Divorce is a trying, painful process—and if there are considerable assets involved, it can be incredibly challenging. Facing a high net worth divorce on your own, however, is not recommended. Our Tulsa divorce attorney shares why you should consider hiring a lawyer to assist you with your divorce process.
Avoid Financial Issues
Poor financial decisions can plague any divorce, but the stakes can be much higher for a wealthy couple. If your divorce is not approached with care, there’s a good chance that you may suffer considerable financial damage. Working with an experienced divorce attorney who is well-versed in the details of high net worth divorces can protect you from many of the potential pitfalls you could be facing.
Experienced with Business Owners & Other Assets
Many high net worth divorces include assets like businesses. Whether you own a business together or one spouse is the owner of a business, it’s important to ensure that your share in your business isn’t threatened by the divorce. A lawyer who has handled divorces involving businesses will be a valuable ally. Protect your interest in a business or ensure that you receive your rightful share of its value with the help of your divorce attorney.
Prepared to Investigate Hidden Assets
Hidden assets are another common issue for many divorces, and the rates seem to climb when there are considerable assets involved. This is because it can be much easier for one spouse to hide money, property, or other assets from the other when there is a larger amount of assets in the first place. Additionally, business owners may use their business to hide funds from their spouse during a divorce.
Hidden assets are not only financially damaging but can also lead to consequences for dishonest spouses. If you suspect your spouse is hiding assets from you to avoid having to split them in the division of your marital property, don’t hesitate to contact a skilled divorce lawyer. They can help you understand your legal options and fight to ensure you receive your rightful property. Additionally, your attorney often can connect you with professionals who can further your investigation, such as forensic accountants.
A common mistake that many couples make is to neglect mediation. A cooperative divorce can be less stressful and less expensive, as well as far shorter than divorce litigation. In mediation, you and your lawyer will meet with your spouse and their attorney to form agreements about the terms of your divorce. This gives you much more control over the outcomes of your divorce than the traditional litigation.
If you’re facing divorce, there’s no time to waste. Our Tulsa divorce attorney can help you through every step of your divorce process and ensure that your interests are protected. Schedule a consultation with the Bundren Law Firm, P.C. today.
Contact our offices online, or by calling (918) 992-3300.