High-Asset Divorce In Dakota County

imageIf a couple has accumulated highly valuable or complex assets, their divorce will require an experienced, professional divorce attorney. My observation is that such cases often involve more attention to gathering all pertinent information than the property division in other cases. For many high-asset cases, some type of expert will be necessary to understand the information obtained, to develop the evidence or to understand the consequences of proposed resolutions.

An example of an expert necessary to understand information obtained would be a Certified Public Accountant (CPA) who could prepare an analysis of multi-page individual and corporate tax returns to determine a realistic income calculation for a party.

A business valuation expert might be necessary to determine the value of a family business. A commercial appraiser might be necessary to determine the value of a limited partnership interest holding commercial real estate. These would be examples of experts who are necessary to develop the evidence.

Finally, an example of an expert necessary to understand the consequences of proposed resolutions would be a CPA who could calculate the net incomes resulting from proposed levels of spousal maintenance or the taxes on capital gains if a party sold stock awarded to him or her in a divorce.

I work on a wide array of family law matters with residents throughout the Twin Cities area, including Dakota County, Scott County and beyond. My clients live in cities including Lakeville, Eagan and Rosemount. Contact me to schedule a free consultation.

Protecting Your Financial Future

Future financial security is a concern common to divorcing parties, and always requires attention from your divorce attorney. High-asset divorces often also involve high income levels and concerns about maintaining a high standard of living. How to achieve an adjusted but still high standard of living after the divorce can be complex. What property should be regarded as an asset only? Should any of the properties be considered income-producing? Is future capital acquisition a reasonable element of a post-decree budget?

Consider the difficulties of answering those questions in the context of a marriage that owns the following properties:

  • Multiple homes or real estate investments
  • Retirement accounts and pensions
  • Family businesses or partnerships
  • Complex stock holdings

Once complete and reliable basic information is gathered, my experience is that organization of data, use of appropriate experts, legal research regarding division of certain assets and other attorney strategies are often necessary to fairly resolve high-asset divorces.

I would be happy to answer your questions regarding asset division and property valuation during a free initial consultation. I will share my initial impressions of what would be involved in your high-asset divorce. Call 952-641-7455 to schedule a meeting with a Minnesota lawyer who is experience in cases involving complex property division.