COMPLEX FINANCIAL ISSUES IN DIVORCE

Michelle J. Perkins, Esq.

Many people approach our firm seeking advice in a divorce believing that their case is simple and will settle easily. Occasionally this may be true, but more often than not divorce is more complicated than a client originally thinks.

While it is true that divorces are complicated by legal decision-making and parenting time issues, many do not realize that a complicated financial issue in their divorce can be just as difficult to negotiate. This is especially true when one of the parties does not understand the types of assets involved or has unrealistic expectations.

As many people are aware, spousal maintenance can frequently be a complex financial issue in a divorce. As we see an increase in divorce after long-term marriages, often times we see one spouse who does not have all (or any) of the information regarding the marital finances and assets. We want to make sure both sides have a full and fair understanding of the financial picture and the income streams following divorce. This process takes time and requires an experienced attorney.

Complex asset division can also complicate a divorce. When the parties have assets that are hard to value, fluctuate in value, or are otherwise non-traditional, the attorney must understand the complex issues in play and be able to navigate the process, including hiring experts when necessary.

Often time spouses do not realize the unique considerations involved with certain assets. Giving ample consideration to all aspects of your divorce, taking the time to discuss options for division, and making sure that the final orders are properly drafted and account for possible contingences are all extremely important when you have complex financial issues in your divorce.

If you are considering a divorce and believe that you have complex financial issues, you need an attorney who understands the unique aspects of high net worth and complicated assets. If you would like to work with one of our experienced Attorneys, please call OWENS & PERKINS at(480) 630-2464 to schedule your free 30 minute consultation.

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