Marriage is built on trust, and so a failed marriage feels like betrayal on the deepest level. No one likes to think about getting a divorce, and once the decision has been made, it is hard to put aside all the emotions to make the best decisions for your future. This is even harder when coming out of a high net worth marriage. The first thing you are going to need is great legal advice. Here are some way to avoid pitfalls when trying to find the best lawyer for your divorce case.
Don’t be Led by Emotions like Guilt or Revenge
Don’t agree to anything just to get out of the marriage. Maybe you’re in love with someone else or your marriage has become intolerable and you just want out. This is not the time for a hasty decision that could have devastating financial consequences.
Hiding assets is a bad idea. If you transfer valuable property or money to another person, it is likely to come out in court. It will be seen as fraudulent and you will lose your credibility. This puts you in a losing position for division of assets and other settlement items. Don’t do it.
Make Sound Financial Decisions
Account properly for assets and liabilities. When filling out the financial affidavit and providing supporting documents, ensure everything is accurate and timely. Incorrect information can leave you responsible for liabilities that should not be your problem.
Tax considerations are a critical factor in high net worth divorce. Know how much you will clear after taxes based on your new filing status after divorce. You may also be taxed on some assets or distributions acquired in the divorce.
Hire the Right Lawyer
In a high net worth marriage, is it likely at least one spouse is financially savvy. Invest money to investigate any assets you may not be aware of that pertain to the divorce settlement. If you accept what the opposition tells you at face value, it can be a costly mistake impacting the rest of your life.
Hire the right lawyer. Getting the toughest lawyer or relying the advice of friends or family may not be the best way to go. A nasty lawyer is as likely to be looking out for his own interests as yours. Hire a lawyer who will advocate for you without provoking a battle that will extend the divorce settlement and raise legal costs unnecessarily. Hire someone who helps you think clearly and strategically. This is your best chance for a secure financial future after divorce.
A web search for high asset divorce attorney in Alexandria VA will yield many contenders. Many have helpful blogs and information on their pages to help you decide who will be the right choice to represent you.