All divorces are challenging, but when couples have high-value assets, the untangling is more complicated. Any divorcing couple with high net worth assets needs to hire legal representation. Keep reading to learn more about the benefits of hiring a high-net-worth divorce lawyer in Chicago.
Better Handling of the Division of Property
State laws dictate how the division of marital property is handled. Hiring a lawyer protects one’s rights and ensures that the division is done equitably. If there is spousal support involved in the divorce, the attorney handles these matters as well. No one wants to get short-changed or see their money from all their hard work mismanaged.
Prepare Accurate Financial Disclosures
Couples with high-value assets must disclose all their income and holdings. When couples share a lot of assets, it’s easy to overlook some and forget to mention them. In some cases, the other spouse hides assets to protect their income. Regardless of the situation, failure to disclose financial assets properly can have serious financial ramifications. Lawyers make sure that all assets are uncovered and listed as required in the financial disclosure paperwork.
Divorce Lawyers Keep Feelings Off the Table
There are a plethora of reasons why it’s important to hire an attorney when divorcing, but one of the main reasons is that attorneys keep emotions out of negotiations. They focus on the business of divorce.
Divorcing individuals who need a high net worth divorce lawyer in Chicago trust Michael Craven. Learn more about the practice online at
https://www.divorcelawyerschicago.org/.
