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The higher the income the more complex divorce gets

It is a common belief that divorce is usually messy. After all, for most people marriage is an emotional bond shared between two people. Therefore, it is totally understandable to assume that breaking that bond is emotional too. Anytime there are elements added to a divorce the entire process becomes increasingly complex. Despite heated arguments over custody, pets, homes and property, no topic increases the complexity of a divorce quite like substantial assets do.

Many family law attorneys offer a completely separate area of their practice that focuses on high asset divorces. This area of family law requires a special skill set and understanding of asset valuation, business interests and income calculations.  Divorce alone can have serious implications on a spouse's financial situation. When a divorce is complicated with high net worth, business ownership or family money, both spouses can stand to lose or gain quite a bit.

Many times high asset divorces only end after a lengthy and exhausting litigation battle. Finding an attorney with litigation and negotiation experience can help individuals effectively advocate for their property and financial future. Attorneys with experience identifying hidden assets or the resources needed to acquire the help of a forensic accountant can help spouses locate missing or hidden property and bring it to the family court's attention.

High asset divorces are more complex than their typical counterparts. To effectively and efficiently handle the high asset divorce process individuals should look for a competent and experienced family law attorney. With their help divorcing spouses can work to keep their assets and incomes protected and their financial future stable.

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Goddard & Malmquist

Goddard & Malmquist
1250 South Grove Avenue
Suite 101
Barrington, IL 60010

Phone: 847-382-3995
Fax: 847-382-4038
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