Preserving Assets During A High Net Worth Divorce
High-asset divorce is sometimes called doctor divorce because cases often involve professionals and complex asset pictures. These are marriages with mutually owned businesses, professional partnerships, major inheritances, substantial investment and real property portfolios. Division can’t usually be made by cutting an asset down the middle. Astute analysis and valuation is called for, with sophisticated attention to tax complications.
Lawyers With A Long History Of Assisting Doctors, Architects And Entrepreneurs
The Delaware attorneys at Poole, Mensinger, Cutrona & Ellsworth-Aults, have extensive experience in business valuations and the best way to divide business and other unusual assets, with a special eye toward asset preservation and the avoidance of negative tax consequences.
We approach division issues strategically. In high-asset situations neither side wants to do damage to the assets at stake. We know that the tax consequences of alimony and child support are different, for example, particularly if one partner makes much more money than the other. It is often prudent for the parent making more money to ask for custody, to optimize his or her tax situation.
Asset protection requires craft, knowledge and creativity — all qualities Poole, Mensinger, Cutrona & Ellsworth-Aults, has in abundance. If you wish to discuss your divorce situation, we invite you to meet with us and discuss your options.