it can be beneficial in many ways for both parties.
Contact a Vigo County High Net Worth Divorce Attorney
Divorce isn’t easy and when there are valuable assets involved, the potential for stress and complications can increase. With the help of an attorney from Rowdy G. Williams Law Firm, you can rest assured that your future is in good hands. We’ll handle your case with the utmost care and fight on your behalf to ensure that you can move on from your divorce without any financial stress.
To schedule a free consultation today with a Vigo County high net worth divorce lawyer, you can reach out today by calling 1-812-232-7400 or by filling out the contact form below.