Most people will agree that going through a divorce is usually a stressful and overwhelming experience. When a divorce involves the distribution of a great deal of money, it is especially important to accurately evaluate finances in order to ensure a positive resolution for all those involved. At a time of high stress and extreme emotion it can be challenging to think and act in a rational, practical manner. Seeking the advice of an experienced divorce lawyer can be extremely beneficial when working through a high dollar divorce.
An analysis of what will be needed to maintain current lifestyles is an important factor in high dollar divorce. Time must be taken to properly break down how money was earned, spent, and distributed throughout the marriage. A thorough and accurate evaluation of a couple’s financial history will be of great benefit when attempting to continue to live in a manner which is familiar to both parties.
Another financial aspect that needs to be considered is life insurance. Many people do not realize that this is an asset, and those with significant amounts of money often have accumulated high values in their life insurance policies without realizing this is the case. High dollar insurance plans vary and often money is put in trusts or is reinvested. Hiring professionals with expertise in sorting through complex policies can prove to be invaluable in the long run.
Owners of businesses, CEOs of companies, partners in law firms, doctors, and other high-end executives often have money secured in stocks and a variety of investments. An experienced divorce lawyer can sort out every detail that is involved when it comes to disbursement and distribution of these funds.
Experienced Baltimore Divorce Lawyers handle High Dollar Divorce for Individuals throughout Maryland
At Huesman, Jones & Miles, LLC, our compassionate Baltimore divorce lawyers understand that the divorce and separation process can be stressful to all involved parties. With sensitivity and professionalism, our Maryland family lawyers work with divorcing and separating individuals to help them with issues relating to property distribution, financial analysis, child support, alimony, child custody and visitation. We serve clients throughout the greater Baltimore area including those in Baltimore County, Harford County and Howard County as well as residents of Towson, Bel Air, Columbia, Westminster and Essex. To schedule your free confidential consultation today, call us at (443) 589-0150 or submit an online inquiry form.