Columbia High-Asset Divorce Attorney
Though parties to Tennessee divorce must usually address property division and alimony, the stakes are higher when they accumulated substantial assets over the course of their marriage. Complications also enter the picture when one party came into the marriage with considerable wealth. Even when divorcing couples can resolve certain issues by agreement, valuation of the real estate, personal items, and other property included in the marital estate increases the complexities of high-asset divorce.
At Fort, Holloway, & Rogers, LLC, our team has the knowledge and experience to address these and other challenges. We are skilled at crafting solutions for property division and alimony, but we are ready to fight for your rights in court. Please contact our firm to set up a consultation with a Columbia high-asset divorce attorney, and check out some background information about the laws.
Basic Divorce Laws Do Not Change
Tennessee divorce statutes make no distinctions regarding the net worth of the case. No matter what the amount of the parties’ incomes, earning capacity, and holdings may be, the laws apply the same.
Property Division: The Tennessee property division statute provides for equitable distribution of all assets acquired and debts incurred by the parties during their marriage; all items owned before the wedding are separate. Complications enter the picture with high-asset divorce when it comes to valuation of:
- Multiple pieces of real estate;
- Investment accounts;
- Ownership in a business;
- Offshore assets; and
Alimony: Spousal support is intended to close the financial gap between the parties, but this gap can be considerable in a high-asset divorce. There can also be challenges because property division impacts determinations on alimony.
Child Custody and Support: When the value of the marital estate is high, it is more likely that the judge will order an upwards deviation from child support guidelines. Plus, child custody might be an issue affecting property division, particularly the family home.
Strategies for Addressing High-Net Worth Divorce Issues
Though the laws apply the same, the value of the marital estate often impacts the parties’ approach to divorce, which is where conflicts arise. At Fort, Holloway, & Rogers, LLC, we are dedicated to resolving disputes via agreement whenever possible. If disagreements remain, the court will likely order mediation. A trained mediator can often get parties to compromise by guiding them in productive discussions.
If your case goes to a hearing, our Columbia high-asset divorce attorneys are prepared to fight for your interests. We support you by:
- Gathering factual evidence;
- Conducting asset valuations;
- Developing a litigation strategy around the factors a court considers for property division, alimony, and issues related to minor children; and
- Advocating on your behalf at trial.
Discuss Your Options with Our Columbia High-Asset Divorce Lawyers
The process can be more complicated when the value of the marital estate is sizable, but it is reassuring to know that your rights do not change with high-asset divorce. Our team at Fort, Holloway, & Rogers, LLC has the skills to protect your interests, so please call 931-901-2300 or go online to schedule a consultation. After assessing your circumstances, a Columbia high-asset divorce lawyer can advise you on details.