Dividing marital property can be challenging in any marital dissolution, but it's even more complicated when there are substantial or fluid assets, such as;
- A business or businesses owned by one or both spouses
- Stocks, Bonds, Stock Options
- Real Estate beyond the marital home, such as; a vacation home (condo or single-family dwelling), real estate located abroad, a family cabin, any inherited real estate, a timeshare or an investment rental property, for example
- Retirement Accounts
- Unusually Valuable Items, such as; art, antiques, other collectibles or heirloom jewelry
ALL high-value assets must be disclosed appropriately and valued as part of the divorce process. Additional factors may further complicate asset division;
- An existing prenuptial agreement
- Competing interests of business partners
- Business losses or gains
- Unresolved estates still in probate
To determine equitable property distribution in a divorce involving high-value assets, it's often necessary to hire experts that will objectively and accurately determine the value of a closely-held business, stock options or real estate.
Regardless of your situation, you are encouraged to discuss the complexities of high-asset division in your divorce with an experienced family law attorney. Attorney Jeffery Cojocar is no stranger to unique and difficult civil litigation matters, including high-asset division and property settlement agreements.
If you're looking for a well-established law firm to handle your Asset Division and Property Settlement agreements in Oakland, Macomb or Wayne County, contact us for a FREE consultation.