The Stakes Are High In A High Net Worth Divorce
Regardless of income level, each person’s remaining assets after a divorce are vitally important for preserving the lifestyle he or she is accustomed to. The Law Office of Jeffrey Jones represents Tennessee residents of all income levels, including professionals and people with extensive investments, including:
- Vacation homes
- 401(k) retirement accounts
- Deferred compensation plans
- Multiple vehicles
- Boats
- Stocks and bonds
- Collectibles
- Business interests
The greater the assets in a marriage, the greater the impact a divorce settlement will have on the divorced spouses and others outside the marriage: children, extended family and business partners. High net worth divorces often pose significant opportunities for disagreement. Mr. Jones’ skills and reputation in legal matters involving contentious negotiations or litigation are strengths that attract quite a few divorce clients.
Clients of The Law Office of Jeffrey Jones with higher asset portfolios appreciate the opportunity to work with an experienced, respected and well-established divorce lawyer. He adeptly takes on challenging cases involving:
- Lengthy marriage
- Disparity of income
- Disagreement over child custody and support
- Contention over division of retirement accounts, businesses and other high-value assets
Ultimately, the vast majority of divorce clients of The Law Office of Jeffrey Jones want and expect fair treatment. They want to avoid losing their entire life’s savings, and they hope to contain legal costs. This can be a challenge when assets are complex. Jeffrey Jones works hard to guide people in the direction of settlement rather than court whenever possible. He is a divorce lawyer held in high regard among peers, past clients and family law judges in the Memphis area.
How Are Assets Divided In High Net Worth Divorce Cases In Tennessee?
In Tennessee, the court divides assets in high net worth divorce cases through equitable distribution. This means they are divided fairly but not necessarily equally. The court considers various factors such as:
- The length of the marriage
- Each spouse’s financial contributions
- Future earning potential
In high net worth cases, it is crucial to identify and accurately value all assets, including real estate, investments, business interests and retirement accounts. Individuals sometimes hire professional financial advisers and forensic accountants ensure a comprehensive evaluation of the marital estate.
What Is A Spouse Entitled To In A High-Asset Divorce Case?
In a high-asset divorce case, a spouse has the right to a fair share of the marital assets, which may include:
- Real estate
- Business interests
- Investments
- Retirement accounts
- Personal property
The court may also award spousal support or alimony based on the financial needs of the receiving spouse and the ability of the other spouse to pay.
What Makes A High-Asset Divorce Different From Typical Divorce Cases?
High-asset divorces differ from typical divorce cases due to the complexity and value of the assets involved. Accurate valuation of assets is especially important in these cases to ensure fair distribution. This often requires the involvement of financial experts, forensic accountants and appraisers to evaluate properties, businesses, investments and other significant assets. Additionally, high-asset divorces may involve intricate financial arrangements, such as prenuptial agreements, trusts and offshore accounts, which require specialized legal and financial knowledge to navigate. The stakes are higher, making skillful legal representation crucial.
In Tennessee, the court divides assets in high net-worth divorce cases through equitable distribution. This means they are divided fairly but not necessarily equally. The court considers various factors such as:
- The length of the marriage
- Each spouse’s financial contributions
- Future earning potential
Moreover, confidentiality can be a significant concern in high-asset divorces, requiring careful handling to protect sensitive financial information. Parties involved often benefit from mediation and alternative dispute resolution methods to avoid lengthy and public court battles. Ultimately, the goal is to achieve a fair and equitable resolution that respects the financial contributions and future needs of both parties.
Contact The Law Office of Jeffrey Jones In Bartlett To Schedule A Consultation About Your High-Asset Divorce
Call +1-901-410-5751 to request an appointment with an experienced divorce attorney Jeffrey Jones – or send an email message through this website. We offer convenient daytime, evening and weekend appointments.