Towson Divorce Lawyers Discuss High Asset Divorce

Towson Divorce Lawyers Discuss High Asset DivorceDivorces that involve a substantial amount of property and assets can be difficult to settle. For couples with a portfolio of assets totaling millions of dollars, there are many things to consider. Even break-ups that start out relatively amicably can quickly become contentious when substantial assets are involved or the couple is engaged in an emotionally charged divorce. The experienced team of high asset divorce lawyers in Maryland at Huesman Jones & Miles, LLC is committed to helping all couples settle their divorce as peacefully and efficiently as possible.

For many divorcing couples, issues related to child custody, child support, and alimony can be settled through mediation. However, the division of property and high-value assets can be significantly more complicated. Stocks and bonds, inheritances, the primary residence, second homes, vacation homes, and rental properties require assessment before they can be divided fairly. There may also be retirement accounts, businesses, international accounts and finances, and investment accounts, which commonly result in struggles over rightful ownership.

Other matters worth consideration involve the luxury items the couple has accumulated and enjoyed during their marital union. Club memberships; recreational vehicles such as boats and sports cars; and collectibles such as artwork, antiques, and other valuable items must be analyzed carefully. This also includes inherited property such as furniture or jewelry that often become points of contention. These types of issues require the intervention of an experienced divorce lawyer that is familiar with high asset divorces.

Issues related to the couple’s children, especially those under the age of maturity, can increase the chances that any divorce will be emotionally charged. Young children require parental care and attention, while teenagers and older children present issues with school, clubs, and college commitments. In all matters, the best interests of the child must be served. While Maryland courts acknowledge mothers’ and fathers’ rights equally, if the court decides that either parent is unable to provide the child with a safe, stable and secure home, he or she may be denied joint custody.

Geographic location and living arrangements have an impact on the children and custody as well. Parents in high net worth divorces that choose to live a long distance from the other parent can jeopardize their involvement in the lives of their children. In cases of joint custody, parents can split their time between homes. However, this can present unique challenges when children are of school age. For couples separated internationally, the problems with custody can become overwhelmingly complicated.

Alimony and child support issues can be difficult to settle, especially if one or both spouses are bitter about the divorce. Alimony settlements should secure the lifestyle and financial health of the spouse with the lower income. Child support should preserve the child’s lifestyle they are accustomed to living and provide for their home, food, education, social life, and future educational endeavors. Deciding who supplies the majority of this funding, and how much is fair for the paying party, can fuel an already tense situation.

Towson Divorce Lawyers at Huesman, Jones & Miles, LLC Have Extensive Experience Handling High Asset Divorces

If you or someone you know is considering a divorce and have valuable property and assets to protect, the experienced Towson high asset divorce lawyers at Huesman, Jones & Miles, LLC can help. Our team is committed to ensuring that your settlement is fair and equitable. Call us at 443-589-0150, or contact us online to schedule a consultation today.

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