Although it is certainly true that common concerns often feature in divorce, regardless of where a decoupling resides on a simple-to-complex register, it is unquestionable that so-called “high net worth” dissolutions yield a host of differentiated and singular considerations.
And those frequently revolve around varied and significant assets. We note on a relevant page of our website at the Little Rock family law firm of Robertson, Oswalt, Nony & Associates that, “While any divorce may involve complex financial matters, the stakes are raised in a high net worth divorce.”
And it is easy to see why.
A family law writer contributing a recent piece to the established law journal Legal Intelligencer spotlights some of the central reasons that promote a heightened complexity in divorces where a relatively sizable amount of wealth is involved. In doing so, he alludes to the “seemingly endless number of tasks” involved in fully identifying assets across all their dimensions, accurately valuing them, dealing with their potential tax-related implications, equitably apportioning them and more.
We readily acknowledge his findings, because the attorneys at Robertson, Oswalt routinely represent wealthy divorce clients spanning a number of professional industries and occupational niches.
In doing so, we often focus broadly on differing asset types that collectively encompass a wide universe of wealth-related sources. Those can range widely, as noted in the above journal article, from company pensions and retirement accounts spread across myriad investment vehicles to owned businesses and vast realty holdings.
We duly note the need to sometimes bring in other professionals to help us fully identify and safeguard a client’s assets, and we have a strong team of outside resources we can quickly turn to when that is necessary.
We welcome contacts to the firm regarding questions or concerns regarding any aspect of high-asset divorce.