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Key point re marital property in divorce: thoroughly address it

On Behalf of | Jan 3, 2018 | Firm News, High Asset Divorce

Maybe you’re duly focused on your impending ex’s company-sponsored 401(k) retirement account, given that it qualifies as marital property subject to equitable division in your Arkansas divorce.

At the same time, though, are you as equally focused on his or her pension and other savings vehicles that might be in that employment-related mix of assets that should configure in your marital dissolution as divisible marital wealth?

We’re talking things like deferred compensation and promised bonuses. And have you considered stock options, company-linked insurance policies, a large amount of back pay that might be forthcoming for unspent vacation/sick days and so forth?

The point here, as stressed in one national publication spotlighting marital asset identification and valuation, is that the sources of such wealth can be highly varied and sometimes easy to miss in the complex divorce process.

For that reason, many parties — especially individuals involved in high-asset dissolutions — reasonably turn for help to a seasoned family law attorney who routinely represents clients in high-net-worth divorces.

Experienced legal counsel will know what to look for and fully appreciate that the search can be widely based. That can be especially true when it relates to what the above Forbes article terms the “complex financial portfolios” featuring in many high-asset divorces.

Those portfolios can include multiple pieces of real property, several vehicles, varied investment accounts and family business holdings. They can additionally encompass valuable art and antique collections, heirlooms, intellectual property rights and many additional types of property commanding high value.

A divorcing spouse in Arkansas has a legal right to a fair distribution of marital property. A proven divorce attorney can help ensure that he or she gets it.


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