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The complications of a high net worth divorce can seem overwhelming. At Malinowski Hubbard, PLLC, our Fairfax divorce lawyers have extensive experience helping clients through high asset divorce proceedings, and we know each client’s situation is different. That is why we work directly with clients and focus on the details of each case. If you need legal assistance for a high net worth divorce, we can strive to find effective solutions that help you seek a favorable outcome. Call our office today at (703) 935-4222 to learn more.
High net worth divorce specifically refers to divorce where one or both parties have a large number of assets with a high value. In Virginia, the valuation of assets by experts is required by courts to establish the value and amount of assets in the divorce, and these values can impact child support and alimony awards. It is important to make a list of all your assets and incomes to make sure nothing gets misplaced, and our Fairfax divorce attorneys can guide you through the process.
A high net worth divorce may involve the following assets:
Personal property items may include guns, jewelry, electronics, collectibles, furniture, artwork, and any other items of value. All assets must be evaluated by an expert and distinguished as community or separate property. While community property is bought during the marriage by both partners, separate property is anything that each spouse purchased prior to the marriage. Courts will take each asset into consideration when determining property division, alimony, and child support.
Virginia is an equitable distribution state, meaning courts will try to distribute marital property as fairly as possible. A fair distribution, however, does not mean an equal portion. Having multiple assets and sources of income can quickly lead to confusion, but our attorneys can analyze the facts of your case and help you stay informed and up-to-date regarding your finances.
In high net worth divorces, the value of your assets and distribution of your property can influence other things such as child support and alimony. At Malinowski Hubbard, PLLC, our Fairfax divorce lawyers are passionate about helping clients achieve their goals. We can provide the legal assistance and advice you need as you seek a beneficial outcome.
For quality representation in a high net worth divorce, contact our attorneys today.
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