Understanding the Complexities of High Net Worth Divorces

by | Dec 26, 2017 | Lawyers

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If you are filing for divorce and there is a significant marital estate involved, then the divorce process and division of property becomes much more complicated. In most cases, disputes in these cases arise at every point. The best thing you can do is hire Schaumburg divorce lawyers and get to know some of the complexities you will face.

The Law in the State of Illinois

Illinois is considered an equitable division state regarding marital property. The court will take into account a number of factors, including income sources, age, health, occupation and employability of both spouses when figuring out how the property and assets can be distributed equitably. The law in Illinois states that the property has to be divided equitably and fairly, which means that it doesn’t have to necessarily be equal.

Some of the factors that may make a high net worth divorce more difficult for you, as well as your Schaumburg divorce lawyers can be found here.

Specific Complexities of High Net Worth Divorces

Some of the specific reasons these divorces are so complex include:

  • Evaluating the nature of the assets involved in the divorce
  • Business division and impact on business operations
  • Forensic accounting to track hidden assets
  • International issues
  • Tax issues

If you are facing a high net worth divorce, the best thing you can do is find a reliable and experienced team of Schaumburg divorce lawyers. They will be able to review the facts of your case and help you get what you deserve in terms of assets.

Find help with your high net worth divorce by visiting the Law Office of Fedor Kozlov, P.C. website.

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