Representation For High Net Worth Divorce Cases
When high net worth individuals divorce, their cases are often far more complicated than those involving people of average means and resources. Such high-stakes cases involve complex financial and business issues, especially if the spouses have worked together in a professional capacity such as in building and running a business. Success in a high net worth divorce depends in large measure on having skilled legal representation to guide you through the process, help you resolve difficult questions of asset division and the payment of alimony, and fight aggressively for you in court if necessary. You can find the knowledgeable and dedicated Salt Lake City divorce lawyer you need by coming to the Law Office of David Pedrazas.
David Pedrazas earned a master’s degree in business administration from Brigham Young University with an emphasis in finance in 2005. He understands corporate structure, strategies, finance and accounting, and is able to make use of this understanding in helping the firm’s clients to sort through the intricacies of a complex divorce in which considerable assets and property are at stake. Understanding the intricate details of business can often lead to structuring beneficial settlement agreements in your divorce case that another attorney may not see or understand. Furthermore, high net worth divorces often require the involvement of accountants and other financial experts who can advise on particularly intricate questions involving investments, business valuation, and the division of assets and liabilities. Being able to understand the issues and communicate effectively with accountants and other business experts can make an enormous difference in resolving your divorce issues in an out-of-court settlement or presenting compelling evidence of your case at trial.
Tax Consequences Of High Net Worth Divorce
Oftentimes in settling divorce issues, family law attorneys will overlook the tax consequences of the matters at hand. Having a complete understanding of tax laws, therefore, can be of enormous benefit in structuring alimony and property settlement issues that can save you hundreds or even millions of dollars. Consider, for example, the fact that the party who receives spousal support will most likely have to report the payments as taxable income, while the paying party may be able to deduct the payment amounts as an expense. We understand the tax issues that often arise in structuring high net worth settlements, so we make our best effort to limit the amount of tax exposure you may have in the future. Whether you are concerned about defending your own wealth from the claims of your spouse or if you are worried that you may walk away from divorce without your fair share of the marital estate, do not hesitate to contact us for a free case evaluation from a divorce attorney with 20 years of experience and a track record of more than 1,000 cases.