What to Look for in a High-Net-Worth Divorce Attorney

If you are an executive or a high-net-worth individual who is navigating the process of divorce, you want an attorney in your corner who is familiar with the unique challenges of a

high-net-worth divorce. Choosing a high-net-worth divorce attorney who understands that each case is unique and who will apply a tailored approach to ensure the best possible outcome for you is key. Our team is here to explore what to look for in a high-net-worth divorce lawyer so that your case proceeds as smoothly as possible.

How to Choose High-Net-Worth Divorce Lawyers

Illinois is an “equitable division” state. This means that assets are divided fairly, not always equally. While some assets are quite simple to divide, assets like businesses or high-net-worth financial holdings are more complex. This is why it is important to select a high-net-worth divorce attorney who is experienced in this area and who can provide intelligent solutions.

A majority of high-net-worth divorce cases involve reviewing the postnuptial agreement, prenuptial agreement, and other documentation signed during the marriage. Careful valuation of assets and accounting may not be simple, but it does help avoid disputes and a lengthy divorce process. With the right high-net-worth divorce lawyer, you can expect a less daunting experience.

How are High-Net-Worth Divorces Different?

Illinois divorce laws are largely similar, regardless of the financial means of the parties involved. However, there is more on the line in a high-net-worth case. There are three key areas where high-net-worth cases differ:

• Higherchanceoflitigation– These cases are disproportionately likely to end up in a dispute, so it is important to take immediate action to protect your rights.  It is also important to consider alternatives to litigation such as a negotiated settlement, mediation, or the collaborative law process.
• Spousalsupport– While spousal support is not a guarantee in Illinois, it is frequently an issue in high-net-worth divorce cases.
• Complexityofpropertyandassets– Complex property and assets can be more difficult to split up in a divorce. There may also be major financial ramifications.

Benefits of a High-Net-Worth Divorce Lawyer

A high-net-worth divorce attorney can help in several key areas:

• Selecting the right experts to value businesses
• Assessing which property is considered marital property
• Planning for tax consequences
• Understanding your financial situation
• Protecting your interests
• Determining appropriate spousal support
• Working toward an amicable resolution during settlement negotiations by means of mediation or the collaborative law process.

Set Up a Consultation with Conniff & Keleher

Our high-net-worth divorce lawyers can help you navigate the intricacies of divorce where there a substantial assets at stake, and we always have your best interests in mind. Contact us today to set up a consultation.