Franklin High Asset Divorce Lawyer

• Stocks, bonds, and other investment accounts
• Retirement accounts and pensions
• Luxury items such as yachts, aircraft, and high-value automobiles
• Art, jewelry, and collectibles
• International accounts and investments

Marital and Non-Marital Property 

Non-marital property, or assets acquired by either spouse before the marriage or received as a gift or inheritance during the marriage, can play a significant role in high-asset divorces. These assets can introduce an additional layer of complexity to the already intricate asset division process.

Unlike marital assets, which are subject to equitable distribution, non-marital property is typically considered the sole property of the individual spouse. However, the distinction between marital and non-marital assets can become blurred over time, especially in long marriages or situations where non-marital assets have been commingled with marital assets. 

This can lead to disputes over the classification of these assets, requiring detailed financial analysis and, often, the involvement of forensic accountants to trace the origins of funds and determine the proper categorization. 

Accurately identifying and classifying non-marital property is crucial for ensuring a fair and equitable division of assets and safeguarding the financial interests of both parties involved in the divorce.

What Steps Need to Be Taken in Equitable Distribution of High-Asset Marital Estates?

Understanding the quantity and value of the assets is essential. All assets must be identified, thoroughly documented, and their value assessed, including those that may not have immediate liquid value. 

Assets must be classified as being marital or non-marital. Considerations related to alimony, child support, and custody may also factor into the matter. Professionals, such as Certified Divorce Financial Analysts (CDFA), may be needed to analyze financial data and project the long-term effects of the proposed divorce settlement. This can also include tax consequences.

Other experts may be needed, including business valuators essential for assessing the value of any business interests, real estate appraisers to provide current market valuations of real property, and forensic accountants to uncover hidden assets to fully account for all investments.