What are some of our suggestions for divorces involving high income or assets? What do you need to know if you are considering a divorce in Louisville and have a professional practice, are a high wage earner or if you have substantial assets or wealth?
Dodd & Dodd’s divorce and family law attorneys know those with substantial financial issues and assets in a divorce need sound, experienced and proven legal counsel. Our first suggestion if you are considering a divorce is to develop and execute a carefully crafted plan for your divorce. Pre-planning is a step many miss when approaching a divorce. Our attorneys can help you to assess your risks and develop strategies which substantially increase the likelihood of success in your case.
Monitor all financial accounts and credit cards for any change in spending. Unfortunately, many spouses of a high income wage earner go on spending sprees prior to filing for divorce. There are many reasons given, but the earlier it is detected the sooner you will be able to limit this exposure. The good news is a penalty and/or proportion of the spending spree or running up the credit cards will almost always be deducted from their portion of marital property.
Another of our suggestions for divorces involving high income or assets is to speak with your attorney at Dodd & Dodd before moving out of the family home. Moving out can have a detrimental effect upon your child custody and parenting time goals. Your former spouse may use this and allegations that you never had enough time for the children or attended their events to limit your custody and parenting time. If you are considering a divorce and wish to co-parent and remain in the lives of your children it is absolutely necessary to remain active in every aspect of their lives before and during the divorce.
One of our strongest suggestions for divorces involving high income or assets is the development of a strong, connected circle of advisors who will work alongside Dodd & Dodd to protect your interests throughout the divorce. This includes but is not limited to:
- Financial planning/estate planning
- Corporate or business attorneys
- Tax attorneys/CPA’s
- Real estate professionals
The experienced and proven divorce and family law attorneys at Dodd & Dodd work to build synergy amongst your team and ensure all aspects of substantial decisions are considered. You will be in a position to make informed decisions which meet your short and long-term goals and objectives.
We invite you to review the strong recommendations of our former clients and contact us or call 502-584-1108 to schedule an appointment with one of our experienced divorce and family law attorneys.
