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Going Through A High-Stakes Divorce? Why You Need To Hire A High-Net-Worth Divorce Attorney

If you're going through a divorce, you need to make sure that your assets are protected. This is especially important when you're through a high-net-worth divorce. When you're involved in this type of divorce, the best thing you can do is hire the right attorney. That's where a high-net-worth divorce attorney comes into the picture.

Here are four ways a high-net-worth divorce attorney can help you through the process. 

Discover Hidden Assets 

When it comes to a high-net-worth divorce, there's always a chance that the other party will try to hide assets. Unfortunately, hidden assets aren't always easy to find. If you're worried that your spouse is hiding assets, you need to hire an attorney right away. There are several steps your divorce attorney can take to find those hidden assets. First, they can get a forensic accountant involved in your case. Second, they can go through the court to request all financial documents. Finally, they can depose your spouse and anyone in charge of their financial accounts. 

Separate Assets Correctly

If you're in the middle of a high-net-worth divorce, you need to know that the assets are being assigned properly. This should include separate property and joint property. Separate property is property that you and your spouse owned individually before the marriage. Joint property is assets that you acquired as a couple. In a high-net-worth divorce, there may also be assets that started as separate. But, once marital funds are used, the asset becomes part of the community property. That's where a high-net-worth divorce attorney comes into the picture. A high-net-worth divorce attorney knows how to separate those assets. 

Assign Proper Asset Values

When you're dealing with a high-net-worth divorce, you can't afford to take chances with the valuation of assets. Unfortunately, you and your spouse might not be in agreement about the value of an asset. If you're worried about asset values, you need the right attorney on your side. A high-net-worth divorce attorney can take steps to bring in a private financial assessor. That way, you know that the assets are being valued fairly. 

Facilitate Divorce Mediation 

If you and your spouse had a high-net-worth marriage, you need a high-net-worth attorney to handle the divorce. This is especially important if you want to avoid the high cost of a court battle. One of the benefits of a high-net-worth divorce attorney is that they can help you and your spouse overcome the issues that are hindering mediation.

To learn more, contact a law firm like The Law Office of Michael Shew.