High net worth divorces present a host of unique challenges, which is why any high net individual who is getting divorced shouldn’t proceed without an experienced Memphis, Tennessee high net worth divorce lawyer on their side. Rice Law has significant experience representing high net individuals through the divorce process, and we are here to put that experience to work for you. Contact Rice Law today to learn more about how we can help.
High Net Worth Divorce Lawyer Serving Clients in Memphis, Tennessee
When one or both spouses own assets upward of $1 million and they get divorced, it is typically considered a “high net worth” divorce. Anyone with a significant amount of assets obviously has a lot at stake once matters of property distribution come into play. If you believe that your hard-earned assets are at stake, you can turn to a seasoned Shelby County, Tennessee divorce lawyer to fight for what is rightfully yours.
Distinct Factors of High Net Worth Divorces
Though high net worth divorces typically involve various standard divorce issues, such as matters of child custody, spousal support, and more, the property distribution process is often more complex. Couples who possess a substantial amount of high-value assets have a lot on the line, and often have several non-traditional assets they must sort through. Just some of the most common assets involved in high net worth divorces are as follows:
- Bank accounts
- Real estate
- Businesses
- Jewelry
- Stock options
- Luxury vehicles
- Artwork or memorabilia
- Retirement accounts
During the property distribution process, courts will have to set a value to each of these assets, and from there, work out an agreement wherein the assets will be distributed fairly and equitably between spouses. Note, however, that equitable distribution often does not imply a 50/50 split of assets, which is why you need a competent attorney on your side.
Being Proactive
Fortunately, there are certain actions high net individuals can take to help simplify the equitable distribution process. The most useful proactive measure a couple can take is drafting a prenuptial or antenuptial agreement. These documents can help clearly state who is entitled to which assets, should they get divorced. Though drafting such an agreement isn’t something any couple wants to do, the truth is, it could end up saving you both a significant amount of time and money in the long run. Our Memphis, Tennessee prenuptial agreement lawyer has significant experience working with high net individuals, and you can feel confident in our ability to help you reach an agreement that is fair to both parties and valid and enforceable in the eyes of the law.
Contact a Memphis, Tennessee High Net Worth Divorce Lawyer
Whether you’re looking to draft a prenuptial agreement or you are in a contested divorce, you shouldn’t hesitate to contact a Memphis, Tennessee high net worth divorce lawyer from our firm today. Rice Law is dedicated to preserving your hard-earned assets and your future.
