Westport High Asset Divorce Lawyer

Westport, CT High Asset Divorce Attorney

It’s reasonable to expect your marriage to last forever. After all, nobody considers divorce when they get married. Unfortunately, it happens to many marriages. If it looks like it’s going to happen to yours, it’s vital that you take the necessary steps to protect yourself and your assets, especially if you have high-value assets. You may have to take extra steps that you wouldn’t take in a traditional divorce. An experienced Westport high asset divorce lawyer can help you.

The legal team at Reich & Truax, PLLC, can help you secure your assets in a high asset divorce. Having the right Westport high asset divorce attorney by your side can make all the difference as you navigate a divorce that may be quite contentious. It’s important to keep in mind that divorce is not just a signature on a piece of paper.

It’s the complete disentanglement of two lives, particularly your finances. You need a Westport family lawyer who has experience in handling complex, high asset divorce cases..

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Why Should You Hire a High Asset Divorce Lawyer?

There are many reasons why you should hire a high asset divorce lawyer in Westport, CT. First and foremost, having someone by your side who knows high asset divorce laws can only help you. Having the right divorce lawyer by your side may be vital to your case’s success. Otherwise, you could lose many of your high-value assets. Our team at Reich & Truax, PLLC, has considerable experience handling family law cases like yours. We can offer you a personalized and compassionate approach to your case.

According to recent statistical data collected by the Centers for Disease Control (CDC), Connecticut has one of the lowest rates of divorce in the country at only 2.8 per 1,000 residents. Additionally, the state has one of the lowest marriage rates in the country at just 47.6%, according to World Population Review. Divorce may be low in Connecticut, but that doesn’t mean it’s uncommon. If you feel divorce is your only option, you should move forward with it.

As you deal with a divorce, particularly a high-value one, it’s okay to ask for help. This could be one of the most stressful events of your life. There’s nothing wrong with taking care of yourself first and prioritizing your mental health. You may want to reach out to a local mental health support group like Divorce Group or NAMI Connecticut. Talking to the right people can be beneficial to your healing journey, especially if they have been through something similar.

Elements of a High Asset Divorce

A high asset divorce occurs when the marriage has accumulated a significant amount of assets and wealth. High asset divorces are often complex, lengthy, expensive, and can be contentious. They require much more work and determination than a traditional divorce.

Asset division in Connecticut is largely done through equitable distribution, a model that ensures both parties receive a fair, but not always equal, division of assets in a divorce. Here are the elements of a high asset divorce:

• Complex Asset Division: A high asset divorce will almost always have to consider high-value, complex assets. It’s not always items like a house and vehicles. High-value assets can include business interests, investment portfolios, real estate, trusts, and various luxury items. Depending on when they were acquired, these may all have to be split equitably in the divorce.
• Hidden Assets: It’s not uncommon for one spouse to attempt to hide assets from the other in a contentious, high asset divorce. It’s important to note that hiding assets in a divorce is illegal in Connecticut and could result in significant legal consequences if the court discovers the deception. It’s vital that you investigate your spouse’s finances to ensure they don’t try to take advantage of you by hiding assets.

FAQs

Reach Out to a Westport High Asset Divorce Lawyer Today

It can be overwhelming and confusing to go through a high asset divorce, especially if you have not hired experienced legal help to assist you. You don’t want to lose the majority of your assets. The legal team at Reich & Truax, PLLC, can provide you with the resources you need to see this through. Contact us to speak to a member of our team about your case and how we can help you with it.